26 Jul Motor Carriers Group Challenges California Law That Defines Independent Contractors In a federal lawsuit filed July 19, the Western States Trucking Association alleges that the California Supreme Court’s new “ABC test” requirement for deciding if a contractor should be an employee “forces virtually all independent contractors to become employees to those they choose to contract or work with.” Read more...
26 Jul Controversial $10 Million Toll Study Approved in Connecticut Despite strong opposition, the Connecticut State Bond Commission voted July 25 to approve a controversial, $10 million study on electronic tolls on state highways. Read more...
26 Jul Landstar Profit Jumps on Record Revenue Landstar System reported record second-quarter net income of $62.5 million, or $1.51 a share, a rise of 67% from $37.5 million, and 89 cents per share, in the same period a year ago. Read more...
26 Jul NAFTA Talks to Pick Up Again as Threat of Auto Tariffs Looms High-level talks for a new NAFTA are picking up again this week following two months of limited negotiations that were marred by tit-for-tat tariff battles and diplomatic fallout. Read more...
26 Jul UPS Surges as Jump in Foreign Sales Defies Rising Trade Tensions UPS Inc. rose the most in almost seven years as international sales surged and the courier’s ambitious investment plans started to win over investors. Read more...
26 Jul Covenant Profits Jump on 20% Revenue Rise Covenant Transportation Group reported a positive second quarter, recording greater revenues and income as it moved forward on its purchase of Landair Holdings. Read more...
26 Jul Trump Deregulatory Efforts Flounder in Court A year and a half into the Trump administration’s war against what it deems unneeded regulation, the legal record is coming into focus. And, according to law professors who follow regulation, it ain’t pretty. Read more...
26 Jul Daimler Net Income, Revenue Down on Soft Total Sales German car and truck maker Daimler AG reported second-quarter net income and revenue fell amid a slight increase in overall vehicle sales, driven by larger gains at its Mercedes-Benz Vans and Daimler Trucks units. Read more...
25 Jul Knight-Swift Sees Steady Revenue Rise as Merger Efforts Continue Knight-Swift Transportation Holdings reported greater second-quarter revenue and improved income across most of its divisions as it continued the coordination of the two firms after their merger last September. Read more...
25 Jul Ryder Reports Double-Digit Revenue Growth in Second Quarter Ryder System Inc. reported a second-quarter increase in revenue and profits, but a decline in per share earnings, due to tax-related adjustments and other costs. Read more...