Knight-Swift 2Q Earnings, Revenue Decline
Knight-Swift Transportation Holdings, North America’s largest truckload transportation company, reported second-quarter declines in net income and revenue amid 2019’s softer freight environment.
July 24, 2019Norfolk Southern 2Q Profit up 2% Despite Weaker Volume
Norfolk Southern Corp.’s earnings chugged ahead 2% even though the railroad hauled 4% less freight in the second quarter because it was able to raise its shipping rates.
July 24, 2019Senate Confirms Former Delta Executive Stephen Dickson as FAA Administrator
A former Air Force pilot and Delta Air Lines executive was confirmed July 24 by the Senate to lead the Federal Aviation Administration after overcoming opposition from Democrats who claim that he mistreated a whistleblower during his tenure at Delta.
July 24, 2019GM Cruise Robotaxi Debut Delayed
General Motors Co.’s self-driving unit is backing off plans to deploy robotaxis by the end of this year, the latest indication of how auto and tech companies are struggling with the challenges of taking humans out from behind the wheel.
July 24, 2019New Jersey DOT Awards More Than $30 Million to Improve Freight Routes
The New Jersey Department of Transportation announced $30.1 million in grant funding dedicated to improving local roads that serve as freight conduits.
July 24, 2019Link Introduces Semi-Active Cab Suspension
Link Manufacturing announced its ROI Cabmate Semi-Active Cab Suspension that uses multiple sensors and is constantly assessing environmental circumstances while simultaneously responding.
July 24, 2019FMCSA Proposes Adding Location Flexibility to CDL Testing Process
The Federal Motor Carrier Safety Administration announced a proposed rule July 24 meant to ease the process for people pursuing a commercial driver license.
July 24, 2019Nissan Braces for Pain as Weak Profits Force Restructuring
Nissan Motor Co. confirmed reports of a 90% drop in quarterly operating profit and a broader restructuring a day before posting results, underscoring the Japanese automaker’s struggle to get back on stable footing.
July 24, 2019UPS Announces Strong 2Q Earnings
United Parcel Service Inc. reported second-quarter earnings benefiting from rising demand for its Next Day Air and Ground delivery services.
July 24, 2019Amazon Has ‘Destroyed’ US Retail Industry, Says Treasury Secretary Steven Mnuchin
U.S. Treasury Secretary Steven Mnuchin alleged that Amazon has “limited competition” and harmed the retail industry as the Trump administration announced a broad antitrust review into whether technology companies are using their power to thwart rivals.
July 24, 2019