OMAHA, Neb. — Union Pacific’s third-quarter profit grew 9% as the railroad delivered 6% more freight and continued to raise prices and streamline its operations.
Category: News
Clark Beverage to Open Distribution Facility in Kentucky
C.C. Clark will invest $129 million to build a corporate headquarters as part of a new 300,000-square-foot distribution center along Kentucky’s Interstate 65 corridor.
Tesla Stock Rises After Q3 Earnings Beat Estimates
The company on Oct. 23 reported adjusted earnings of 72 cents per share for the quarter, above the average analyst estimate.
Buttigieg: Truck Parking Central to Safety Mission
USDOT announced more than $4 billion in grants Oct. 21, including projects in Nevada, Ohio and Wisconsin that will add parking to existing facilities along interstate highways.
Tesla’s Shrinking Margins Put Pressure on Upcoming Earnings
Shares of the Elon Musk-led company have fallen 12% this year through Oct. 22, while all of its Big Tech peers have advanced.
Matador Increases 2024 Oil Output Projection by 5%
Dallas-based Matador now plans to produce an average of 98,500 to 101,500 barrels of oil per day in 2024, a 5% increase from the company’s previous projection.
Old Dominion Sees First Year-Over-Year Revenue Drop in 2024
Old Dominion Freight Line experienced a slight decline in third-quarter revenue amid ongoing market softness, the company reported Oct. 23.
Birla Carbon to Open $1B Graphite Plant in South Carolina
The company will build a 435,000-square-foot facility in Orangeburg County to launch next-generation synthetic graphite production operations.
Perspective: Trucking Comes Through in Times of Need
In the worst moments, truckers are among the first to arrive, bringing lifesaving medication, water and food, writes new American Trucking Associations Chairman Dennis Dellinger.
NACFE: Early Electric TRUs Show Promise; Struggle With Costs
The research, published Oct. 18, marked NACFE’s first analysis of alternatives available to fleets, with the introduction of all-electric TRUs in its early stages.