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Earnings Watch: Volvo Group Profit Rises 59%

Second-quarter profit for the Sweden-based truck and engine manufacturer Volvo Group rose 59% from a year ago.

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Earnings Watch: Marten Transport Profit Increases Nearly 50% from Year Earlier

Marten Transport Ltd. has reported a near 50% improvement in net income for the second quarter of the year compared to a year ago.

J.B. Hunt Second Quarter Profit Jumps, Totaling $150 Million

Freight transportation provider J.B. Hunt Transport Services announced second quarter 2018 net earnings of $151.7 million. That’s up more than 50% from the same time a year ago, beating analysts’ expectations.

Van, Reefer Spot Freight Rates Skyrocket

For the week of the Fourth of July, truckload freight rates hit new highs in the van and reefer segments, according to DAT Solutions’ weekly spot freight overview.

On Tariffs, Trade Wars, and Unintended Consequences

Trucking largely supported Donald Trump for president because of his promises to reduce regulation (which he’s been working on) and put in place pro-business policies (such as the tax cut.) But his trade war has a great many businesses concerned, if not up in arms – and it could even affect the economy.

Spot Van Rate Rises to Another High as Reefers, Flatbeds Move Little

Urgency to move freight before the end of the second quarter and ahead of the Fourth of July holiday helped propel the national average spot van rate to $2.32 per mile during the week ending June 30.

Average Spot Truckload Van Rate Hits New High

The national average spot truckload van rate on the DAT Solutions network of load boards moved only a little higher for the week ending June 23 but it was enough to push it to a new all-time high.

Spot Truckload Rates Poised to Set Records in June

Spot truckload rates on the DAT Solutions network of load boards rose again for the week ending June 16 and are on track to achieve the highest ever monthly average for van, refrigerated, and flatbed freight.

Earnings Watch: FedEx Quarterly Profit Tops $1 Billion Mark Again

Quarterly profit for parcel delivery and trucking company FedEx Corp., topped $1 billion once again.

May ATA Truck Tonnage Index Still Shows Strong Freight Market

The May Truck Tonnage Index increased slightly from the previous month and still reflects one of the best freight markets ever, according to American Trucking Associations.