Trucking companies releasing their first quarter earnings on Thursday continued a trend seen this earnings season of better results than a year ago, despite drags from winter storms, with Schneider and Old Dominion Freight Line setting company records.
David Wangler, head of TMW Systems and president of Trimble Transportation Enterprise, died suddenly April 26. He was 56.
Overall economic activity in the U.S. cooled slightly in the first quarter of the year as consumer spending eased, but the performance was better than analysts were expecting.
Daimler AG, parent company to names such as Freightliner, Western Star, Detroit Diesel, Mercedes, Fuso and others, reported on Friday that its first quarter profit slipped – despite record-setting vehicle sales.
An amendment written to resolve the issue of preemption by individual states of federal hours-of-service rules for truck drivers was passed on April 26 by a solidly bipartisan vote of 222-193 as part of the FAA Reauthorization Act currently being debated by the House of Representatives.