Hub Group Net Income Falls More Than 50% Even as Revenue Rises
Intermodal, trucking and logistics provider Hub Group had to wrestle with margin compression and acquisition-related expenses that caused second-quarter net income to plummet 53.8% even as revenue expanded by 8.1%.
July 26, 2017Wabash Second-Quarter Results Decline Compared With Best-Ever Levels Last Year
Diversified trailer maker Wabash National Corp. reported second-quarter net income and revenue declined.
July 25, 2017Covenant Profits Plunge 58% in Second Quarter, Still Beat Low Analyst Forecast
Covenant Transportation Group announced profits plunged 58% in the second quarter, even though the truckload carrier surpassed the low expectations of industry analysts.
July 25, 2017Pickup in Confidence Shows Americans Upbeat on Jobs, Economy
A four-month high in U.S. consumer confidence reflects Americans’ sunnier views on both their current situation and outlook, a positive sign for the economy, data from the New York-based Conference Board showed Tuesday.
July 25, 2017Truckers Embrace the Spotlight, Friendly Rivalries at National Championship
Gary Harms and Don Logan, elite truck drivers with stellar performance records, go about their tasks with a strong focus on safety. They respect every aspect of the trucking industry, including the other drivers. But safety is their top objective.
July 25, 2017‘Architect’ of Pilot Flying J Fuel Rebate Scam Strikes Deal to Plead, Cooperate
The man dubbed by the FBI as the architect of the diesel fuel rebate scam by executives of the nation’s largest truck stop chain has struck a deal to confess, court records show.
July 25, 2017US Home Resales Ease as Lean Inventory Drives Prices Higher
A slowdown in sales of previously owned U.S. homes shows how lean inventories are keeping prices elevated and limiting purchasing options, National Association of Realtors data showed July 24.
July 25, 2017Paccar’s Net Income Down in Second Quarter Despite Revenue Surge
Second-quarter net income declined for truck maker Paccar Inc., even though revenue increased for the Bellevue, Wash.-based parent of Kenworth Trucks and Peterbilt Motors.
July 25, 2017Bill Gates Backs Uber Freight Rival Convoy
As Bill Gates and Jeff Bezos jockey for the designation of world’s wealthiest man, the Seattle billionaires are united behind at least one local venture. They’re both investors in Convoy Inc., a trucking logistics startup that competes with Uber Technologies Inc.
July 25, 2017Steady Home-Price Gains in 20 US Cities Show Tight Inventory
Steady price gains in 20 U.S. cities in May indicate that a tight supply of properties paired with increased demand is boosting home values, according to figures from S&P CoreLogic Case-Shiller on July 25.
July 25, 2017