27 Oct US Growth at Above-Forecast 3% on Consumers and Businesses The U.S. economy expanded at a faster pace than forecast in the third quarter, indicating resilient demand from consumers and businesses even with the hit from hurricanes Harvey and Irma, Commerce Department data showed Oct. 27. Read more...
26 Oct Hub Group Beats Estimates, Generates $1 Billion In Quarterly Revenue Hub Group turned in better-than-expected results in the third quarter, with revenue topping $1 billion for the first time and beating analysts’ profit projections, although net income was down compared with the same period a year ago. Read more...
26 Oct Consumer Comfort Little Changed; Partisan Divide Widens Americans’ confidence held steady last week, remaining near the highest level of the expansion, as faith in the buying climate improved while views on the economy deteriorated, Bloomberg Consumer Comfort Index figures showed Oct. 26. Read more...
26 Oct Old Dominion Scores Win in 3Q Earnings, Surges Past Wall Street Forecasts Old Dominion Freight Line Inc. reported a 20% climb in profits to $102.3 million, or $1.24 per share, in third-quarter profits. The results were 8 cents better than the Bloomberg News consensus forecast of analysts. Read more...
26 Oct ATA Takes Aim at Driver Shortage ORLANDO, Fla. — Trucking and government leaders at American Trucking Associations’ annual Management Conference & Exhibition set their sights on solving perhaps the industry’s most persistent challenge — recruiting and retaining professional drivers. Read more...
26 Oct China’s Uber-for-Trucks Apps Trade Barbs as Battle Turns Toxic Harassing phone calls, spam text messages and police investigations — the fight between China’s Uber-for-trucks apps is getting nasty. Read more...
26 Oct XPO Logistics-Teamsters Battleground Shifts to New Haven The International Brotherhood of Teamsters is duking it out with XPO Logistics on a new front recently after 73 employees petitioned to remove Local 443 as their representative. Read more...
26 Oct Alphabet’s Waymo Will Test Self-Driving Cars in Snowy Detroit The self-driving cars Google designed are going to the snow -- and the seat of the car industry. Read more...
26 Oct Driverless Truck Completes Delivery at ExxonMobil Facility in Singapore Belgian logistics group Katoen Natie has started operating its first driverless truck at ExxonMobil’s manufacturing site on Jurong Island in Singapore. Read more...
26 Oct Daimler Steals Tesla’s Thunder With Heavy-Duty Electric Truck Daimler AG is jumping the gun on Tesla Inc. by showing off a battery-powered heavy-duty truck weeks before the California electric-car maker’s own planned unveiling, in a sign of the growing rivalry between the companies. Read more...