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Congress is inching ever closer to the edge of insolvency for the Highway Trust Fund. On Thursday afternoon the House rejected the Senate’s bill to patch the Fund into December and sent its original bill back to the upper chamber.
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CRST International’s Board Chairman John Smith and President and CEO, Dave Rusch, broke ground on the former First Street Parkade site for the new $37 million world headquarters in downtown Cedar Rapids, Iowa.
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Accuride Corp. says its Fix and Grow strategy is working, reporting operating income for the second quarter doubled year over year. The first half of 2014 is the first time it's reported positive net income since 2007.
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Daniels Tired Service, a 14-location commercial, consumer and OTR tire dealership is celebrating 75 years as a Goodyear Tire and Rubber customer.
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The asset-light trucking and logistics service provider, Roadrunner Transportation Systems, has reported a small increase in its second quarter profit while revenue gained 36.6%.
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Sales were down slightly for Meritor in its third fiscal quarter, but partly thanks to a settlement of an antitrust suit with Eaton, it saw net income of $234 million, compared to a net loss of $38 million in the same period last year.
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“While continuing the work of implementing our turnaround plan, the progress we are making is evident in virtually every area of our business,” said President and CEO John Simone.
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A new study has confirmed that state enforcement disparities create uneven safety playing fields for motor carriers that have different operating patterns and mileage exposure in the lower 48 states.
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Less-than-truckload carrier, Old Dominion Freight Line, posted a 19.1% increase in its second quarter revenue while profit gained by a wider margin.
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Trucking company and logistics parent Con-way Inc. has reported second-quarter net income of $53.7 million, or 93 cents per diluted share. This compares to second-quarter 2013 net income of $42.9 million, or 75 cents per diluted share.
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