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Tennessee-based Covenant Transportation Group said net income totaled $3.8 million, or 25 cents per share, compared with net income of $1.9 million, or 13 cents per share in the second quarter of 2013.
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New home sales dropped in June and the Commerce Department revised the extraordinarily strong May figures downward.
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After regulators failed to agree to a nationally recognized, gallon-equivalent measure for sales of liquefied natural gas, fleets that rely on LNG-fueled vehicles will continue to face a state-by-state patchwork of standards for at least one more year.
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Forward Air has reported operating revenue for the quarter ended June 30, increased 21.3% to $193.9 million from $159.8 million for the same quarter in 2013.
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Demand remained strong and rates were above the norm, despite a slight seasonal decline during the week ending July 19 compared to the previous seven days, according to the freight matching service provider DAT and its network of load boards.
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Landstar System has reported record second quarter net income of $35.9 million, or 80 cents per diluted share, on record revenue of $814 million in the 2014 second quarter.
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The Senate is poised to debate and vote on a patch to keep the Highway Trust Fund solvent until a long-term program can be funded. The question for debate is, how long will the patch last?
Read More →Six members of the Owner-Operator Independent Drivers Association filed a class-action suit against the Federal Motor Carrier Safety Administration last week under the Federal Privacy Act charging that the agency is unlawfully disseminating reports of driver safety records to potential employers.
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Trucking company and logistics provider Knight Transportation has reported a second quarter profit showing a 36% increase from the same time a year ago.
Read More →Truckers who share interesting photos of their trucks with Alcoa wheels can share them on Twitter and Instagram for a chance to win merchandise from the company.
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