Wabco Reports Second-Quarter, Six-Month Gains With Higher Content Per Vehicle
Commercial vehicle supplier Wabco Holdings Inc. reported earnings and revenue rose in the second quarter and in the six-month period as it added market share.
July 27, 2016Knight, Covenant, Roadrunner Report Weaker Earnings
Knight Transportation Inc., Covenant Transportation Group Inc. and Roadrunner Transportation Systems reported weaker third-quarter results due to the freight market.
July 27, 2016Echo Global Logistics Reports Stronger Second-Quarter Earnings
Echo Global Logistics reported a jump in second-quarter earnings year-over-year, primarily tied to stronger truckload volume and transactional revenue.
July 27, 2016Tesla’s Electric Commercial Truck Plan Expected to Cost Up to $3 Billion
Elon Musk's latest "master plan" for Tesla Motors Inc. to develop an electric commercial truck, a public bus, a pickup and systems to enable fully autonomous driving could cost $2 billion to $3 billion or more, experts and analysts said July 21.
July 27, 2016STB Proposes Plan That Could Boost Rail Competition
Five years after a shipper-backed proposal seeking to enhance rail competition, the Surface Transportation Board has proposed a new regulatory process that could open the way for more service options for those served today by just one railroad.
July 27, 2016Daimler Challenges Tesla With Its Own Electric-Truck Pledge
Daimler subsidiary Mercedes-Benz outlined plans to start selling an electric heavy-duty truck in about five years, a week after Tesla Motors Inc.’s initial sketch on battery-powered commercial vehicles failed to impress investors.
July 27, 2016Ryder’s Second-Quarter Net Income Drops on Weak Rentals
Ryder System Inc. reported second-quarter net income fell 14% to $73.8 million, or $1.38 per share, hurt by weaker rental and used truck results.
July 27, 2016Port Tampa Bay Lands New Container Shipping Service
A new weekly container shipping service has arrived at Port Tampa Bay.
July 27, 2016Rush Earnings, Revenue Fall as Large Fleets Slash Demand
Multistate truck dealership Rush Enterprises Inc. said net income was cut nearly in half and revenue slipped in the second quarter as large fleet customers “severely” reduced demand for new trucks.
July 27, 2016Capital Goods Orders Rise for First Time in Three Months
Orders for business equipment rose in June for the first time in three months, eking out a small gain that shows companies are in no rush to significantly ramp up investment, according to a report July 27 from the Commerce Department.
July 27, 2016