24 Oct Landstar Profits Down 10.9% to $152.6 Million in Q3 Landstar System Inc. said weakening manufacturing activity and softer freight-hauling demand led to smaller profits in the third quarter of 2019. Read more...
24 Oct Report Urges Trucking Regulators to Evaluate Fuel-Efficiency, GHG Emissions Standards A new study by the National Academy of Sciences urges federal regulators to conduct an “interim evaluation” of the federal medium- and heavy-duty truck Phase 2 greenhouse gas and economy rule with an eye toward more stringent standards. Read more...
24 Oct Rush Enterprises Reports Mixed Q3 Results Rush Enterprises Inc., with more than 100 truck dealership locations in 22 states, reported net income eased a bit while revenue rose in the third quarter as it notched nearly 6% of all new Class 8 sales nationally. Read more...
24 Oct Average Used Class 8 Price Drops 6.9% in September The price of the average used Class 8 truck sold in September dropped below year-ago levels for the second consecutive month as sales fell, too, ACT Research reported. Read more...
24 Oct How Indiana Got to the ‘I-69 Finish Line’ The Indiana Department of Transportation has dubbed Section 6 of the Interstate 69 project the “I-69 Finish Line.” Read more...
24 Oct Truck Makers Face Nearly $1 Billion in Price-Fixing Claims Daimler AG, Volvo AB and other truck makers should be ordered to pay 867 million euro ($965 million) over a price-fixing cartel, according to lawyers in Germany for companies that were overcharged. Read more...
24 Oct Tesla Shares Soar as Elon Musk Packs Profit Report With Positives Elon Musk flipped the script on those who doubted Tesla Inc. could return to profitability and meet aggressive timelines, delivering positive earnings few saw coming and declaring he’s ahead of schedule on a new plant and product. Read more...
24 Oct Daimler Rides Cars, Vans to Earnings, Revenue Gains Daimler AG reported higher net income and revenue as sales of cars and vans rose, while truck sales globally fell 8% in the third quarter. Read more...
23 Oct Ford Cuts 2019 Outlook Ford Motor Co., struggling to roll out its redesigned Explorer sport-utility vehicle, cut its full-year forecast by $500 million, in a sign an $11 billion restructuring by Chief Executive Officer Jim Hackett will take more time before a promised payoff. Read more...
23 Oct Virginia Board Approves I-81 Improvement Projects Virginia’s Commonwealth Transportation Board recently approved 31 projects for the Interstate 81 Corridor Improvement Program. Read more...