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The post Daily Infographic: Cummins will pay California $175M over emission-rigged engines appeared first on FreightWaves.
Schneider National missed third-quarter expectations and lowered its full-year 2024 guidance on Wednesday. Adjusted earnings per share of 18 cents was 5 cents below the consensus estimate and 2 cents lower than the 2023 third quarter. The company said lower gains on equipment sales and equity investments were a 4-cent year-over-year headwind in the period….
The acquisition of a majority stake in Pilot Travel Centers by Berkshire Hathaway has led to a significant increase in the company’s debt rating by S&P Global Ratings. Pilot’s BB+ corporate rating was affirmed in mid-2021, though one debt issue was reduced at that time to a BB+ level. BB+ is not considered investment-grade debt….
Kenworth Truck Co. veteran Jim Walenczak has been named general manager of the Paccar Inc. brand and vice president of the parent company. Walenczak has worked at Paccar for 13 years. His previous responsibilities included Kenworth assistant general manager for sales and marketing. He also served in fleet, region and general sales manager positions at…
The case that first brought the ABC test for determining independent contractor status into New Jersey involved truck drivers hauling bedding. Fourteen years later, the case has been settled out of court. That’s just one development in recent weeks regarding the always contentious question of how a court or regulator determines whether a worker is…
The Port of New Orleans got a boost from the Louisiana State Legislature, which committed $230.5 million to the Louisiana International Terminal (LIT) and other infrastructure projects. The $1.8 billion LIT aims to position New Orleans as one of the top international container gateways in the Gulf of Mexico, officials said. “The legislature’s backing of…
Despite the headwinds of inflation, rising interest rates and high warehouse inventories, the Georgia Ports Authority said it had its second-busiest February ever. February container volumes totaled nearly 395,000 twenty-foot equivalent units, down from 460,400 TEUs in February 2022 but still 30,400 TEUs higher than pre-pandemic February 2020, GPA said Tuesday. However, February’s volumes of…