New-home sales in the U.S. increased to an almost 13-year high in June, fueled by record-low borrowing costs and adding to evidence that residential real estate is a bright spot for the economy.
July 24, 2020BusinessLogisticsTop 50Top 100
Landstar Reports Lower Net Income in Q2
Landstar System Holdings Inc. on July 22 reported second-quarter net income and revenue were down compared with last year’s levels.
July 23, 2020BusinessLogisticsTop 50
Echo Global Reports $514 Million in Q2 Revenue
Echo Global Logistics saw a large drop in profit but a smaller decline in revenue during the second quarter.
July 23, 2020GovernmentBusinessFuelLogisticsTop 100
Baker Hughes Bracing for Second Wave of COVID-19 Lockdowns
Baker Hughes Co. is bracing for a second wave of pandemic-induced lockdowns after the virus crippled economic activity around the world and compounded a historic oil bust.
July 22, 2020BusinessLogistics
Canadian National Q2 Earnings Squeezed by Pandemic
Canadian National Railway is the latest Class I railroad to feel the impact of the COVID-19 pandemic.
July 22, 2020GovernmentBusinessLogistics
DOD Re-Awards $7.2 Billion Household Goods Moving Contract
The Department of Defense has re-awarded a $7.2 billion household goods moving contract just two weeks after it had pledged to take corrective action on the contested award by two competitors.
July 22, 2020GovernmentBusinessLogistics
US Sales of Existing °®¶¹´«Ã½s Jump 20% After 3-Month Slump
Americans stepped up their home purchases in June by a robust 20.7% after the pandemic had caused sales to crater in the prior three months. But the housing market could struggle to rebound further in the face of the resurgent viral outbreak and a shrinking supply of homes for sale.
July 22, 2020BusinessTechnologyLogistics
Banyan Debuts LTL Freight Pricing App
Freight pricing data provider Banyan Technology has launched a real-time data connectivity platform called Insights that is designed to help less-than-truckload carriers balance and maximize capacity on their networks, and also provide measurable savings for shippers, the company said.
July 21, 2020BusinessLogisticsBreaking News
June Tonnage Dips 1.3% Year-Over-Year
Truck tonnage in June declined 1.3% when compared with year-ago levels, but on a monthly basis surged 8.7% above May.
July 21, 2020GovernmentBusinessTechnologyFuelLogistics
Ford, VW Electric Models May Be Delayed by Trade-Secret Fight
Ford Motor Co. and Volkswagen AG warned a swirling legal dispute between two South Korean battery suppliers could threaten their plans to start producing electric vehicles in the U.S.
July 21, 2020