03 Aug Sirva Acquires Amsterdam-Based Team Relocations Sirva Inc.’s first move since being acquired by the private equity investment firm Madison Dearborn Partners is to expand its moving and storage business in Europe with the purchase of Team Relocations, a relocation and move management company based in Amsterdam. Read more...
03 Aug Tesla Burns $739.5 Million in Cash on Way to Record 2Q Loss Electric car maker Tesla Inc. burned through $739.5 million in cash last quarter, paving the way to a company record $717.5 million net loss as it cranked out more electric cars. Read more...
03 Aug Toyota Logs Record Quarterly Profit, Cuts Full-Year Sales Outlook TOKYO — Toyota Motor Corp. logged a better than expected performance in the last quarter, reporting Aug. 3 that its quarterly profit jumped 7.2% to a record 657.3 billion yen ($5.9 billion), thanks to strong sales in the United States and other overseas markets. Read more...
03 Aug US Trade Deficit Widens by $46.3 Billion in June WASHINGTON — The U.S. trade deficit widened in June for the first time in four months as exports fell and imports grew. Politically sensitive trade gaps with China, Mexico and Canada increased. Read more...
03 Aug China Plans Tariffs on $60 Billion of Imports to Counter Trump China announced a list of $60 billion worth of U.S. imports it plans to apply tariffs on should the Trump administration follow through with its latest trade threats. Read more...
03 Aug U.S. Xpress Revenue Grows 21.4% in Past Year A three-year turnaround in the operations and culture at U.S. Xpress Enterprises helped the Chattanooga, Tenn., trucking firm raise more than $250 million in an initial stock offering in June and deliver its best operating ratio in two decades this spring. Read more...
02 Aug Hub Group Explores 'Strategic Alternatives' for Freight Brokerage Unit Hub Group is exploring a possible sale of Mode Transportation, an operating unit that provides truck and rail freight brokerage and logistics services. Read more...
02 Aug Class 8 Orders in July Reach All-Time High of 52,400 Class 8 orders in July set an all-time monthly high and soared past 52,000 as the crush continues. Read more...
02 Aug Editorial: Course Corrections Are Part of Progress In times of great change there are bound to be course corrections, as evidenced by recent developments related to innovations designed to advance the science of moving trucks down the road. Read more...
02 Aug Schneider Reports Strong 2Q Earnings Growth Schneider National Inc. on Aug. 2 reported net income jumped 30% to $65.8 million or 37 cents per share compared with $46.5 million or 27 cents per share a year ago. Read more...