Volvo Group reported increased revenue and net income in the third quarter as deliveries of trucks rose 21%, with the strongest revenue coming from Europe as fleets replaced aging trucks — prompting a record for both truck production and delivery.
October 20, 2022Trucking 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.
Packed MCE Agenda Includes Buttigieg, Hutcheson
Appearances by two of the nation’s top federal transportation leaders, Pete Buttigieg and Robin Hutcheson, highlight the agenda for American Trucking Associations’ annual Management Conference & Exhibition.
October 20, 2022FMCSA Chief Robin Hutcheson Prioritizes Parking, Workforce, Supply Chain
Robin Hutcheson, the newly confirmed administrator of the Federal Motor Carrier Safety Administration, pointed to resources the Biden administration is directing to state agencies for alleviating parking concerns.
October 20, 2022Landstar Reports Highest Revenue for Any Q3
Landstar System Inc.’s revenue and diluted earnings per share both set third-quarter records, the company reported Oct. 19.
October 20, 2022September Trailer Orders Highest Since March
U.S. trailer orders in September just cleared 25,000 and, while down about 10% compared with a year earlier, were the highest since first quarter, ACT Research reported.
October 20, 2022Knight-Swift Reports 15.5% Rise in Revenue to $1.9 Billion for Q3
Knight-Swift Transportation Holdings Inc. saw mixed financials amid ongoing efforts to strengthen segment results during the third quarter, the company reported Oct. 19.
October 20, 2022Tesla Sales Rise, but Revenue Still Lower Than Expected
Tesla Inc. shares declined in early trading after the electric car maker reported lower-than-expected revenue and acknowledged it isn’t immune from economic headwinds.
October 20, 2022Solera’s Spireon Introduces Next-Gen Cargo Sensor
Asset-tracking technology provider Spireon has introduced its next-generation cargo sensor, designed to give motor carriers more detailed information about available trailer capacity.
October 20, 2022Consumers Expecting Issues in Survey on Holiday Supply Chain Issues
While retailers started preparing for the holiday season even earlier this year, consumers are still haunted by the ghost of supply chain past, survey data shows.
October 20, 2022Biden Says More Oil Releases Possible to Cut Gas Prices
President Joe Biden announced the drawdown of an additional 15 million barrels of oil from U.S. emergency reserves, as well as what he called a “ready and release plan” aimed at driving down gasoline prices.
October 19, 2022Trending
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