23 Apr Auto Plants Approach Reopenings, Putting Pressure on Detroit Automakers are cautiously coalescing around plans to reopen North American assembly plants early next month following what will be a roughly six-week shutdown for virtually the entire industry. Read more...
23 Apr Old Dominion Q1 Profit, Revenue Keep Pace Old Dominion Freight Line Inc.’s first-quarter profit and revenue held steady as the motor carrier didn’t start to see business erode from the coronavirus pandemic until the start of April. Read more...
23 Apr Heartland Express Reports Q1 Net Income of $13.2 Million Heartland Express Inc. reported a 23.6% drop in first-quarter net income to $13.2 million, or 16 cents per share, from $17.3 million, or 21 cents, in the same period a year ago. Read more...
23 Apr March Net Trailer Orders Dip Below 7,600, ACT Research Says Net U.S. trailer orders slipped below 7,600 in March as cancellations sliced the gross tally nearly in half, and production slowed, ACT Research reported. Read more...
23 Apr Carmakers Pledge 5 Million ‘Talking Cars’ in FCC Airwaves Bid The U.S. auto industry will deploy millions more wireless systems to help prevent traffic collisions if the Federal Communications Commission abandons a proposal that would take away most of the radio frequencies reserved to carry those signals, according to an industry trade association. Read more...
23 Apr Anguish Grows in Russia Oil Sector Overwhelmed by Price Fall As Russia’s small oil producers struggle to survive a historic price crash, some say in private they wish they could just set their crude ablaze. Read more...
23 Apr ATRI Coronavirus Study Shows Truck Activity Spike, Dip in Six States Although trucking activity spiked across six states during the coronavirus pandemic’s early days, a recent analysis from the American Transportation Research Institute indicates that such freight activity has declined. Read more...
23 Apr Experts’ Pessimism Deepens Over Economy’s Health The U.S. economy likely will shrink when first-quarter gross domestic product figures are released by the federal government’s Bureau of Economic Analysis on April 29. Read more...
23 Apr Knight-Swift Reports Decline in Q1 Net Income, Revenue Knight-Swift Transportation Holdings reported a decline in net income for the first quarter of 2020 due partially to the effects of tax and foreign currency fluctuations, and also reported a decline in revenue for the period. Read more...
23 Apr Alcoa Cuts Supply and Pulls Outlook for Reeling Aluminum Market One of the most recognizable names in the aluminum market offered little optimism for the industry as it’s rocked by the coronavirus crisis. Read more...