23 Jul ATA Meets With OMB to Discuss Hair Sample Testing Rule A new federal drug-testing law for truck drivers that has been held up at the White House for more than a year may finally be poised for advancement, according to an executive from American Trucking Associations who recently met with officials from the Office of Management and Budget. Read more...
23 Jul June Trailer Orders Hit 13,441 U.S. trailer orders in June improved by more than 100% from a year earlier as they pushed past 13,000 to reach the second-highest level for the year, ACT Research reported. Read more...
23 Jul Toll Roads With Fewer Cars an Unlikely Haven for Bond Buyers Municipal-bond investors are scouring for pockets of the $3.9 trillion market that are a haven from the coronavirus and its recession. Turns out toll roads may be a safe bet. Read more...
23 Jul Landstar Reports Lower Net Income in Q2 Landstar System Holdings Inc. on July 22 reported second-quarter net income and revenue were down compared with last year’s levels. Read more...
23 Jul Transportation Funding Bill Set for US House Floor Consideration Legislation that would fund operations at the U.S. Department of Transportation and its agencies will be considered on the floor of the U.S. House of Representatives before the end of July. Read more...
23 Jul Rush Reports Declines in Q2 Profit, Revenue Rush Enterprises reported declines in second-quarter net income and revenue as all segments of its business were hurt by the COVID-19 pandemic. Read more...
23 Jul Daimler Posts Q2 Net Loss, Lower Revenue as Pandemic Slashes Demand The Daimler Group reported a net loss and lower revenue in the second quarter as demand for its trucks, vans, buses and cars fell amid the global novel coronavirus pandemic. Read more...
23 Jul Nikola Breaks Ground on Arizona Plant Nikola Corp. broke ground July 23 on a new electric-truck factory in Coolidge, Ariz., that it hopes to open next year, but first the startup needs to figure out a way to pay for the 1 million square-foot facility and other expenses with little cash on hand. Read more...
23 Jul Women In Trucking Conference Announces Virtual Plans The Women In Trucking Association’s annual conference will be virtual this year, a decision made in light of the recent surges of COVID-19 cases. Read more...
23 Jul Echo Global Reports $514 Million in Q2 Revenue Echo Global Logistics saw a large drop in profit but a smaller decline in revenue during the second quarter. Read more...