Consumer Confidence Drops, Service Sector Rebounding
UPDATED -- Economic Watch: Consumers are not feeling quite as rosy about the U.S. economy, while a separate report shows a rebound in economic conditions for the U.S. services sector.
UPDATED -- Economic Watch: Consumers are not feeling quite as rosy about the U.S. economy, while a separate report shows a rebound in economic conditions for the U.S. services sector.
Trucking and parcel delivery giant UPS reported a huge increase in its second quarter profit – 170% – despite a slight drop in revenue.
Truck engine manufacturer Cummins increased both second quarter revenue and net income, while truck and engine maker Paccar reported record quarterly net income.
UPDATED: An issue unrelated to transportation may keep the House from taking up the Senate's six-year highway bill. The clock is ticking as funds run out midnight Friday and the House is leaving for August recess.
Truckload giant Swift Transportation increased its second quarter profit by more than 20% from a year ago despite an overall downturn in revenue.
The California Construction Trucking Association has been renamed the Western States Trucking Association in a move to better represent its more diverse membership.
Freight volumes are projected to grow nearly 29% over the next 11 years, according to a report released by American Trucking Associations.
New orders and shipments for manufactured durable goods rebounded in June following two straight monthly drops, while business investment also turned around, according to the Commerce Department.
As of late Sunday evening, Senate Majority Leader Mitch McConnell had managed to steer the multi-year highway bill introduced last week beyond some legislative potholes that had threatened to slow the process of getting the measure to the House for consideration.
Sales of newly built, single-family homes in the U.S. dropped 6.8% in June from the previous month but are still up 18% over last year.
The asset-light freight transportation and logistics provider Universal Truckload Services reported second quarter net income of $13.3 million, down just slightly from $13.6 million a year earlier.
Are drivers who handle the drayage of intermodal containers into and out of the nation's ports employees or independent contractors? The controversy was visible this week at ports on both coasts.
Earnings season continued on Thursday, with results reported by the world’s largest truck manufacturer along with results from one component supplier and a major owner-operator trucking company.
Drivers should expect delays and a detour on westbound Interstate 94 in St. Paul, Minn., according to the Minnesota Department of Transportation.
Mack Trucks has activated its GuardDog Connect integrated telematics solution in more than 25,000 models since the product launched in 2014.
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