House Schedules Vote On Trust Fund Rescue
House GOP leaders scheduled a floor vote July 31 on their original $11 billion plan to shore up a cash-strapped federal highway account through May, in order to prevent the Department of Transportation from having to delay payouts to states Aug. 1.
July 31, 2014Profit Rises 27% at Old Dominion
Old Dominion Freight Line Inc. said second-quarter net income improved 27% to $73.8 million, or 86 cents per share, as freight volumes and rates increased.
July 31, 2014ArcBest Net More Than Triples
ArcBest Corp. more than tripled second-quarter net income to $17.2 million, or 63 cents per share, driven by stronger less-than-truckload and logistics results.
July 31, 2014Meritor Posts Fiscal 3Q Profit
Truck component supplier Meritor Inc. reported net income of $234 million, or 2.31 per share, in its fiscal third quarter ended June 30, reversing a loss of $38 million, or 39 cents, in the same period last year.
July 31, 2014USA Truck Reports First Profit in Three Years
USA Truck Inc. reported its first quarter of positive income in three years on improved revenue, especially in its logistics business.
July 31, 2014Jobless Claims in Past Month Drop to Eight-Year Low
Fewer Americans filed applications for unemployment insurance benefits over the past month than at any time in more than eight years, signaling employers are hanging on to workers as demand improves.
July 31, 2014Con-way’s 2Q Income Improves
Con-way Inc.’s second-quarter profit rose as its truckload, less-than-truckload and logistics operations all improved.
July 31, 2014Roadrunner’s Second-Quarter Income Rises
Roadrunner Transportation Systems’ second-quarter net income increased to $14.8 million, or 38 cents per share, from $14 million, or 37 cents.
July 30, 2014Daimler Trucks North America’s Vocational Truck Sales Rise
YOUNTVILLE, Calif. — Daimler Trucks North America said it is reaping returns in sales of heavy- and medium-duty vocational trucks based on the investments and planning that started during the depths of the recession.
July 30, 2014Saia Reports Second-Quarter Income Rises Slightly
Less-than-truckload carrier Saia Inc. reported second-quarter income increased slightly from a year ago, but operating income declined.
July 30, 2014