Ford Motor Co. said it fell short of third-quarter earnings expectations, citing higher costs and lower quality, a day after it won labor peace through a tentative contract with the UAW.
Category: News
Cruise Grounds Robotaxi Fleet After California Suspension
Cruise has grounded its entire fleet just days after its license was suspended by California, in a setback for the company that has been laying the groundwork to expand to multiple cities.
Amazon Reports Q3 Revenue Gained 13% to $143.1 Billion
Amazon CEO Andy Jassy gave investors much of what they wanted: robust sales and profit growth along with a hint that the cloud division earnings machine is regaining momentum.
Norfolk Southern Turns to Automated Inspection Portals
Norfolk Southern has installed automated inspection portals on its tracks in Ohio — not far from where one of its trains went off the tracks in February and spilled chemicals that caught fire.
Ryder Reports Slight Revenue Decline for Q3
Ryder System Inc. experienced a slight decline in year-over-year revenue amid market headwinds during the third quarter of 2023, the company reported Oct. 25.
ATRI Opens Research on Challenges to Hiring Female Drivers
The American Transportation Research Institute has initiated new research focused on female truck drivers and how more can be brought into the industry.
Strike Halts All Shipping on St. Lawrence Seaway
MINNEAPOLIS — A strike has shut down all shipping on the St. Lawrence Seaway, interrupting exports of grain and other goods from Canada and the U.S. via the Great Lakes to the rest of the world.
Ports Consider Digitization Strategies to Track Cargo
AURORA, Colo. — Ports and shippers are exploring ambitious port digitization and tracking system projects that allow stakeholders across the supply chain to track cargo in real time.
Congressional Leaders Pledge Progress on FY24 Funding Bills
Newly elected Speaker of the House Mike Johnson and Senate Majority Leader Chuck Schumer directed their chambers to proceed with fiscal 2024 budget legislation.
Estes Express IT System Fully Restored, COO Says
Estes Express Lines’ information technology systems are “completely restored” after a cyberattack earlier in October, according to Chief Operating Officer Webb Estes.