U.S. Xpress Revenue Grows 21.4% in Past Year
A three-year turnaround in the operations and culture at U.S. Xpress Enterprises helped the Chattanooga, Tenn., trucking firm raise more than $250 million in an initial stock offering in June and deliver its best operating ratio in two decades this spring.
August 3, 2018Hub Group Explores 'Strategic Alternatives' for Freight Brokerage Unit
Hub Group is exploring a possible sale of Mode Transportation, an operating unit that provides truck and rail freight brokerage and logistics services.
August 2, 2018Class 8 Orders in July Reach All-Time High of 52,400
Class 8 orders in July set an all-time monthly high, soaring past 52,000 and breaking a 12-year-old mark amid a crush of demand.
August 2, 2018Editorial: Course Corrections Are Part of Progress
In times of great change there are bound to be course corrections, as evidenced by recent developments related to innovations designed to advance the science of moving trucks down the road.
August 2, 2018Schneider Reports Strong 2Q Earnings Growth
Schneider National Inc. on Aug. 2 reported net income jumped 30% to $65.8 million or 37 cents per share compared with $46.5 million or 27 cents per share a year ago.
August 2, 2018Senate-Passed Transportation Funding Bill Includes $1 Billion in Infrastructure Grants
Legislation that would provide $1 billion in infrastructure grants and would extend the electronic logging device waiver for livestock haulers for the next fiscal year easily passed the Senate on Aug. 1.
August 2, 2018YRC Worldwide Reports Mixed 2Q Earnings Compared With 2017
YRC Worldwide Inc. reported a decline in second-quarter net income, even as operating revenue increased.
August 2, 2018Fiat Chrysler’s Magneti Marelli to Acquire Self-Driving Tech Startup
Magneti Marelli, a components business that is part of Fiat Chrysler Automobiles, plans to acquire a French startup focused on self-driving car technology.
August 2, 2018Meritor Net Income, Revenue Post Double-Digit Gains in Fiscal Year 3Q
Commercial vehicle supplier Meritor Inc. notched higher revenue and net income in its fiscal-year third quarter, citing new business wins and higher production in all of its major markets.
August 2, 2018US Electric Vehicle Charging Market Could Reach $18.6 Billion by 2030
Falling prices and government mandates are set to boost sales of electric vehicles globally, making owning and operating charging infrastructure an attractive area for investment.
August 2, 2018