Tag: Trucking News

Old Dominion Freight Line Reports Fourth Quarter 2021 Earnings Per Diluted Share of $2.41

Quarterly Cash Dividend to Increase 50.0% to $0.30 Per Share THOMASVILLE, N.C.–(BUSINESS WIRE)–$ODFL–Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced financial results for the three-month and twelve-month periods ended December 31, 2021.   Three Months Ended       Twelve Months Ended       December 31,       December 31,     […]

Howmet Aerospace Reports Fourth Quarter 2021 and Full Year 2021 Results

Improved Margins, Strong Cash Generation, ~$845 Million Debt Reduction, $430 Million Share Repurchases PITTSBURGH–(BUSINESS WIRE)–Howmet Aerospace (NYSE:HWM): Fourth Quarter 2021 Highlights Revenue of $1.3 billion, up 4% year over year Income from continuing operations of $77 million, or $0.18 per share, versus income from continuing operations of $106 million, or $0.24 per share, in the […]

Iron Mountain Announces Electric Vehicle Milestones on its Path to Net Zero

Commits to the Climate Group EV100 initiative BOSTON–(BUSINESS WIRE)–Iron Mountain (NYSE: IRM), the global leader in innovative storage and information management services, has joined the Climate Group’s EV100 initiative and reached key milestones in electrifying its global vehicle fleet, continuing its journey to reach its Climate Pledge commitment to achieve Net Zero Carbon emissions by […]

Faraday Future Intelligent Electric Inc. Announces Completion of Special Committee Investigation

Company Appoints Susan Swenson Executive Chairperson to Provide Oversight of the Senior Executive Leadership Team Internal Controls Strengthened as Board of Directors Implements Special Committee Actions LOS ANGELES–(BUSINESS WIRE)–Faraday Future Intelligent Electric Inc. (“Faraday Future” or the “Company”) (NASDAQ: FFIE), a California-based global shared intelligent electric mobility ecosystem company, today announced that the special committee […]

Business Combination of SES and Ivanhoe Capital Acquisition Corp. Approved by Ivanhoe Shareholders

IVAN shareholders have approved the business combination at the Extraordinary General Meeting held on February 1, 2022. Transaction is anticipated to close on February 3, 2022 and is expected to result in more than $480 million of cash (less fees and expenses) on the balance sheet of the combined company Transaction is anchored by a […]

Power Integrations Introduces Industry’s First Automotive-Qualified High-Voltage Switcher ICs with 1700 V SiC MOSFET

Expanded InnoSwitch3 family slashes component count and boosts efficiency in EV and industrial applications SAN JOSE, Calif.–(BUSINESS WIRE)–$POWI #PowerIntegrations—Power Integrations (Nasdaq: POWI), the leader in high-voltage integrated circuits (ICs) for energy-efficient power conversion, today announced the addition of two new AEC-Q100 qualified, 1700-volt rated ICs to its InnoSwitch™3-AQ family. The new devices are the industry’s […]