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Trucking pioneer J. Harwood Cochrane, who founded LTL carrier Overnite Transportation Co. during the Depression, died at age 103 on July 25 in Richmond, Va.
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Trucking companies in both the less-than-truckload and truckload sectors reported lower second quarter profits on Thursday morning.
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Phrases such a “challenging freight market” and a freight environment that’s “less attractive” continued to be some of the buzz words Wednesday as another raft of second quarter corporate earnings washed ashore, while one company defied the trend with its net income soaring more than 300%.
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Isuzu Commercial Truck of America has opened a new complex that it is calling the Center of Excellence, comprised of a parts distribution center, training and technical assistance facility.
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China has taken a key step toward developing an international economic corridor for trade with the European Union and the rest of the world with the ratification of the United Nations TIR Convention.
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Same-dealer sales volumes of Used Class 8 trucks recovered in June, posting a double digit month-over-month increase following a sharp decline in May.
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National average spot freight rates for dry vans and reefers each slipped slightly over the past week while the average flatbed rate made a small gain for the third consecutive week, according to new figures from DAT Solutions, based on its network of load boards.
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While new orders for manufactured durable goods plunged in June, a closely watched economic indicator shows a gain for the first time in three months, as a separate report shows a big hike in new home sales and another is calling for even better retail sales.
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The second quarter earnings season continued on Tuesday with companies ranging from a fleet and 3PL to a trailer maker and mega-dealer, with all but one reporting higher earnings than the same time last year.
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Money is lending credibility to a new crop of Uber-like trucking startups, with two large investment firms recently spending millions of dollars to fund the startups Transfix and CargoX.
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