SHREVEPORT, La.–(BUSINESS WIRE)–AFS Logistics, an industry-leading third-party logistics (3PL) provider, announces an agreement with e2open, the connected supply chain SaaS platform with the largest multi-enterprise network. Users of e2open’s Transportation Management will be able to connect to the AFS freight audit and payment solution. “Shippers face a logistics landscape with various shocks and disruptions that […]
Revolutionary Battery Pack System for EV and ESS Applications Enables Highest Energy Density at Pack Level CAMBRIDGE, Mass. & TOKYO–(BUSINESS WIRE)–#24M–24M announced today it will introduce a transformative new battery technology — the 24M Electrode-to-Pack system — at the Japan Mobility Show October 26 – November 5. 24M ETOP™ is a streamlined battery pack system […]
Excellent Margins and Parts Profits Drive Results BELLEVUE, Wash.–(BUSINESS WIRE)–“PACCAR achieved record net income for the third quarter of 2023,” said Preston Feight, chief executive officer. “PACCAR’s third quarter results reflect excellent Truck, Parts and Other gross margins of 19.5% and strong PACCAR Parts profits. PACCAR’s investments in innovative new DAF, Kenworth and Peterbilt trucks […]
Revenue of $3.7 billion Gross profit of $674 million SG&A as a percentage of gross profit of 58.2%; adjusted SG&A as a percentage of gross profit, a non-GAAP measure, of 58.4% Operating margin of 7.2%; adjusted operating margin, a non-GAAP measure, of 7.2% Net income of $169 million; adjusted net income, a non-GAAP measure, of […]
Leading National LTL Carrier Recognized as Best in Service by Mastio & Company THOMASVILLE, N.C.–(BUSINESS WIRE)–Old Dominion Freight Line, Inc. (OD), a leading national Less-Than-Truckload carrier, has been named the winner of the Mastio Quality Award for the 14th consecutive year. This esteemed award, determined by logistics professionals, is presented annually to the #1 national […]
Piedmont JV project receives historic first lithium mining lease from the Government of Ghana Mining lease provides rights to mining and commercial production for an initial 15-year period Ewoyaa Lithium Project poised to become a major producer of spodumene concentrate Ewoyaa expected to provide most of the feedstock for Piedmont’s lithium hydroxide plant in Tennessee […]
LOS ANGELES–(BUSINESS WIRE)–Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced that it will publish a stockholder letter regarding its third quarter 2023 results after market close on Monday, November 13, 2023, followed by a conference call at 4:30 p.m. Pacific Time (7:30 p.m. […]