Tag: Trucking News

Compass Minerals and Ford Motor Company Sign Non-Binding Agreement for the Supply of Battery-Grade Lithium

Agreement Follows Similar MOU with LG Energy Solution, Together Representing a Majority of Compass Minerals’ Expected Phase One Lithium Production OVERLAND PARK, Kan.–(BUSINESS WIRE)–Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today announced the signing of a non-binding memorandum of understanding (MOU) to explore supplying Ford Motor Company (Ford) with a battery-grade […]

Old Dominion Freight Line Announces $0.30 Per Share Quarterly Cash Dividend

THOMASVILLE, N.C.–(BUSINESS WIRE)–$ODFL–Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced that its Board of Directors has declared a quarterly cash dividend of $0.30 per share of common stock, payable on September 21, 2022, to shareholders of record at the close of business on September 7, 2022. This dividend represents a 50.0% increase over the […]

Herc Holdings Reports Strong Second Quarter 2022 Results and Announces Share Repurchase Program

Second Quarter Highlights Equipment rental revenue increased 35.1% to a record $605.4 million Total revenues increased 30.5% to $640.4 million Dollar utilization increased 40 basis points to 42.5% Net income increased 53.3% to $72.2 million, or $2.38 per diluted share Adjusted EBITDA grew 36.8% to a record $284.2 million and adjusted EBITDA margin expanded 210 […]

BitNile Holdings’ Subsidiary, TurnOnGreen, to Supply Rental Car Operator, Aero Corporation, with DC Fast Chargers for Harrisburg International Airport Charging Hub

LAS VEGAS–(BUSINESS WIRE)–$AGH #120kW_DC_Fast_Charger—BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (the “Company”), announced today that its green energy technology and power supply subsidiary, TurnOnGreen, Inc. (“TurnOnGreen”), will supply the electric vehicle charging equipment and network services to the Aero Corporation to build a six-port electric vehicle (“EV”) DC Fast charging depot next […]

VSE Corporation Appoints Two New Members to Board of Directors

ALEXANDRIA, Va.–(BUSINESS WIRE)–VSE Corporation (NASDAQ: VSEC, “VSE”), a leading provider of aftermarket distribution and maintenance, repair and overhaul (MRO) services for land, sea and air transportation assets for government and commercial markets, today announced the appointment of two new members to its Board of Directors. Anita D. Britt and Lloyd E. Johnson were each appointed […]

Hyliion Holdings Schedules Second-Quarter 2022 Financial Results Conference Call and Webcast for August 10, 2022

AUSTIN, Texas–(BUSINESS WIRE)–Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion,”) a leader in electrified powertrain solutions for Class 8 semi-trucks, today announced it will host a conference call and accompanying webcast at 11:00 a.m. ET / 10:00 a.m. CT on Wednesday, August 10, 2022 to discuss its financial results, the Company’s business, and outlook. Hyliion plans to […]