Waymo, the self-driving unit owned by Alphabet Inc., is slowing the development of autonomous trucking that’s being done by its Via subsidiary.
Category: News
Traton’s Profit Jumps in Second Quarter
Traton SE’s profits soared in the second quarter of 2023 as sales jumped compared with the year-ago period, the parent company of Navistar said July 26.
June Used Class 8 Sales Little Changed From Last Year
Used Class 8 truck sales in June came in at 21,500 units, equal to sales figures from the year-ago period, ACT Research reported.
Union Pacific Brings Back Jim Vena as CEO
OMAHA, Neb. — Union Pacific on July 26 hired Jim Vena as CEO as the company cut its outlook after reporting disappointing results driven by weakening consumer demand and higher labor costs.
AAPA CEO Connor to Retire Oct. 1 After Four Years at Helm
American Association of Port Authorities CEO Chris Connor announced he is retiring effective Oct. 1.
Fed Raises Key Interest Rate by a Quarter-Point
The Federal Reserve raised its key interest rate by a quarter-point July 26 from roughly 5.1% to 5.3% — its highest level since 2001.
Several States Alter Fuel Tax Structures
Higher gasoline and diesel taxes hit the pumps in several states starting July 1, while new laws also took effect to raise revenue from the sale of alternative fuels.
Seven Automakers Unite to Build EV Charging Network
Seven major automakers are joining forces to build an electric vehicle charging network that would rival Tesla’s and nearly double the number of fast-charging plugs in North America.
Stellantis Profits Soar 37% in First Half of Year
MILAN — Stellantis on July 26 reported a 37% boost in earnings in the first half of the year, driven by strong North America income and an increase in electric vehicle sales in Europe.
CN Railway Reports Q2 Revenue Down 7%
Canadian National Railway Co. reported revenue of C$4.06 billion ($3.1 billion) in the second quarter, down 7% and missing analysts’ estimates.