25 Apr TFI International Reports Record Results for 1Q Another quarter, another record for TFI International when the Montreal-based conglomerate released its first-quarter financial report April 23. Read more...
25 Apr Old Dominion Posts Record Per-Share Results in 1Q Old Dominion Freight Line beat the Wall Street consensus estimate on its earnings per share when the Thomasville, N.C., less-than-truckload carrier reported first-quarter results April 25. Read more...
25 Apr Wabtec Names Rafael Santana CEO Effective July 1 Exactly two months after Westinghouse Air Brake Technologies purchased GE Transportation, Wabtec on April 25 announced that CEO Ray Betler will retire and that Rafael Santana, previously the CEO of GE Transportation, will step into that role as of July 1. Read more...
25 Apr UPS Cites Winter Weather for 1Q Earnings Downturn UPS Inc. said difficult weather including heavy snow, extremely cold temperatures and spring flooding impacted its first-quarter 2019 earnings when the company announced its financial results April 25. Read more...
25 Apr Catch Them if You Can: The Soaring Business of Downing Drones After recent incidents of drones disrupting passenger flights and costing potentially millions of pounds in revenue, a cottage industry of companies has emerged, all hoping to solve the problems caused when drones fly where they are not supposed to. Read more...
25 Apr Infrastructure, Funding, Nominations on Congress’ Agenda When lawmakers return to Capitol Hill on April 29, they will look on as the leadership from the House Democrats and President Donald Trump engage in a discussion about the country’s roads and bridges, and ways to pay for improvements. Speaker Nancy Pelosi (D-Calif.) and Trump have expressed an interest in considering long-term infrastructure legislation this year. Read more...
25 Apr Tesla Loses Another Bull as Analyst Dubs Period ‘Top Debacle’ Tesla Inc.’s latest first quarter was “one of top debacles” ever seen in 20 years of covering tech stocks on the Street, Wedbush analyst Daniel Ives said April 25. Read more...
25 Apr Two Trucking Associations Challenging ‘ABC’ Contractor Test in Federal Court An association of small to medium-sized motor carriers has asked the 9th U.S. Circuit Court of Appeals to reject a decision last month by a federal district judge in California to dismiss a challenge to the so-called “ABC test,” which is used to decide if a contractor should be classified as an employee in California. Read more...
25 Apr Carlos Ghosn Freed on Bail Again After Being Jailed on New Charges Carlos Ghosn walked out of a Tokyo detention center April 25 after winning release on bail for the second time, giving the deposed auto titan a chance to prepare his defense against charges of funneling millions of dollars from Nissan Motor Co. through an intermediary for his own purposes. Read more...
25 Apr Rush’s Aftermarket Gains Lift 1Q Results Truck dealership Rush Enterprises Inc. saw revenue and net income climb in the first quarter amid strong gains in aftermarket products and services. Read more...