2Q Earnings Gains at Volvo Driven by Construction Equipment, Not Trucks
Sales of construction equipment in China and Europe and to the global mining industry increased second-quarter sales and net income for Volvo AB, while the diversified manufacturer’s truck division, its largest, treaded water.
ATA’s Tonnage Index Rises 1.3% for June
U.S. truck tonnage rose by 1.3% in June, compared with the same month in 2016, American Trucking Associations said July 18, and industry stakeholders expect steady, sustainable growth to last into 2018.
Celadon Chairman, CEO Paul Will Steps Down
Paul Will, a 24-year executive with truckload carrier Celadon Group Inc., will be replaced as chairman and CEO on July 24.
S.C. Ports Set Record for Annual TEUs Handled
South Carolina ports topped an 11-year-old record for the 12 months ended June 30 by handling 2.14 million 20-foot-equivalent units of containerized freight.
Port of Virginia Sets TEU Records for June, Fiscal Year
The Port of Virginia set records for handling containerized freight, both for June and during a fiscal year.
Tractors With 6×2 Powertrains Save Fuel, but Fleets Still Reluctant to Adopt
Highway tractors with 6×2 power configurations have been heralded as an important technology for improving fuel mileage, but fleet owners have been hesitant in selecting the systems because they have a tendency to run through tires more quickly and because diesel is less costly than it was earlier this decade.
Expanded Panama Canal: Huge Ships, Port Projects but Experts Unsure of Its Impact a Year In
One year into operations of the expanded Panama Canal, the freight transportation world has witnessed leviathan containerships, gargantuan land-based cranes and dredging projects along the U.S. East and Gulf Coasts, but intermodal shipping professionals say it’s too early to quantify the precise impact of the massive infrastructure project.
Two Major Deals Mark Consolidation Trend; Heartland Buys IDC, Daseke Gets Steelman Cos.
Two major truckload carriers have announced purchases, and one of the transactions will unite companies ranked among the Transport Topics Top 100 list of the largest North American for-hire carriers: Heartland Express and Interstate Distributor Co.
Amazon to Become Major Produce Shipper With Purchase of Whole Foods
With its pending purchase of the Whole Foods grocery chain, Amazon.com will become a major shipper for fresh produce, a transport market that has always been difficult and is now getting even more challenging.
Trucking Stocks Rebounding at Mid-Year Despite Economic, Political Uncertainty
The share prices of trucking companies have been on the upswing since mid-May, recouping some of the gains from the bustling start of the year that were lost during a weak spring. While carriers generally are trading higher than a year ago, investors are once again waiting for clarity on the state of the U.S. economy before they send stocks soaring — or plummeting.