A December settlement between Cummins Inc. and the federal government pushed the engine and component manufacturer’s results into the red in the fourth quarter of 2023, it said Feb. 6.
Category: News
Averitt Bolsters Nashville Presence With Upgraded Facilities
Averitt Express expanded three of its key facilities as part of an ongoing effort to strengthen its foothold in Nashville, Tenn., the company announced Jan. 31.
Toyota Boosts Spending on US EV Production by $1.3 Billion
Toyota Motor Corp. is boosting investment at a plant in Kentucky by $1.3 billion as it prepares to start U.S. production next year of a three-row, all-electric SUV.
STB Modifies Performance Requirements for Class I Railroads
Changes are being made in a nearly 2-year-old federal government requirement regarding performance levels at four Class I freight railroads.
Cincinnati Airport Deploys Autonomous Baggage Handling EVs
Cincinnati/Northern Kentucky International Airport is using devices known as Auto-DollyTugs, electric autonomous vehicles complete with “robotic arms,” to handle baggage and cargo.
Yellow Repays $700M COVID-Era Treasury Loan Plus Interest
Yellow repaid a $700 million loan it received from the Treasury Department through the Coronavirus Aid, Relief, and Economic Security Act, the bankrupt less-than-truckload carrier said.
Kroger CFO Departs During Uncertainty on Albertsons Merger
Kroger Co. said Feb. 5 that its chief financial officer is leaving for another company as the supermarket operator waits for regulators’ ruling on its proposed merger with Albertsons Cos.
Hertz Plans Cost Cuts After Earnings Miss on EV Adjustment
Hertz Global Holdings Inc. is looking to cut costs after it missed analysts’ fourth-quarter estimates as it sold down its fleet of Tesla Inc. electric vehicles.
FHWA Awards Grants to Develop Charging, Hydrogen Stations
Eyeing heavy truck emissions, the FHWA has awarded nearly half of $622.57 million in new infrastructure grants to megawatt and kilowatt charging and hydrogen fueling projects.
Volvo Details Engine, Transmission Updates for Redesigned VNL
Volvo Trucks North America on Feb. 6 outlined enhancements to its D13 engine and I-Shift transmission that helped the OEM achieve efficiency gains with its redesigned VNL Class 8 tractor.