Electric-car charging company EVgo Inc. said CEO Cathy Zoi will retire in November and be succeeded by board member Badar Khan.
Category: News
Weaker Freight Rates, Brokerage Gross Margin Hurt RXO Profits
Lower freight rates, a moderation in brokerage gross margin and the cost of operating as a standalone public company hurt profits at RXO Inc. in the second quarter of 2023
TFI Q2 Profit Dips by More Than 50% on Lower Freight Volumes
Profits at TFI International Inc. more than halved in the second quarter of 2023 to $128.2 million from $276.8 million in the year-ago period, the company said.
Plan to Restock Emergency Oil Reserve Put on Hold
WASHINGTON — The Biden administration is delaying plans to restock the nation’s emergency oil reserve amid a price hike that has pushed oil above $80 a barrel.
Amazon Fresh Offers Grocery Delivery to Non-Prime Members
Amazon has begun offering its Fresh grocery delivery service to customers who aren’t Prime members.
Senate EPW Approves Diesel Emissions Bill
A bill that updates the Diesel Emissions Reduction Act through fiscal 2029 was recently approved by a committee in the U.S. Senate.
Eaton Q2 Profit Jumps 23.8%
Eaton Corp. posted net income of $744 million in the second quarter of 2023, a 23.8% increase compared with a $601 million profit in the same period a year earlier.
Taylor Swift Reportedly Gives Tour Truckers $100,000 Bonuses
Taylor Swift has reportedly given $100,000 bonuses to the truck drivers who have been transporting her concert equipment across the country during her epic Eras tour.
Nikola Begins Production of Hydrogen Fuel Cell Class 8 Truck
Nikola began production of the Tre hydrogen fuel cell electric truck July 31 at its Coolidge, Ariz., factory, the company said.
UAW to Show List of Economic Demands to Automakers This Week
DETROIT — The United Auto Workers union will present a long list to General Motors, Ford and Stellantis when it delivers economic demands to the companies this week, the union’s president says.