Canadian Pacific reported reduced second-quarter earnings that company officials said was a direct result of reduced freight caused by the COVID-19 pandemic.
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.
Pelosi Presses GOP to Quickly Negotiate Virus Aid With Democrats
Deadlines looming, House Speaker Nancy Pelosi implored Republicans and the White House on July 27 to come quickly to the negotiating table with Democrats over the next coronavirus relief package to prevent unemployment assistance and an eviction moratorium from expiring for millions of Americans.
July 27, 2020Illinois Leaders Unveil $21.3 Billion Infrastructure Plan
Illinois Gov. Jay 鈥淛.B.鈥 Pritzker recently announced a $21.3 billion plan to improve roads and bridges throughout the state.
July 27, 2020Mack Launches Initial Production of New Medium-Duty Models
Mack Trucks reported initial production of its MD Series of medium-duty trucks has begun at its Roanoke Valley Operations facility in Salem, Va.
July 27, 2020Union Pacific Posts Profit, Revenue Declines in Q2
Class I railroad Union Pacific saw second-quarter income and revenue fall amid the coronavirus pandemic.
July 27, 2020World鈥檚 Supply Chain May Not Be Ready for COVID-19 Vaccine
The industries that shepherd goods around the world on ships and planes acknowledge they aren鈥檛 ready to handle the challenges of shipping an eventual COVID-19 vaccine from drugmakers to billions of people.
July 27, 2020Orders for Big-Ticket Manufactured Goods Jump 7.3% in June
Orders for big-ticket manufactured goods rose a solid 7.3% in June, the second big monthly gain as manufacturing tries to climb out of a spring slump triggered by the coronavirus pandemic.
July 27, 2020Trailer-Tracking Unit Furthers VHub Telematics Integration
Digital asset-sharing platform vHub announced that its integration of telematics offerings now includes the TrackLight taillamp GPS trailer-tracking solution from Anytrek and the 4W Telematics trailer tracking system.
July 27, 2020CSX Earnings Slump in Q2 Amid COVID-19 Pandemic
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, 2020Mullen 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鈥檚 sales to the energy industry declined.
July 24, 2020Trending
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