Tesla’s Shrinking Margins Put Pressure on Upcoming Earnings
Shares of the Elon Musk-led company have fallen 12% this year through Oct. 22, while all of its Big Tech peers have advanced.
October 23, 2024Matador Increases 2024 Oil Output Projection by 5%
Dallas-based Matador now plans to produce an average of 98,500 to 101,500 barrels of oil per day in 2024, a 5% increase from the company’s previous projection.
October 23, 2024Economy: ATA's Bob Costello Anticipates Freight Market Rebalancing
American Trucking Associations Chief Economist Bob Costello on Oct. 14 highlighted how the freight market is set to slowly improve as equipment and demand rebalance.
October 23, 2024Old Dominion Sees First Year-Over-Year Revenue Drop in 2024
Old Dominion Freight Line experienced a slight decline in third-quarter revenue amid ongoing market softness, the company reported Oct. 23.
October 23, 2024Birla Carbon to Open $1B Graphite Plant in South Carolina
The company will build a 435,000-square-foot facility in Orangeburg County to launch next-generation synthetic graphite production operations.
October 23, 2024Perspective: Trucking Comes Through in Times of Need
In the worst moments, truckers are among the first to arrive, bringing lifesaving medication, water and food, writes new American Trucking Associations Chairman Dennis Dellinger.
October 23, 2024NACFE: Early Electric TRUs Show Promise; Struggle With Costs
The research, published Oct. 18, marked NACFE’s first analysis of alternatives available to fleets, with the introduction of all-electric TRUs in its early stages.
October 23, 2024Hyundai Testing Novel Hydrogen Production
Hyundai’s plant in Georgia has been running its internal logistics operations using hydrogen and the automaker has been testing domestic production of the fuel using biogas from food scraps.
October 23, 2024American Tire Seeks Bankruptcy After Deal With Lenders
American Tire Distributors, which sought bankruptcy protection in 2018 after the defection of two major manufacturers, has filed for Chapter 11 again as it considers a sale process to cut debt.
October 23, 2024DSV to Kick Off Bond Sale Early to Finance DB Schenker Deal
Danish transport company DSV will start a large bond sale as soon as this year to help pay for its $15.4 billion takeover of DB Schenker ahead of an expected completion in 2025.
October 23, 2024