Controversial $10 Million Toll Study Approved in Connecticut
Connecticut’s State Bond Commission recently approved a $10 million study to assess the feasibility of tolling on certain routes in the state.
July 26, 2018Landstar Profit Jumps on Record Revenue
Landstar System reported record second-quarter net income of $62.5 million, or $1.51 a share, a rise of 67% from $37.5 million, and 89 cents per share, in the same period a year ago.
July 26, 2018NAFTA Talks to Pick Up Again as Threat of Auto Tariffs Looms
High-level talks for a new NAFTA are picking up again this week following two months of limited negotiations that were marred by tit-for-tat tariff battles and diplomatic fallout.
July 26, 2018UPS Surges as Jump in Foreign Sales Defies Rising Trade Tensions
UPS Inc. rose the most in almost seven years as international sales surged and the courier’s ambitious investment plans started to win over investors.
July 26, 2018Covenant Profits Jump on 20% Revenue Rise
Covenant Transportation Group reported a positive second quarter, recording greater revenues and income as it moved forward on its purchase of Landair Holdings.
July 26, 2018Trump Deregulatory Efforts Flounder in Court
A year and a half into the Trump administration’s war against what it deems unneeded regulation, the legal record is coming into focus. And, according to law professors who follow regulation, it ain’t pretty.
July 26, 2018Daimler Net Income, Revenue Down on Soft Total Sales
German car and truck maker Daimler AG reported second-quarter net income and revenue fell amid a slight increase in overall vehicle sales, driven by larger gains at its Mercedes-Benz Vans and Daimler Trucks units.
July 26, 2018Knight-Swift Sees Steady Revenue Rise as Merger Efforts Continue
Knight-Swift Transportation Holdings reported greater second-quarter revenue and improved income across most of its divisions as it continued the coordination of the two firms after their merger last September.
July 25, 2018Ryder Reports Double-Digit Revenue Growth in Second Quarter
Ryder System Inc. reported a second-quarter increase in revenue and profits, but a decline in per share earnings, due to tax-related adjustments and other costs.
July 25, 2018Ford Announces Reshuffling, New Self-Driving Vehicle Unit
A day ahead of announcing second-quarter earnings, Ford Motor Co. unveiled organizational changes that it says will improve its operations and grow profits.
July 25, 2018