30 Jul Freight, Agriculture Stakeholders Express Support for USMCA Trade Deal WASHINGTON — Derek Leathers, the top executive of Werner Enterprises, joined other business leaders for a hearing on Capitol Hill on July 30 to call on lawmakers to approve a landmark new trade deal with Canada and Mexico. Read more...
30 Jul Ryder Reports Record 2Q Revenue, Up 7% Ryder System Inc. reported higher earnings and record revenue in the second quarter in all three business segments, reflecting new business and higher volumes. Read more...
30 Jul Warren Buffett’s Geico Joins Rivals in Tracking Drivers Geico has launched a telematics offering, called DriveEasy, in certain states, Credit Suisse Group AG analyst Mike Zaremski said in a research note July 31. A phone app tracks driving habits and gives individuals a score and tips, according to Geico’s website. Read more...
30 Jul Farm Suppliers Absorb Trade, Weather Blows Better Than Expected So far, the unprecedented trade and weather disruptions that are roiling American farmers aren’t stopping their suppliers from raking in profits. Read more...
30 Jul Eaton’s Net Income Increases 4.1% in 2Q Power management company Eaton Corp. reported net income of $636 million in the second quarter ended June 30, up 4.1% from $611 million in the same quarter in 2018. Read more...
30 Jul Data Show China Lags in Purchase of US Soybeans In a tweet July 30, President Donald Trump scolded China for what he said was a failure to follow through on promises to boost agriculture trade. Read more...
30 Jul Cummins Reports Record Revenue in 2Q Cummins Inc. reported $675 million in net income for the second quarter ended June 30, a 23.8% increase from the second quarter of 2018. Read more...
30 Jul Musk’s Tweets About Tesla Production Raise Questions on SEC Accord Elon Musk tweeted a Tesla Inc. production number that the company hadn’t communicated previously, presenting the first test case of whether his April settlement with securities regulators has made him more disciplined on social media. Read more...
30 Jul Virginia DOT Outfits Snowplows With Tracking Technology In preparation for winter weather, the Virginia Department of Transportation has started to equip snowplows with tracking devices throughout the state. Read more...
30 Jul BP Bucks Trend of Big Oil Earnings Misses as Output Rises BP bucked the trend of disappointing oil and gas earnings, beating expectations and increasing its cash flow as higher production offset the effect of lower energy prices. Read more...