Mullen Group Records 59.5% Decline in Q1 Profit
Mullen Group Ltd. posted weaker first-quarter profits on steady revenue, but the Canadian motor carrier warned that business began to erode significantly in April.
Echo Global Suffers $2.9 Million Loss in Q1
Echo Global Logistics swung to a loss in the first quarter as it faced pricing pressures and the early financial effects of the coronavirus pandemic.
Old Dominion Q1 Profit, Revenue Keep Pace
Old Dominion Freight Line Inc.’s first-quarter profit and revenue held steady as the motor carrier didn’t start to see business erode from the coronavirus pandemic until the start of April.
TFI Posts Solid Q1 Results; Workforce Measures Taken
TFI International Inc. posted a strong first quarter, logging record operating income for the period and solid profit growth.
Commercial Vehicle Production to Fall 20% Globally in 2020, IHS Forecasts
Global commercial vehicle production will plunge 20% this year compared with 2019, with the North American market slumping more than 30%, according to an analysis from IHS Markit.
Analysts: Trucking Ripe With Opportunities for Autonomous Technology
Analysts expect autonomous driving to penetrate the commercial vehicle market before the consumer auto market.
Trucking Volume Linked to Future Spending Trends, Experts Say
Where and how consumers and businesses are spending money now, and how those habits might shift in the near future, will shape how the economy — and the trucking industry — will manage through the impact of the COVID-19 crisis, experts said.
Yokohama, Continental Suspend Production of New Tires
Two more manufacturers have idled production of new tires amid the nationwide economic slowdown brought on by the coronavirus.
TuSimple, ZF Pair to Develop Technology for Autonomous Trucks
Autonomous driving company TuSimple has reached a deal with German vehicle components maker ZF Friedrichshafen to develop and commercialize technology for autonomous trucks.
Kicking the Tires Becoming Obsolete as Truck Auctions Shift to Online Sales
The big auction houses increasingly are turning to digital sales to move used heavy-duty trucks.