Consumer Comfort Gain Reflects Steady Labor-Market Progress
More favorable attitudes about personal finances and the economy helped bolster Americans’ confidence last week, according to Bloomberg Consumer Comfort Index figures released July 27.
July 27, 2017Old Dominion Begins LTL Earnings Season on High Note, Profits Up 21% in 2Q
Old Dominion Freight Line Inc. kicked off the less-than-truckload quarterly earnings reports on an impressive note with a 21% rise in profits.
July 27, 2017Business Equipment Orders Eased Last Month After Robust May
The U.S. economy is experiencing steady but slower growth in business investment as orders for capital equipment eased last month following a May increase that was bigger than previously reported, Commerce Department data showed July 27.
July 27, 2017Seasonally Strong Trailer Orders in June Up 51% Year-Over-Year, Top 20,000
U.S. trailer orders shot up 51% in June and notched the seventh consecutive month of year-over-year gains.
July 27, 2017Rush's Net Income, Revenue Spike on Aftermarket Gains, Vocational Sales
Truck dealership Rush Enterprises Inc. reported a second-quarter spike in net income and revenue due to strong demand for vocational trucks.
July 27, 2017UPS Reaps the Reward of Price Increases
UPS Inc. is finally figuring out how to make money from the surge in online shopping.
July 27, 2017Landstar Tops Second-Quarter Forecasts With Net Income, Revenue
Truckload carrier and logistics provider Landstar System produced broad-based improvement among its services and generated second-quarter increases in net income and revenue, topping the consensus estimate of analysts by 2 cents a share.
July 26, 2017Forward Air Reverses Second-Quarter Net Loss in 2016, Posts Nearly $20 Million in Profits
Forward Air Corp. recovered strongly after a $10 million loss one year ago, posting a profit of $19.6 million or 64 cents per share for the three-month period ending June 30.
July 26, 2017Kenworth Assesses Ramifications of ELDs on Business
Kenworth Truck Co. looks at the potential effect of mandatory electronic logging devices on its business from the perspectives of truck production and valuation and fleet maintenance, company executives said.
July 26, 2017Knight Transportation Profits Down 28%, Match Forecasts After Adjustments for Swift Merger
Knight Transportation Inc. profits declined 28% in the second quarter, the latest in a series of unfavorable earnings reports from truckload carriers matching what was anticipated to be a tough first half of 2017.
July 26, 2017