Overnite Transportation Founder J. Harwood Cochrane Dies at 103
Trucking legend J. Harwood Cochrane, who entered freight transportation by driving a horse-drawn carriage and founded Overnite Transportation Co. during the Great Depression, died July 25 at 103 in Richmond, Virginia.
July 26, 2016C.H Robinson, Hub Group Report Strong Second-Quarter Earnings
Freight brokers C.H. Robinson Worldwide Inc. and Hub Group Inc. reported stronger second-quarter earnings July 26 because of lower transportation costs.
July 26, 2016Photo Gallery: New York City Relies on Mack Trucks
Mack Trucks Inc. supplies 98% of the 2,500 vehicles used by the Department of Sanitation in New York City. Here are some scenes from the department’s Central Repair Shop in Queens.
July 26, 2016Accuride Reports Profitable Second Quarter, Six-Month Loss
Commercial vehicle components supplier Accuride Corp. reported a profitable second quarter but still posted a net loss for the six-month period due to headwinds in key markets.
July 26, 2016Caterpillar Profit Tops Estimate as Cuts Stop Slide
Caterpillar Inc. reported better-than-expected earnings, as a drive to cut costs countered the impact of lower demand, and said the worst of the slump in mining-equipment sales may be passing. Company shares rose the most since February.
July 26, 2016Paccar Reports Profitable Second Quarter, Losses Year-to-Date
Paccar Inc. reported net income rose by $34 million in the second quarter as revenues declined amid fewer new truck deliveries.
July 26, 2016Cummins Starts Up History With 1952 Indy Car
EAST LIBERTY, Ohio — While Cummins’ focus of its media event here was to spotlight its next-generation engines, it also brought along an important piece of its long history.
July 26, 2016Volvo Group Earnings, Revenue Fall in Second-Quarter and Six-Month Periods
Volvo Group reported earnings and net sales fell in the second quarter and six-month periods, citing the slowdown in the North American truck market as a key factor that led to a plunge in orders.
July 26, 2016VTNA Says Cuts at New River Plant Pushed Back to September
Volvo Trucks North America, a unit of Volvo Group, said its next reduction at its New River Valley Plant in Dublin, Virginia, will affect about 300 employees and occur in September instead of August, as previously announced.
July 26, 2016Scott Logistics Acquires Apex Freight
Freight broker Scott Logistics Corp. has acquired Apex Freight Services to expand the buyer’s market presence, a move that’s the third transportation industry acquisition announced this week.
July 26, 2016