25 Jul Amazon Results to Show Extent of Sales Boost From 1-Day Shipping The effects of Amazon.com’s one-day shipping push on profitability and sales will be watched closely when the e-commerce giant reports earnings July 25. Read more...
25 Jul VW Bucks Downward Trend in Weak Markets on Strength of SUV Deliveries Volkswagen AG joined PSA Group in using sales of lucrative SUVs to stand out against a crowd of carmakers struggling with the auto market’s downturn. Read more...
25 Jul Business-Equipment Orders Jump by Most Since Early 2018 Orders placed with U.S. factories for business equipment posted the biggest gain in more than a year, and shipments unexpectedly increased, suggesting corporate investment is regaining momentum despite tariffs and global weakness. Read more...
25 Jul Tesla Plunges on Profit Doubts, Co-Founder J.B. Straubel’s Surprise Exit Tesla Inc. shares plummeted after a worse-than-expected loss and yet another major management change cast fresh doubts on the electric car maker’s future. Read more...
25 Jul ODFL Sets Company Records as Earnings, Revenue Rise Less-than-truckload carrier Old Dominion Freight Line reported higher net income and revenue in the second quarter as it achieved, amid lower shipments and tonnage, company records for revenue, operating ratio and earnings per diluted share. Read more...
25 Jul GDP Growth of 1.8% Seen for 2Q Trade tensions likely helped push down U.S. economic growth last quarter to match the slowest pace of Donald Trump’s presidency, with a robust consumer spending keeping things from looking even worse. Read more...
25 Jul CARB, Four Automakers Reach Deal That Circumvents White House, Sources Say Four major automakers have reached a secret deal with California to increase gas mileage and greenhouse gas emissions standards, bypassing the Trump administration’s plan to freeze standards at 2021 levels, according to two people briefed on the matter. Read more...
25 Jul Trucking Market Is ‘Hot,’ Says SVP of Mack Trucks A sales executive with Mack Trucks expressed optimism about the trucking industry during a recent briefing with the press in Portland, Ore., and Seattle. Read more...
25 Jul Rush 2Q Earnings, Revenue Climb on Truck Sales Truck dealership Rush Enterprises reported higher net income and revenue on strong aftermarket activity and new truck sales, especially medium-duty. Read more...
24 Jul NTSB Nominees Tout Safety Focus Before Senate Committee WASHINGTON — Nominees to serve on the independent National Transportation Safety Board emphasized the need to continue to thoroughly investigate high-profile accidents to ensure the reliability of freight and passenger corridors during a Senate hearing July 24. Read more...