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…
Norfolk Southern officials are hoping for service improvements in the second half of 2023 following a first half marred by a number of prominent train derailments, most notably the February derailment in East Palestine, Ohio, of rail cars carrying vinyl chloride. “We are going to learn from this accident to become a safer company,” NS…