Westport Fuel Systems Q1 Loss Widens; Sales Fall, Costs Rise
Losses at Westport Fuel Systems Inc. widened in the first quarter of 2024 on the back of weaker revenue and inflationary cost increases.
Proxy Firm: Hess Investors Should Abstain on Chevron Vote
Chevron Corp.’s $53 billion deal to acquire Hess Corp. suffered a blow May 13 when a leading shareholder adviser urged investors to abstain from voting for the deal.
Diesel Price Drops 4.6¢ to Reach $3.848 a Gallon
The national average diesel price dropped for the fifth consecutive week, falling 4.6 cents to reach $3.848 a gallon, according to Energy Information Administration data released M
GM’s Cruise to Resume Robotaxi Tests in Phoenix This Week
General Motors’ troubled Cruise autonomous vehicle unit said May 13 that it will start testing robotaxis in Arizona this week with human safety drivers on board.
What’s That? Sustainable Transportation
Sustainable transportation is about moving goods efficiently while minimizing negative impacts on the environment and society.
House Republicans Tell Julie Su to Step Down
House Republicans questioned Julie Su’s capacity to serve as acting labor secretary and criticized department rules regarding the status of independent contractors at a May 1 hea
Update: April Class 8 Truck Orders Increase YOY
March is the only month that hasn’t shown a year-over-year increase in Class 8 truck orders.
TFI Buys Quebec-Based Truckload Carrier in Fourth 2024 Deal
TFI International acquired Quebec-based specialized truckload carrier Transport MJ Lavoie for an undisclosed sum, its fourth purchase so far in 2024.
Volkswagen Reported to Eye Traton Stock Sale
Volkswagen AG is exploring the sale of as much as $1.1 billion of stock in Traton SE, taking advantage of the truck maker’s surging price to increase the number of shares availab
Smarter Vehicles Could Mean Big Changes for Traffic Lights
As cars and trucks get smarter and more connected, the humble lights that have controlled the flow of traffic for more than a century could also be on the cusp of a major transform