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Financial losses for XPO Logistics Inc. widened in the third quarter of the year despite it increasing total revenue more than 200% from the same time a year ago, following several acquisitions, but company officials insist they are headed toward profitability.
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Bulk and chemical logistics provider Quality Distribution Inc. has reported a 9.7% increase in revenue in the third quarter of the year compared to a year ago while earning increased by an even wider margin.
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Knight Transportation Inc. CEO Kevin Knight will step down from part of his role with the company on Jan. 1.
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Daimler Trucks North America announced that October was the company’s best month for orders of Class 6-8 trucks with 31,304 units ordered in NAFTA and export markets.
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Activity in the U.S. non-manufacturing sector continued growing in October, but not as fast as the month before.
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The Republican sweep in the mid-term elections changes the players, but it is too soon to know how it will affect transportation policy.
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Demand for commercial vehicles in the U.S. and Canada continues to strengthen, though used commercial vehicle registrations still outnumber new registrations.
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The average spot van rate on DAT load boards was unchanged at $2.01 per mile for the week ending Nov. 1 compared to the previous seven days, according to DAT Solutions, which operates the DAT network of load boards
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The state of Nevada approved the use of AutoSock’s textile traction devices as alternatives to metal chains in snowy conditions. Nevada had required the use of chains in certain operating conditions.
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The high “take” for Volvo Engines and Automated Transmissions reflects customer satisfaction with the efficiency and reliability of the products, the company says.
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