WASHINGTON — New ideas that reduce truck pollution at U.S. seaports will be considered for federal funding in a grant program rolled out Thursday by the Federal Highway Administration, according to FHWA chief Shailen Bhatt. The Reduction of Truck Emissions at Port Facilities Grant Program is a five-year, $400 million program authorized by the infrastructure…
In the latest sign of Aurora innovation scaling its autonomous trucking system, the startup is partnering with German supplier Continental AG to build the hardware. The exclusive partnership expects to make future generations of the Aurora Driver integrated hardware and software systems available in the U.S. in 2027. Aurora plans to launch its first driverless…
First-quarter results for C.H. Robinson were a sea of down arrows, as had been expected at the giant brokerage company. Declines in key benchmarks were well into the double digits at C.H. Robinson (NASDAQ: CHRW). Gross profits were down 24.7%. Income from operations declined 53.4%. Diluted earnings per share dropped 53.2% and adjusted EPS declined…
Listed tanker owners are raking in profits and doling out hefty dividends. The tanker orderbook, despite a flurry of recent contracts, is virtually barren through 2025. Yet tanker share prices have been drifting lower since early March. They dropped again on Wednesday. Tanker stocks have a “boy who cried wolf” reputation thanks to all the…
Trailer maker Wabash beat earnings estimates in the first quarter, pointing to a successful reorganization of the company four years in the making and long-term customer deals that lock in future revenue. “Customer portfolio reshaping [is] a significant redesign of our organization, and reporting structure [is] a new customer-centric go-to-market approach,” CEO Brent Yeagy told…