Freight, Agriculture Stakeholders Express Support for USMCA Trade Deal
WASHINGTON — Derek Leathers, the top executive of Werner Enterprises, joined other business leaders for a hearing on Capitol Hill on July 30 to call on lawmakers to approve a landmark new trade deal with Canada and Mexico.
July 30, 2019Covenant 2Q Transport Revenue Up, Net Income Down
Covenant Transportation Group Inc. reported earnings of 33 cents per share on $6.1 million in net income in the quarter ending June 30, the company said in a July 24 news release.
July 29, 2019Forward Air Sets Revenue Record in 2Q
Forward Air Corp.’s net income dropped 8.2% from the same quarter last year, the Greeneville, Tenn.-based company reported July 26. But at the same time, the company set a second-quarter record for revenue.
July 26, 2019TFI International Reports Record Operating Income for 2Q
TFI International reported record results for its second quarter ending June 30, the company said in a July 25 press release.
July 26, 2019China Rejects FedEx’s Defense for Rerouted Huawei Packages
China rebuffed FedEx Corp.’s claims that it mistakenly rerouted some Huawei Technologies Co. packages to the U.S. and warned that authorities found other violations by the American delivery firm, raising concern the company could face repercussions from Beijing.
July 26, 2019Mullen Group’s Revenue Jumps 7.9% as Oil Service Remains in Demand
Canadian carrier Mullen Group Ltd. increased revenue by C$23.3 million, or 7.9%, to $319 million in the second quarter ended June 30, according to a company news release.
July 25, 2019ODFL Sets Company Records as Earnings, Revenue Rise
Less-than-truckload carrier Old Dominion Freight Line reported higher net income and revenue in the second quarter as it achieved, amid lower shipments and tonnage, company records for revenue, operating ratio and earnings per diluted share.
July 25, 2019UPS Announces Strong 2Q Earnings
United Parcel Service Inc. reported second-quarter earnings benefiting from rising demand for its Next Day Air and Ground delivery services.
July 24, 2019UPS Will Go to Seven-Day Ground Service in 2020
UPS Inc. is joining the seven-day-a-week delivery business, announcing July 23 that beginning Jan. 1, 2020, the Atlanta-based shipping giant will add Sunday nationwide ground service.
July 23, 2019Availability of Medium-Duty E-Trucks Is Limited as Testing Continues
Battery-electric medium-duty trucks may have a bright future due to their potential to reduce operational costs and improve sustainability. But currently, the availability of these trucks is limited as testing continues.
July 23, 2019