20 Jul FMCSA Virtual Summit to Focus on Truck Safety The Federal Motor Carrier Safety Administration will hold a virtual trucking safety summit Aug. 5 to solicit ideas and information on improving the safe operation of property-carrying commercial motor vehicles on the nation’s roadways. Read more...
20 Jul Halliburton Rises on ‘Outstanding’ Cuts After Frack Slump Halliburton Co. impressed investors by slashing costs more than expected as the fracking behemoth works its way through an historic shale bust. The shares surged more than 8%. Read more...
20 Jul Medium-Duty Market Rebounding Amid Virus Concerns The medium-duty truck market has partially rebounded from the first months of the COVID-19 pandemic, and what happens next, analysts say, depends on the virus itself. Read more...
17 Jul Volvo Reports Q2 Net Loss, Lower Revenue Amid Pandemic Volvo Group reported a net loss in the second quarter and lower revenue in a period scarred by the novel coronavirus pandemic. Read more...
17 Jul Oil Prices Tumble on Economic News, Cloudy Recovery Oil prices recently tumbled as a resurgence in coronavirus cases and impending U.S. layoffs darken the economic outlook. Read more...
17 Jul Global Air Passenger Slump to Last Until 2023, Moody’s Says Global airline passenger demand won’t recover to pre-coronavirus pandemic levels until the end of 2023, and only then if effective vaccines and medicines are available, according to Moody’s Investors Service. Read more...
17 Jul Trailer Makers Anticipate Rebound After Fleets Recover From Pandemic The trailer industry was forced to make further production cuts and alter manufacturing processes as the coronavirus pandemic took hold. Read more...
17 Jul The Power of Automatic Braking Automatic emergency braking has been around for quite some time. Yet despite being a spec’ing option for more than a dozen years, many fleets remain reluctant to specify AEB on their newest trucks. Read more...
17 Jul COVID-19 Continues to Damage Business at Nation’s Ports on Both Coasts The COVID-19 pandemic and Trump administration trade policies with China will result in at least a 15% drop in cargo this year at the Port of Los Angeles, the nation’s busiest seaport. Read more...
17 Jul J.B. Hunt Reports $121.7 Million in Net Earnings J.B. Hunt Transport Services reported that second-quarter profits and revenue declined versus year-ago levels. Read more...