Senate Panel to Examine Truck Safety July 29
Safety concerns stemming from several recent truck accidents have prompted Senate transportation leaders to schedule a hearing July 29 to press regulators about their initiatives for improving highway safety.
July 24, 2014Covenant’s Net Income Rises to $3.8 Million
Covenant Transportation Group reported its second-quarter net income doubled to $3.8 million, or 25 cents per share, from $1.9 million, or 13 cents, a year ago.
July 24, 2014Court Approves OOIDA-C.R. England Settlement
A Utah U.S. District Court judge has approved a settlement requiring motor carrier C.R. England to pay a class of independent-contractor truck drivers $3 million in damages and attorney fees for alleged “truth-in-leasing” violations.
July 24, 2014Caterpillar’s Profit Rises to $999 Million
Heavy-equipment maker Caterpillar Inc.’s second-quarter profit rose to $999 million, or $1.57 a share, from $960 million, or $1.45 a year ago, but sales declined.
July 24, 2014Knight’s 2Q Income Rises 36%
Knight Transportation’s second-quarter earnings rose 36% to $25.8 million, or 31 cents per share on higher demand.
July 24, 2014Union Pacific Net Income Rises 17%
Union Pacific Corp.’s second-quarter net income rose 17% to $1.29 billion, or $1.43 per share, continuing a trend of profit growth reported by other railroads.
July 24, 2014Mullen’s 2Q Income Dips
Canadian transportation firm Mullen Group said net income fell in the second quarter as the Canadian economy grew little.
July 24, 2014Jobless Claims Decrease to Eight-Year Low
The number of Americans filing applications for unemployment benefits dropped last week to the lowest level in more than eight years.
July 24, 2014June Trailer Orders Jump 44%
New trailer orders jumped 44% in June from a year ago as high demand for new equipment continued into the summer, ACT Research reported.
July 23, 2014Ryder’s Second-Quarter Net Income Rises
Ryder System said its second-quarter earnings rose from a year ago, as its fleet management and supply chain units revenue increased.
July 23, 2014