Category: News

DETROIT — The UAW union has widened its strike against GM, the lone holdout among the three Detroit automakers, after reaching a tentative contract agreement with Jeep maker Stellantis.

Universal Logistics Holdings experienced an overall decrease in revenue, with each segment facing year-over-year declines for the third quarter of 2023, the company reported Oct 26.

The Haslam family says majority owner Berkshire Hathaway is trying to artificially depress Pilot Travel Centers’ value to lower the price it has to pay to get the remaining 20% of the company. 

With Iowa projected to need more than 10,000 truckers yearly through 2030, Gov. Kim Reynolds  again has taken steps to get more drivers behind the wheel.

Exxon Mobil’s third-quarter profit declined compared with last year when the oil giant put up record numbers as oil prices soared, but net income jumped 15% compared with Q2.

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.

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 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 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 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.