19 Jul Haldex Rides Market Strength to Higher Earnings Commercial vehicle brake supplier Haldex AB reported net income more than quadrupled as revenue rose 16% in the second quarter amid market strength in all of its geographic regions. Read more...
19 Jul Staffers for Key Transportation Lawmakers Consider Funding Solutions WASHINGTON — Lawmakers will likely start seriously exploring a solution for the diminishing Highway Trust Fund next year, according to Miles Chiotti, legislative director for Rep. Rodney Davis (R-Ill.) Read more...
19 Jul Heartland Profits Jump 22% in 2Q as Revenue Rises Heartland Express reported second-quarter net income of $17.8 million, or 22 cents per share, a 22% increase from $14.6 million, or 18 cents, recorded in the second quarter of 2017. Read more...
19 Jul How General Motors Became a Force in Autonomous Sector GM Cruise, is running neck-and-neck with Waymo, a subsidiary of Google, to be first to bring fully autonomous cars to market. The two companies are considered the leaders in a crowded field, and San Francisco is the proving grounds to refine the technology. Read more...
19 Jul Holland Addresses Driver Shortage With Veteran Training Programs The expanded training program at Holland, a regional less-than-truckload transportation provider, is chipping away at the driver shortage problem by training veterans to become professional, full-time truckers. Read more...
19 Jul Amazon Logistics Seen as Way to Owning a Delivery Business Amazon.com has nearly 200 warehouses, a fleet of trucks and airplanes, and even its own delivery drones — yet the company has determined that is not enough to satiate its booming demand. Read more...
19 Jul House OKs Bill to Delay TWIC Deployment at High-Risk Facilities The U.S. House of Representatives has approved legislation calling for a delay in deploying thousands of biometric readers for transportation security cards at the nation’s high-risk ports and commercial facilities. Read more...
19 Jul J.B. Hunt Chairman James Thompson Sells Over $1.9 Million of Shares JB Hunt Transport Services Inc. Chairman James K. Thompson sold $1.98 million of shares, according to a filing with the U.S. Securities & Exchange Commission. Read more...
19 Jul Fed Beige Book Cites Trucking Woes as Drivers Prove Hard to Find American businesses want to keep trucking along, but they’re running into a persistent roadblock: a driver shortage amid high demand for freight services. Read more...
19 Jul Volvo Profits Jump 47% on Sales Growth Volvo AG reported second-quarter operating income of $1.4 billion, or 50 cents a share, a 47% increase from $939 million, or 32 cents, in the same period a year ago. Read more...