Business

Allison Transmission Holdings reported its second-quarter net income increased on continued recovery of the North American on- and off-highway markets.

Senators have reached an agreement on how to debate a highway funding bill, setting up floor votes on the measure early next week, Majority Leader Harry Reid (D-Nev.) said.

Norfolk Southern Corp. said its second-quarter profit increased 21% and revenue rose 9%.

German truck and auto maker Daimler AG reported a 6% increase in second-quarter revenue, but net profit declined after a large gain last year from the sale of its stake in Airbus’s parent company.

Canada’s two major freight railroads reported higher second-quarter earnings from a year ago, recovering from challenging winter conditions last quarter.

Landstar System reported its second-quarter net income rose to $35.9 million, or 80 cents per share, from $30.4 million, or 66 cents, a year ago.

Truck-dealer chain Rush Enterprises Inc.’s net income increased in the second quarter, and Class 8 sales jumped 74%.

Forward Air Corp. increased net income to $17.2 million, Inc., a 24% improvement, helped by primarily increased freight volume.

I.D. Systems Inc., which sells the VeriWise brand of asset-tracking products, said it has appointed former Omnitracs executive Norm Ellis as its chief operating officer.

American Trucking Associations’ seasonally adjusted truck tonnage index rose 2.3% on a year-over-year basis last month, capping a second quarter when freight levels improved from earlier in 2014, the federation reported.