11 Feb Trailer Orders Ease; Supply Chain Issues Rise U.S. trailer orders in January were 29,100, up 94% from the same month last year, ACT Research reported, citing manufacturers’ initial data. Read more...
11 Feb Locomation Partners With Rush to Advance Autonomous Trucking Locomation, a technology platform, announced Feb. 10 a strategic relationship with Rush Enterprises to advance autonomous trucking. Read more...
11 Feb Ryder Reports Q4 Improved Earnings Ryder System Inc. on Feb. 11 reported fourth-quarter net income of $25.6 million, or 48 cents per share, compared with a loss of $53.5 million, or loss of $1.02, in the same period a year ago. Read more...
11 Feb Economy Is Improving, but Challenges Remain, Economists Say The U.S. economy is poised for a strong recovery in the third quarter, provided the number of people being given the COVID-19 vaccine significantly improves and Congress and the White House reach a COVID relief package. Read more...
11 Feb House Panel Advances Guidance on Biden COVID-19 Proposal Emergency aid for the transit and aviation sectors was approved in legislation advanced by the transportation committee in the U.S. House of Representatives Feb. 10. Read more...
11 Feb Rush Q4 Net Income Rises on Fresh Demand, Cost Controls Truck dealership Rush Enterprises reported net income rose and revenue slipped in the fourth quarter. Read more...
11 Feb Texas, Ohio Earn Mediocre Infrastructure Grades From ASCE Texas and Ohio, which serve as important freight hubs, earned mediocre grades on the infrastructure report cards recently issued by the American Society of Civil Engineers. Read more...
11 Feb US State Jobless Claims Ease While Federal Programs Swell Applications for U.S. state unemployment insurance fell slightly last week while claims for federal benefits swelled, illustrating the persistent challenges in the system of delivering financial aid to the nation’s jobless. Read more...
11 Feb Biden Team Pledges Aggressive Steps to Address Chip Shortage The Biden administration is working to address the global semiconductor shortage that has caused auto manufacturers and other U.S. industries to halt production, a White House official said. Read more...
11 Feb Mullen Group Posts Increased Earnings in Q4; Revenue Continues to Slide Mullen Group reported a gain in profit for the fourth quarter although revenue continues to fall because of the COVID-19 pandemic. Read more...