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GM Nearly Doubling Area Where Automated System Is Usable

Author: Associated Press - Published 2024-02-15 11:00 - (91 Reads)

DETROIT — General Motors is adding about 350,000 miles of roadways in the U.S. and Canada to the area where drivers can use the company’s “Super Cruise” partially automated driving system.

Clarience Technologies buys Safe Fleet

Author: James Menzies - Published 2024-02-15 08:01 - (125 Reads)

Clarience Technologies has announced its acquisition of Safe Fleet, the company’s fifth acquisition in the past three years. The company says the deal expands its safety technology portfolio and broadens …

Investment bank praises Triumph Financial but cuts its stock price rating

Author: John Kingston - Published 2024-02-15 07:00 - (106 Reads)

Investment bank Piper Sandler cut its rating on trucking-focused bank Triumph Financial even as it offered praise for the company’s strategy.
The post Investment bank praises Triumph Financial but cuts its stock price rating appeared first on FreightWaves.

Underride Committee May Ask for New Rear Guard Rule

Author: Eric Miller - Published 2024-02-14 22:04 - (142 Reads)

A specially appointed committee reviewing truck underride guard safety is weighing whether to recommend that federal regulators toughen a 2022 rule on rear underride guards.

Knight-Swift Adds 10 More Leased Yellow Terminals to Haul

Author: Keiron Greenhalgh - Published 2024-02-14 16:55 - (124 Reads)

Knight-Swift Transportation Holdings Inc. extended its winning streak in auctions of former Yellow Corp. terminals, strengthening its less-than-truckload operations.

California Expanding Fleet of Hydrogen Passenger Trains

Author: Maxwell Adler - Published 2024-02-14 16:34 - (103 Reads)

The California Department of Transportation announced on Feb. 14 a $127 million agreement with Stadler Rail AG to expand its fleet of zero-emission, hydrogen-powered passenger trains.

Ford Sees ‘Colossal’ Competitive Threat in Chinese EVs

Author: Keith Naughton - Published 2024-02-14 15:54 - (140 Reads)

Ford Motor Co. sees low-cost Chinese electric vehicles as a “colossal strategic threat” that will arrive on U.S. shores, as automakers already confront shaky consumer demand for EVs.

NHTSA Offers $350M in Crash Data System Grants to States

Author: Noël Fletcher - Published 2024-02-14 15:49 - (101 Reads)

States have until May 1 to apply for up to $350 million in grants from NHTSA to upgrade and standardize their crash data systems to enable full electronic information sharing with the agency.

GXO Reports Profit, Revenue Increased in Fourth Quarter

Author: Connor D. Wolf - Published 2024-02-14 15:20 - (133 Reads)

GXO Logistics reported an increase in revenue and earnings year-over-year during the fourth quarter, despite the softer freight market, the company detailed Feb. 14.

Ryder continues shift toward less reliance on leasing, talks up Cardinal

Author: John Kingston - Published 2024-02-14 15:17 - (137 Reads)

Ryder has a plan in place to reduce its reliance on equipment leasing. Its progress could be seen in its earnings.
The post Ryder continues shift toward less reliance on leasing, talks up Cardinal appeared first on FreightWaves.

CSX worker dies after being struck by moving equipment

Author: FreightWaves Staff - Published 2024-02-14 14:58 - (116 Reads)

A CSX worker was killed Tuesday in North Carolina when he was hit by moving equipment.
The post CSX worker dies after being struck by moving equipment appeared first on FreightWaves.