Daimler Steals Tesla’s Thunder With Heavy-Duty Electric Truck
Daimler AG is jumping the gun on Tesla Inc. by showing off a battery-powered heavy-duty truck weeks before the California electric-car maker’s own planned unveiling, in a sign of the growing rivalry between the companies.
October 26, 2017Rush Reports Record Quarterly Earnings on Higher Truck Sales, Aftermarket Strength
National truck dealership Rush Enterprises Inc. posted record quarterly profits as net income and revenue rose in the third quarter.
October 26, 2017Dana Reports Higher 3Q Net Income, Revenue
Dana Inc. reported third-quarter gains in net income and revenue, with a third-quarter net income of $73 million, or 46 cents per share, compared with $61 million, or 39 cents, in the same period last year.
October 26, 2017Haldex 3Q Earnings Mixed; Renews Ties to US Truck Makers
Commercial vehicle supplier Haldex AB reported net income fell and revenue inched up in the third quarter compared with a year earlier.
October 26, 2017ITS America Finds New Leader in Shailen Bhatt, Departing Colorado DOT Chief
The Intelligent Transportation Society of America announced Oct. 26 that Shailen Bhatt will serve as its new president.
October 26, 2017Outgoing ATA Chairman Kevin Burch Plans to Continue Telling Trucking’s Story
Although his term ended last week as chairman of American Trucking Associations, don’t count on Kevin Burch to fade away.
October 26, 2017CSX Postpones Investors Day, Sending Company Stock Sliding
Just one week after CSX Corp. delivered some positive news in its quarterly earnings report after service disruptions this summer, investor confidence was rocked again when the railroad carrier abruptly postponed the official Investors Day on Oct. 30.
October 26, 2017Ryder, Echo Report Record Third-Quarter Revenue
Ryder System Inc. reported record revenue but lower profits in the third quarter of 2017.
October 26, 2017UPS Revenues Rise, but Profits Flat in Third Quarter
UPS Inc. profits essentially were flat year-over-year in the third quarter, ticking down about 0.5% or $6 million as the parcel giant also announced a 4.9% rate increase effective Dec. 24 to match other less-than-truckload carriers.
October 26, 2017US Goods-Trade Gap Widens to Four-Month High
The U.S. merchandise-trade deficit widened to a four-month high as imports rose for the first time since April, according to preliminary figures released Oct. 26 by the Commerce Department. The report also showed inventories increased at wholesalers and fell at retailers.
October 26, 2017