22 Oct U.S. Xpress Announces Strong Profit for Q3 U.S. Xpress Enterprises posted increased earnings on a modest revenue gain during the third quarter, the fleet announced Oct. 22. Read more...
22 Oct Chicago Mayor’s Budget Proposal Calls for City Fuel Tax Hike Chicago is planning for a 3-cent fuel tax increase in an effort to help restore the city’s financial well-being amid the coronavirus pandemic, Read more...
22 Oct Early Adopters of Electric Trucks Say Planning, Partnerships Are Crucial Truck makers are beginning to introduce battery-electric models, but successfully deploying this new breed of commercial vehicle requires fleets to manage a bevy of new considerations, including installation of charging equipment, coordination with utility companies and exploring government incentives. Read more...
22 Oct Integrated, Connected Technology Gaining Speed The data underpinning equipment and freight deliveries carries many benefits for fleets willing to integrate factory-installed telematics, service communications and fleet management solutions into a useful stream of data, experts said Oct. 22 during American Trucking Associations’ Management Conference & Exhibition. Read more...
22 Oct States Lose Fight to Get USPS Outside Monitor for Election Mail States that claim changes by the U.S. Postal Service will threaten mail-in voting failed again to get an independent monitor appointed to observe the agency’s compliance with a court order. Read more...
22 Oct Poor Insurance Underwriter Performance Is Causing Increasing Rates, Expert Says The insurance underwriting industry continues to face financial uncertainty, characterized by historic underwriting losses for the transportation sector and rising insurance rates for motor carriers, insurance executives said during a virtual educational session at American Trucking Associations’ Management Conference & Exhibition. Read more...
22 Oct Mullen Reports Profit Gain on Lower Revenue in Q3 Mullen Group posted a gain in profit during the third quarter, helped by COVID-19-related economic subsidies, an improving economy and strong e-commerce business. Read more...
22 Oct US Consumer Comfort Falls to Seven-Week Low A weekly measure of U.S. consumer confidence fell to a seven-week low on significant declines in attitudes toward the economy and buying climate — just about two weeks before the presidential election. Read more...
22 Oct Union Pacific Posts Lower Net Income, Revenue in Q3 Union Pacific Corp. is the latest Class I railroad to report lower third-quarter earnings when measured against 2019, with company officials saying Oct. 22 the COVID-19 pandemic is responsible for the drop in net income and revenue. Read more...
22 Oct CSX Reports Lower Q3 Net Income, Revenue CSX Corp. reported a slip in third-quarter financial results due to the impact of the coronavirus pandemic on shipments. Read more...