Used Class 8 Average Price Soars Past $60,000
The average price for a used Class 8 soared to a new high for the third consecutive month as June sales climbed year-over-year amid the lowest inventory levels yet in this cycle, ACT Research reported.
July 29, 2021TuSimple, Ryder Partner on Terminals for Autonomous Trucks
Self-driving truck developer TuSimple and Ryder System Inc. announced a partnership intended to leverage select Ryder fleet maintenance facilities to serve as terminals on TuSimple’s Autonomous Freight Network.
July 29, 2021Old Dominion Freight Line Reports Record Revenue for Q2
Old Dominion Freight Line saw net income increase year-over-year by 82.4% during the second quarter of 2021, the company reported July 28.
July 29, 2021Wabash Reports Higher Q2 Results
Wabash National Corp. announced plans to dedicate more space to building dry van trailers as it reported gains in second-quarter income and revenue as trailer shipments rose to meet strong customer demand.
July 29, 2021XPO Posts Q2 Profit on Record Revenue
Lifted by the highest revenue of any quarter in its history, XPO Logistics Inc. swung its second-quarter bottom line to a profit from a loss in the year-ago period.
July 29, 2021Ford Posts Surprise Profit on Surging Prices of Scarce Cars
Ford Motor Co. overcame a critical parts shortage and managed to post a surprise profit in the second quarter, thanks to surging prices on models that have become harder to find on dealer lots.
July 29, 2021Werner Gets ‘En Banc’ Review of $89.7 Million Verdict
After a nearly three-year delay, a Texas appellate court has voted for all of its nine justices to take over an appeal of an $89.7 million lower court jury verdict against Werner Enterprises in a 2014 fatal accident that the motor carrier has steadfastly maintained was not its driver’s fault.
July 29, 2021Toyota Defies Chip Shortage to Post Record Output, Sales
Strong global demand for cars boosted Toyota Motor Corp.’s sales to a record for the month of June, with production seemingly unfazed by an industrywide shortage of semiconductors.
July 29, 2021After Infrastructure Deal, Senate Votes to Take Up Bill
WASHINGTON — The Senate voted the night of July 28 to begin work on a nearly $1 trillion national infrastructure plan, acting with sudden speed after weeks of fits and starts once the White House and a bipartisan group of senators agreed on major provisions of the package that’s key to President Joe Biden’s agenda.
July 29, 2021Echo Global Logistics Posts Q2 Gains
Echo Global Logistics reported large gains in both income and profit for the second quarter as it experienced record performance in both its managed transportation and brokerage businesses.
July 28, 2021