Business

Less-than-truckload carrier Old Dominion Freight Line reported higher net income and revenue in the second quarter as it achieved, amid lower shipments and tonnage, company records for revenue, operating ratio and earnings per diluted share.

Trade tensions likely helped push down U.S. economic growth last quarter to match the slowest pace of Donald Trump’s presidency, with a robust consumer spending keeping things from looking even worse.

Four major automakers have reached a secret deal with California to increase gas mileage and greenhouse gas emissions standards, bypassing the Trump administration’s plan to freeze standards at 2021 levels, according to two people briefed on the matter.

A sales executive with Mack Trucks expressed optimism about the trucking industry during a recent briefing with the press in Portland, Ore., and Seattle.

Truck dealership Rush Enterprises reported higher net income and revenue on strong aftermarket activity and new truck sales, especially medium-duty.

Landstar System Inc. reported record second-quarter earnings per share of $1.53 on second-quarter net income of $61.1 million, which compares with $1.51 per share on net income of $62.5 million during the same period a year ago.

Tesla Inc. shares plummeted in late trading after the electric-car maker posted a worse-than-expected loss and backtracked from a forecast for a return to profit.

Amazon.com Inc. is in talks to rent space at Brooklyn’s Industry City for a new logistics facility, according to a person with knowledge of the matter.

Echo Global Logistics reported decreased revenue and net income as the softer freight market and weaker spot prices took a toll on earnings.

Scott Meyers, Grand Champion of this year’s North Dakota Truck Driving Championships, says support from his coworkers and the competition truck driving community helped power him to a first-place trophy.