CSX Corp. became the latest Class I freight railroad to report lower earnings because of the COVID-19 pandemic when it reported second-quarter results July 22.
July 27, 2020Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Mullen Reports Decline in Q2 Net Income
Mullen Group Ltd. posted a second-quarter profit, albeit at a lower level than a year earlier, as it benefited from e-commerce shipments even as the motor carrier’s sales to the energy industry declined.
July 24, 2020Ryder Offers Workhorse Electric Step Van
Workhorse Group Inc. announced Ryder System Inc. is offering the C-Series Workhorse all-electric step van and that Ryder will place the first group of Workhorse C 1000 vehicles through COOP.
July 24, 2020Penske to Add Another Freightliner eM2 in Southern California
Penske Truck Leasing announced it is working with EnerSys to put another battery-electric, medium-duty Freightliner eM2 into service.
July 24, 2020Stoneridge-Orlaco Announces SideEye Blind-Spot Detection System
Technology provider Stoneridge-Orlaco introduced active camera and radar detection system SideEye, which is intended to reduce blind spots and increase safety.
July 24, 2020FAA Warns 737s Sitting in Storage Are Corroding During the Pandemic
Boeing Co. 737 planes in storage because of the coronavirus pandemic are at risk of losing power in both engines when they fly again and must be inspected, aviation regulators said.
July 24, 2020Green Energy Companies Partner to Proliferate Hydrogen Trucks
Green energy companies ReCarbon and HYZON Motors partnered July 23 in an effort to propel hydrogen-powered truck projects globally.
July 24, 2020Paccar Parts Expands Distribution Network
Paccar Parts announced the opening of a new 163,000-square-foot parts distribution center in Ponta Grossa, Brazil.
July 24, 2020Oil Trading Profits Soar for Energy Majors Who Made Storage Bets
In March and April, as oil prices plunged to their lowest in a generation, Norwegian energy giant Equinor ASA was busy doing the opposite of what oil companies usually do: pumping as much crude as possible underground into giant caverns on the nation’s North Sea coast.
July 24, 2020Talbert Announces 55-Ton Traveling Axle Trailer
Talbert Manufacturing Inc. announced its updated 5553TA traveling axle trailer with a revised design, aimed at the rental, towing and recovery operations as well as general construction segments.
July 24, 2020Trending
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