23 Jul Paccar Achieves Revenue Records in 2Q Paccar Inc. reported record quarterly revenue and higher net income in the second quarter amid strong global truck demand and record production. Read more...
23 Jul Amazon Hit With Consumer Complaint Over Prime Day Endorsements Amazon should be investigated by U.S. regulators over undisclosed paid endorsements on Prime Day, Washington-based Public Citizen, a consumer advocacy group says. Read more...
23 Jul FMCSA Seeks Comment on Agricultural Commodity, Livestock Definitions in HOS Rules In an effort to provide clarity for U.S. farmers and commercial drivers, the Federal Motor Carrier Safety Administration on July 22 announced it is seeking public comment on revising agricultural commodity or livestock definitions in hours-of-service regulations. Read more...
23 Jul Availability of Medium-Duty E-Trucks Is Limited as Testing Continues Battery-electric medium-duty trucks may have a bright future due to their potential to reduce operational costs and improve sustainability. But currently, the availability of these trucks is limited as testing continues. Read more...
22 Jul CSX Earnings, Revenue Dip 1% in 2Q; Operating Ratio Improves Class 1 freight railroad CSX Corp. on July 16 reported second-quarter net earnings of $870 million, or $1.01 a share, compared with $877 million, or $1.08 a share — a 1% dip from the same period a year ago. Read more...
22 Jul Transoft Solutions Acquires Keysoft Solutions Transoft Solutions Inc., a provider of transportation engineering design and analysis software, acquired Keysoft Solutions Ltd., according to a July 22 news release. Read more...
22 Jul Canadian Pacific Reports Record 2Q Earnings Canadian Pacific Railway Ltd. on July 16 reported record second-quarter revenues of nearly C$1.98 billion, a 13% increase from the $1.75 billion in 2018. Income also surged to $724 million or $5.19 a share, compared with $436 million or $3.05 a share in 2018. Read more...
22 Jul Diesel Drops 0.7¢ to $3.044 a Gallon as Oil Prices Hold Steady The U.S. average retail price of diesel dropped by 0.7 cent to $3.044 a gallon, the Department of Energy reported July 22. Meanwhile, crude oil rose to slightly more than $56 a barrel during trading of West Texas Intermediate. Read more...
22 Jul Federal Watchdog Recommends Congress Improve Freight Infrastructure Grants In a report raising concerns about the U.S. Department of Transportation’s management of infrastructure grants popular among state officials, the Government Accountability Office recommended Congress reform the program. Read more...
22 Jul Pennsylvania Turnpike Tolls to Rise — Again The Pennsylvania Turnpike Commission has approved a 6% toll rate increase to keep pace with rising debt-service costs. Read more...