30 Jul Old Dominion Profit, Revenue Fall in Q2 Old Dominion Freight Line Inc.’s profit and revenue fell in the second quarter as freight demand dropped because of the COVID-19 pandemic recession. Read more...
30 Jul Schneider Reports Profit Rises, Revenue Dips Schneider National saw net income increase while revenue fell during the second quarter, the truckload, intermodal and logistics services company reported July 30. Read more...
30 Jul United Air Warns Outlook Threatens One-Third of Pilot Jobs United Airlines Holdings Inc. warned that it’s considering furloughs for as many as one-third of its nearly 12,000 pilots, citing a resurgence in U.S. coronavirus cases that’s weakened sales. Read more...
30 Jul UPS Reports Strong Q2 Earnings as Deliveries Surge UPS Inc. reported strong results in the second quarter, as a surge in deliveries to homes and businesses has helped lift the company through the COVID-19 pandemic. Read more...
30 Jul EPA’s National NOx Proposal Headed for Another Delay There is mounting evidence that the U.S. Environmental Protection Agency’s low oxides of nitrogen proposed rule, already months behind schedule, will not be completed until after the November elections, according to trucking industry and environmental group sources. Read more...
30 Jul GM Prodded to Catch Electric-Car Zeitgeist With Name Change General Motors Co. has weathered depressions, wars and pandemics under its century-old name, but the coming shift to battery-powered vehicles may be an opportunity to rethink its generic-sounding corporate moniker in favor of something avant-garde. Read more...
30 Jul Meritor Posts Fiscal Q3 Loss, Steep Revenue Decline Meritor Inc. reported a net loss and a broad decline in revenue in its fiscal-year third quarter amid decreased customer demand. Read more...
30 Jul Dana Reports Q2 Net Loss, Steep Drop in Revenue Dana Inc. reported a net loss and sharp decline in revenue in the second quarter as its global business segments adjusted to unprecedented conditions in the midst of the novel coronavirus pandemic. Read more...
30 Jul Walmart Is Eliminating Hundreds of Corporate Jobs Walmart Inc. has eliminated hundreds of corporate positions, according to people familiar with the matter, as retailers around the country slim down at the back-office level. Read more...
30 Jul Ryder Steps in as Amazon Restricts Third-Party Sellers Ryder System Inc. is positioning itself to fill a major void left by Amazon.com Inc. after the online retail giant announced it will restrict warehouse space for third-party sellers. Read more...