California is rolling out new rules to move toward a zero-emission fleet of forklifts, against the backdrop of an industry that is already moving in that direction. The California Air Resources Board last month passed a final rule designed to phase out the use of large spark-ignited (LSI) forklifts. An LSI engine is one in…
This story originally appeared on Trains.com WASHINGTON — Legislators used a House subcommittee hearing on railroad safety Tuesday to highlight a new rail safety bill. But committee members and witnesses including regulators, union representatives, and the House member representing East Palestine questioned the rail industry’s own safety efforts. The revised bill, the Railroad Safety Enhancement…
Tesla CEO Elon Musk said the company has “paused” plans for its factory in Mexico as the automaker reported a steep year-over-year decline in second-quarter profit on Tuesday. Austin, Texas-based Tesla’s adjusted earnings per share fell 43% year over year to 52 cents in the second quarter, below Wall Street analysts’ estimates of 61 cents…
The U.S. Securities and Exchange Commission has charged two more Florida executives with participating in a truck investment venture that allegedly bilked investors out of $112 million. Ricardi Celicourt, 40, of Coconut Creek, and Brisly Guillaume, 39, of Boynton Beach, were named in a lawsuit filed by the SEC on Thursday in the U.S. District…
Heartland Express reported a net loss for the second quarter on Tuesday, pointing to weak freight demand, excess capacity and higher expenses as the culprits. The North Liberty, Iowa-based truckload carrier reported a $3.5 million net loss, or 4 cents per share. That was slightly better than the consensus estimate for a 5-cent-per-share loss but…