Hub Group Reports Record Profit in Second Quarter
Earnings hit $18.7 million compared to $18.6 million in the second quarter of 2013 for the Illinois-based company.
Earnings hit $18.7 million compared to $18.6 million in the second quarter of 2013 for the Illinois-based company.
Spot market freight rates has declined across the board in the most recent week, following healthy gains the week before, according to the freight matching service provider DAT.
Prices at the wholesale level rose 0.4% in June from the month before, according to new U.S. Labor Department figures, following a 0.2% decline in May and a 0.6% advance in April.
Orbcomm this week successfully launched six next generation OG2 telecommunication satellites aboard a SpaceX Falcon 9 rocket from Cape Canaveral Air Force Station, Florida, to provide faster data systems to customers and increasing the company’s overall network capacity for customers in trucking and other fields it serves.
More than 44,000 drivers and their families as well as local residents flocked to the Iowa 80 Truckstop in Walcott, Iowa, last week during the 35th Walcott Truckers Jamboree.
Drivers traveling on Interstate 35W in Bloomington and Burnsville, Minn. will encounter detours in both directions from 10 p.m. Friday, July 18 through 5 a.m. Monday, July 21, weather permitting.
U.S. Transportation Secretary Anthony Foxx received a report this week from the Department of Transportation’s National Freight Advisory Committee making 81 recommendations to improve the performance of the nation’s freight transportation system.
Congress is inching closer to passage of a stopgap measure to prevent the Highway Trust Fund from drying up this summer. The House this week passed a $10.6 billion bill and the Senate is going to choose between a similar measure or a long-term bill.
Maverick Transportation has recently announced several changes to their driver pay scale, including substantial mileage pay increases, which will impact all incoming drivers no matter their experience.
Peterbilt plans to bring a large collection of new and historic trucks, memorabilia, vendors and a charity raffle for a classic Model 359 to its anniversary show in Stockton, Calif.
Ford feels it has bragging rights and showed why at a ride-and-drive event for trade-press reporters this week in West Virginia. A first-person report from Senior Editor Tom Berg.
Navistar has started customer shipments of its International DuraStar and WorkStar trucks with the company's 9.3-liter diesels fitted with selective catalytic reduction emissions-aftertreatment equipment.
J.B. Hunt Transport Services announced Tuesday second quarter 2014 net earnings of $93.4 million, or diluted earnings per share of 79 cents, compared to second quarter 2013 net earnings of $87.7 million, or 73 cents per diluted share, a 6.5% increase.
Retail sales increased in June, according to a new Commerce Department report, but the gain was far less than analysts were expecting.
Zenith Motors LLC, a manufacturer of electric vans, recently announced that it is the first auotmaker to receive a U.S. Environmental Protection Agency (EPA) Certificate of Conformity for an electric commercial van.
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