Business

USA Truck saw second-quarter revenue and net income decrease compared with the prior year, the company reported July 27.

Diesel fell for the second consecutive week, by six-tenths of a cent to $2.427 a gallon from $2.433, the Energy Information Administration reported July 27.

Forward Air Corp. is expanding the capacity of its national hub in Columbus, Ohio, by approximately 30%, the company announced July 27.

Wall Street’s rally got back on track July 27, while gold rushed to a record at the start of a week packed with potentially market-moving events.

Attorneys for New Prime Inc. and a potential class of 40,000 mostly independent owner-operators have agreed to settle two lawsuits, awarding the truck drivers a total of $28 million in back compensation and damages.

As the coronavirus pandemic took hold, it disrupted freight demand in many segments of the economy, forcing some carriers to furlough drivers while others were quick to hire those furloughed drivers as a way to swiftly onboard experienced commercial vehicle operators.

The 100-year-old over-the-road motorcoach industry is struggling for survival as most of the nation’s 36,000 buses are sitting in parking lots because of the COVID-19 pandemic.

Global airlines are pledging their brands, loyalty programs and aircraft as collateral to secure more funds in the debt markets as the coronavirus pandemic continues to batter the sector.

Canadian Pacific reported reduced second-quarter earnings that company officials said was a direct result of reduced freight caused by the COVID-19 pandemic.

Deadlines looming, House Speaker Nancy Pelosi implored Republicans and the White House on July 27 to come quickly to the negotiating table with Democrats over the next coronavirus relief package to prevent unemployment assistance and an eviction moratorium from expiring for millions of Americans.