World Trade Momentum Wobbles After Best Month in Seven Years
Global trade momentum slipped in February, easing after recording its best month in more than seven years.
April 25, 2018Norfolk Southern Posts 27% Rise in Income for First Quarter
Railroad Norfolk Southern Corp. reported first-quarter net income of $552 million, up 27% from $433 million in the first quarter a year ago.
April 25, 2018California Republicans Ready to Turn in Signatures for Ballot Measure to Repeal Gas-Tax Increase
Republican activists said April 24 that they have collected at least 830,000 signatures for an initiative to repeal recent increases in California’s gas tax and vehicle fees, more than enough to qualify the measure for the November ballot.
April 25, 2018Jaguar CEO Ralf Speth Says Nobody Can Go It Alone in Autonomous Driving
Jaguar Land Rover, which is teaming with Waymo to develop autonomous vehicles, is testing the technology predominantly in the United Kingdom and sharpening efforts to make the roads safer with such cars, CEO Ralf Speth said.
April 25, 2018China’s Uber for Trucks Is Said to Raise $1.9 Billion in Funding
Full Truck Alliance Group, China’s biggest app for Uber-like truck services, raised $1.9 billion in funding to fuel its expansion, sources familiar with the matter said.
April 25, 2018Heartland Express Posts Mixed Results in 1Q
Heartland Express reported first-quarter net income of $13.4 million, or 16 cents earnings per share. In comparison, first-quarter 2017 net income was $14 million, or 17 cents per share. Analysts had predicted earnings per share of 11 cents.
April 25, 2018Orders Rise, but Market Share Falls for Mack Trucks in First Quarter
Everybody knows about the up-and-down, cyclical nature of the heavy-duty truck market. But as Mack Trucks proved in the first quarter, sometimes you can be up — and down — at the same time.
April 25, 2018Bosch Claims Breakthrough That Can Save Diesel Engines
Robert Bosch GmbH said its engineers have developed a new diesel-exhaust system that cuts emissions far below legal limits taking effect in 2020 and can help automakers avoid potential driving bans in Europe that threaten to doom the engine technology.
April 25, 2018Covenant Reports Solid First-Quarter Revenue, Income
Covenant Transportation Group reported first-quarter net income of $4.4 million, or 24 cents per share, compared with a net loss of $39,000 in the same period of 2017.
April 24, 2018Ryder System Posts Higher Sales, Lower Profits in First Quarter
Ryder System generated record revenue and lower net earnings in the first quarter as strong sales for the Miami-based equipment leasing and logistics service provider were offset by a write-down of goodwill for its operations in the United Kingdom and higher expenses associated with the sale of used vehicles.
April 24, 2018