04 Feb Werner Reports Net Income Increased 25% to $60.6M for Q4 Werner Enterprises Inc. saw fourth-quarter earnings increase from the year-ago period while revenue declined slightly, the company reported Feb. 4. Read more...
04 Feb Cummins Posts Higher Q4 Earnings, Revenue Cummins Inc. reported higher earnings and revenue in the fourth quarter amid gains in both its engines and components business segments in China and India. Read more...
04 Feb DeFazio to Transportation Workers: Help Is on the Way Peter DeFazio, the top transportation policymaker in the House of Representatives, insisted help is coming for commercial supply chains, and commuter sectors vulnerable to the coronavirus. Read more...
04 Feb Chinese Package-Delivery Firm SF Holding Eyes Stake in Kerry Logistics SF Holding Co., one of the largest Chinese package-delivery services, is exploring a potential investment in tycoon Robert Kuok’s listed logistics business, people with knowledge of the matter said. Read more...
04 Feb Old Dominion Posts Q4 Gains in Earnings, Revenue Old Dominion Freight Line reported gains in fourth-quarter profit and revenue and, despite the COVID-19 pandemic, finished 2020 with a rise in net income. Read more...
04 Feb Automakers Push for Congressional Movement on AV Rules A group of nearly four-dozen automakers, industry advocacy groups and corporations sent a letter to Congressional leaders Feb. 3 urging action on legislation that would allow for greater deployment of autonomous vehicles. Read more...
04 Feb Class 8 Orders in January Clear 40,000 North American Class 8 orders kicked off the year by reaching 42,200 in January, up 146% from a year earlier when they were 17,204, ACT Research reported, citing truck makers’ initial data. Read more...
04 Feb Echo Global Logistics Reports Strong Profit, Revenue Results for Q4 Echo Global Logistics Inc. on Feb. 3 reported higher year-over-year increases in earnings and revenue for the fourth quarter of 2020. Read more...
04 Feb Trump Administration Independent Contractor Actions Face Uncertainty The U.S. Department of Labor is backing off a pair of actions issued in the waning days of the Trump administration that were widely perceived to be favorable to motor carriers’ use of independent contractors. Read more...
04 Feb US Unemployment Claims Fall to 779,000; Job Cuts Grind On The number of Americans seeking unemployment benefits declined to 779,000 in the week ended Jan. 30, a still historically high total that shows that a sizable number of people keep losing jobs to the pandemic. Read more...