UPS First Quarter Profit Tops $1 Billion
Profit for package delivery and trucking giant UPS Inc. increased 12.6% in the first quarter from the same time in 2014.
Profit for package delivery and trucking giant UPS Inc. increased 12.6% in the first quarter from the same time in 2014.
Cummins Inc. reported its first quarter profit increased 14% from the same time a year ago, totaling $387 million, driven by stronger demand in on-highway markets and distributor acquisitions in North America.
Swift Transportation Co. tripled its net income in the first quarter of the year, totaling $37.8 million, or diluted earnings per share of 26 cents, compared to $12.3 million, or 9 cents per share a year earlier.
The average U.S. cost of on-highway diesel moved higher on Monday for the second straight week as oil prices also gained last week.
Truck component supplier Accuride Corp. nearly broke even the first quarter of the year after losing more money a year earlier.
A legal challenge of the Environmental Protection Agency's greenhouse gas emissions standards for heavy-duty trucks has failed after an appeals court found the California trucking groups that had filed suit lacked standing.
Hundreds of truckers from companies servicing the Ports of Los Angeles and Long Beach have walked off the job to protest what they say are unfair labor practices due to improper employee classification.
A Volvo Group subsidiary is investing in Peloton Technology, which is working on a truck "platooning" system that would save fuel and reduce congestion by allowing trucks to travel in a close-following "platoon" on the highway.
Growth in the U.S. service sector during April eased from a seven-month high in March, according to the financial information services provider Markit, but numbers still point to strong start to the second quarter.
Omnitracs, LLC has launched an informational website on the upcoming electronic logging device mandate-- www.ELDfacts.com.
A truck crash that killed five nursing students in Georgia is leading to renewed calls from one safety advocacy group for mandating collision avoidance systems on heavy trucks.
March used Class 8 truck sales jumped 14% over February to 2,770 units for the month according to the latest report from ACT Research.
The OOIDA has provided the FMCSA and the NHTSA with research showing a lack of scientific evidence supporting a speed limiter mandate and saying that enforcing the rule would make highways less safe.
Orders for big ticket, long lasting durable goods increased 4% in March, the biggest gain in eight months, but a key indicator of business investment fell for the second consecutive month.
The American Trucking Associations remains committed to seeing a surface transportation package passed this year that will ensure a long-term fix for the Highway Trust Fund.
media brand
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In