UPS Sees Profit Growth for First Time in Nearly Two Years
UPS Inc. posted a year-over-year increase in revenue during the third quarter of 2024 despite challenging market conditions, the company reported Oct. 24.
October 24, 2024Union Pacific’s Profit Grows 9%
OMAHA, Neb. — Union Pacific’s third-quarter profit grew 9% as the railroad delivered 6% more freight and continued to raise prices and streamline its operations.
October 24, 2024Clark Beverage to Open Distribution Facility in Kentucky
C.C. Clark will invest $129 million to build a corporate headquarters as part of a new 300,000-square-foot distribution center along Kentucky’s Interstate 65 corridor.
October 23, 2024Tesla Stock Rises After Q3 Earnings Beat Estimates
The company on Oct. 23 reported adjusted earnings of 72 cents per share for the quarter, above the average analyst estimate.
October 23, 2024Buttigieg: Truck Parking Central to Safety Mission
USDOT announced more than $4 billion in grants Oct. 21, including projects in Nevada, Ohio and Wisconsin that will add parking to existing facilities along interstate highways.
October 23, 2024Tesla’s Shrinking Margins Put Pressure on Upcoming Earnings
Shares of the Elon Musk-led company have fallen 12% this year through Oct. 22, while all of its Big Tech peers have advanced.
October 23, 2024Matador Increases 2024 Oil Output Projection by 5%
Dallas-based Matador now plans to produce an average of 98,500 to 101,500 barrels of oil per day in 2024, a 5% increase from the company’s previous projection.
October 23, 2024Economy: ATA's Bob Costello Anticipates Freight Market Rebalancing
American Trucking Associations Chief Economist Bob Costello on Oct. 14 highlighted how the freight market is set to slowly improve as equipment and demand rebalance.
October 23, 2024Old Dominion Sees First Year-Over-Year Revenue Drop in 2024
Old Dominion Freight Line experienced a slight decline in third-quarter revenue amid ongoing market softness, the company reported Oct. 23.
October 23, 2024Birla Carbon to Open $1B Graphite Plant in South Carolina
The company will build a 435,000-square-foot facility in Orangeburg County to launch next-generation synthetic graphite production operations.
October 23, 2024