Truck dealership Rush Enterprises Inc. reported first-quarter declines in net income and revenue, citing unprecedented times.
April 23, 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.
Instacart Doubled Workforce in a Month
Instacart Inc. more than doubled the number of people who pick and deliver groceries to customers over the past few weeks and said it will add an additional 250,000 in the next two months, a response to unprecedented demand for the service.
April 23, 2020Landstar Reports $927.6 Million Revenue for Q1
Landstar System Inc. reported lower first-quarter net income of $40.9 million, or diluted earnings per share of $1.04, compared with $63.3 million, or $1.58, in the same period a year ago.
April 23, 2020Auto Plants Approach Reopenings, Putting Pressure on Detroit
Automakers are cautiously coalescing around plans to reopen North American assembly plants early next month following what will be a roughly six-week shutdown for virtually the entire industry.
April 23, 2020Old Dominion Q1 Profit, Revenue Keep Pace
Old Dominion Freight Line Inc.’s first-quarter profit and revenue held steady as the motor carrier didn’t start to see business erode from the coronavirus pandemic until the start of April.
April 23, 2020IoT Device Management for Today's Connected Fleet
Effective IoT management can improve fleet efficiency, empower drivers to save time and money on the road, and make hardware purchases more cost-effective. Please join Samsung and Platform Science to learn best practices for managing IoT in today's world of connected fleets.
April 23, 2020Heartland Express Reports Q1 Net Income of $13.2 Million
Heartland Express Inc. reported a 23.6% drop in first-quarter net income to $13.2 million, or 16 cents per share, from $17.3 million, or 21 cents, in the same period a year ago.
April 23, 2020March Net Trailer Orders Dip Below 7,600, ACT Research Says
Net U.S. trailer orders slipped below 7,600 in March as cancellations sliced the gross tally nearly in half, and production slowed, ACT Research reported.
April 23, 2020Carmakers Pledge 5 Million ‘Talking Cars’ in FCC Airwaves Bid
The U.S. auto industry will deploy millions more wireless systems to help prevent traffic collisions if the Federal Communications Commission abandons a proposal that would take away most of the radio frequencies reserved to carry those signals, according to an industry trade association.
April 23, 2020Anguish Grows in Russia Oil Sector Overwhelmed by Price Fall
As Russia’s small oil producers struggle to survive a historic price crash, some say in private they wish they could just set their crude ablaze.
April 23, 2020Trending
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