21 Jul Landstar Reports Record Earnings for Q2 Landstar System on July 21 reported an all-time quarterly record for net income during the second quarter. “Second quarter set a new standard as the best quarterly financial performance in our history,” CEO Jim Gattoni said in a statement. Read more...
21 Jul Knight-Swift Reports Surge in Q2 Earnings Knight-Swift Transportation Holdings saw growth throughout the company, including a 90.6% increase in net income during the second quarter, the company reported July 21. Read more...
21 Jul Lumber Surges Anew as Canada Wildfires Snarl Shipments Lumber futures rose the most in more than a year on concern that wildfires in western Canada will reduce supply and spur more curtailments at sawmills. Read more...
21 Jul Senate Commerce Leaders Push Supply Chain Efficiency To promote efficiency across the country’s supply chain, Commerce Committee Chairwoman Maria Cantwell recently pressed colleagues to advance legislation meant to enhance the flow of freight. Read more...
21 Jul Volvo Group Earnings Rise on Global Vehicle Sales Volvo Group reported strong second-quarter earnings and revenue as sales in its global vehicle-related segment rose 41% compared with a year earlier. Read more...
21 Jul Proposed Merger Dominates CN Financial Report Canadian National Railway reported an increase in second-quarter net income and revenue, and for the second period in a row company leaders spent significant time detailing for analysts the value of the company’s $33.7 billion merger with Kansas City Southern. Read more...
21 Jul Oakland OKs Port Site for Ballpark That Trucking Interests Oppose The Oakland City Council on July 20 approved a non-binding term sheet for a proposed waterfront ballpark at the Port of Oakland, yet neither trucking interests nor the Athletics baseball club was happy with the outcome. Read more...
21 Jul Daimler Posts $4.3 Billion Q2 Profit Despite Chip Shortage FRANKFURT, Germany — German automaker Daimler reaped strong profits in the second quarter as demand for its Mercedes luxury cars continued to rebound from the depths of the pandemic, generating cash that the company can invest in its shift to electric vehicles. Read more...
21 Jul CVSA Sidelines 1,273 Vehicles for Brake Violations Commercial Vehicle Safety Alliance inspectors removed more than 1,200 commercial motor vehicles with critical brake violations from roadways during an unannounced single-day brake safety enforcement operation. Read more...
21 Jul Pacific, Atlantic Ports Report Strong June Volumes More than six months into the economic recovery, the nation’s ports on the Pacific and Atlantic coasts continue to see record or near-record cargo loads, and port officials and economists forecast the substantial numbers likely will continue well into 2022. Read more...