Marcus Webb 
FedEx Freight reported $2.41 billion in revenue for its fiscal fourth quarter ended May 31, a 4.8% increase over the $2.30 billion recorded in the same period last year. The Memphis, Tenn.-based less-than-truckload (LTL) carrier, now operating as a standalone…
A $250,000 budget unlocks a wild mix of new cars, from razor-sharp sports sedans to burly off-roaders and even a few sensible choices. Our readers weighed in with their dream purchases, revealing a spectrum of tastes—some chasing raw performance, others…
Slate CEO Peter Faricy has declared that every one of the startup’s no-frills electric pickups will turn a gross margin profit, even at its revised starting price. The bold claim comes after Slate adjusted pricing for its budget electric truck…
Bristle Motor Speedway’s half-mile oval has been resurfaced more times than most fans can track, toggling between asphalt, concrete, and dirt over the past six decades to solve problems created by the previous surface. Opened in 1961 as Bristol International…
A recent Reuters/Ipsos poll found that 77% of Americans agree that the Republicans’ war to make gas expensive was a bad use of hundreds of billions of dollars. The poll, which took place from June 18-22, showed that less than…
The Slate truck and a 1998 Toyota Land Cruiser are both on the table for a $25,000 budget, but they serve wildly different lifestyles. The Slate, a new electric pickup with a base price of $25,000, is a blank canvas…
Hyundai has just unveiled the eighth-generation Elantra sedan—known as the Avante in South Korea—at the Busan Mobility Show, and it’s a design departure so bold it makes most mainstream compact sedans look instantly dated. The new Elantra ditches evolutionary styling…
Robert Bosch CEO Stefan Hartung will step down on July 1, with Deputy CEO Christian Fischer replacing him. Hartung, 60, requested to leave to pursue new social commitments and entrepreneurial tasks. Bosch has been facing challenges in the automotive industry,…
California’s gasoline excise tax will rise to 63.4 cents per gallon on July 1, marking the highest state-level gas tax in the nation. The increase—2.2 cents per gallon—comes as part of an automatic annual adjustment under Senate Bill 1, a…
Volkswagen AG is preparing a sweeping restructuring plan under CEO Oliver Blume that could eliminate up to 100,000 jobs and shutter four German factories as part of a bid to slash €11 billion in overhead costs by 2030. The proposal,…