09 Aug CVSA Asks Senate to Fund an Updated Major Crash Causation Study The Commercial Vehicle Safety Alliance has asked U.S. Senate appropriators to include funding in the 2020 transportation funding bill for a study that would explore the causes for commercial vehicle crashes, an update to a similar study completed 16 years ago. Read more...
09 Aug Commercial Vehicle Group’s Revenue Up 4.2% in 2Q Commercial Vehicle Group Inc. reported net income of $7.2 million for second-quarter 2019, down 46% compared with net income of $13.2 million in the prior-year period. Read more...
09 Aug Oil Jumps Most in Month as Saudi Action Outweighs Demand Worries Oil surged the most in nearly a month as investors digested Saudi Arabia’s latest plan to help stabilize prices following a large dip earlier in the week that was fueled by demand concerns. Read more...
09 Aug Stamps.com Stock Soars on Forecast Improvement Stamps.com Inc. shares surged Aug. 8 after the company raised the midpoint of its yearly forecast, easing some investors’ worst fears. Read more...
09 Aug Uber Posts $5.2 Billion Loss in Q2 Uber Technologies Inc. declared its worst quarterly earnings, reporting a $5.2 billion net loss for the quarter ending June 30. Read more...
09 Aug Americold Reports Lower Net Income, Higher Revenue Americold Realty Trust, one of the world’s largest logistics companies focusing on temperature-controlled warehouse facilities, on Aug. 8 reported second-quarter net income dropped to nearly $4.9 million from $29.4 million in 2018, an 83.3% decrease. Read more...
09 Aug Government: Fitzgerald Now Owes $83 Million in Back Taxes Attorneys for the U.S. Department of Justice have filed a counterclaim against Fitzgerald Truck Parts and Sales, adjusting the sum the glider truck maker owes the IRS to $83 million from $64 million for not collecting a 12% excise sales taxes on retail glider sales dating to 2012. Read more...
09 Aug Experts to Dissect Industry Trends, Insights at ATA Economic Summit Experts in the fields of manufacturing, logistics and the petroleum industry are scheduled to participate in American Trucking Associations’ economic summit in September. Read more...
09 Aug Kansas DOT Reinstates Local Bridge Replacement Program The Kansas Department of Transportation is reinstating a program meant to help replace and rehabilitate structurally deficient bridges in cities and counties. Read more...
09 Aug Core Producer-Price Index Posts First Drop in Two Years A measure of underlying U.S. producer prices unexpectedly fell in July, with the first drop since early 2017 adding to signs of muted inflation that may reinforce the case for further Federal Reserve easing. Read more...