03 May Meritor Second-Quarter Results Off Year-Over-Year Meritor Inc. posted lower net income in its fiscal-year second quarter related to tax issues as revenue dipped. Read more...
02 May Federal Regulators Give Green Light to Knight-Swift Merger The multibillion-dollar merger between Knight Transportation Inc. and Swift Transportation received a speedy federal antitrust approval May 1, clearing the way for shareholders to vote on the proposed transaction to form the largest truckload carrier in the United States. Read more...
02 May Saia Opens Terminals in Pennsylvania and New Jersey Saia Inc. opened four new terminals in Pennsylvania and New Jersey on May 1, entering the Northeast to battle regional and national less-than-truckload carriers for market share. Read more...
02 May Oil Falls as US Crude Supply Glut Seen Shifting to Fuel Tanks Oil fell to the lowest in more than a month as the U.S. crude glut is seen moving to brimming fuel tanks. Read more...
02 May Roadrunner Receives $540 Million, Names New Leadership Roadrunner Transportation Systems Inc. said it has received a $540 million cash infusion from a private equity group that owns 8.6% of the shares in an announcement that also included a change in the senior leadership of the recently troubled trucking company. Read more...
02 May Trump Threatens Government Shutdown After Democrats Win Deal President Donald Trump threatened May 2 to force a government shutdown later this year after congressional Democrats and Republicans struck a budget deal that largely neglected his priorities. Read more...
02 May Celadon's Financial Statements Called Into Question Auditors at BKD have withdrawn their support of Celadon Group Inc.'s financial statements for the last three fiscal quarters because the trucking company didn't produce sufficient documents on the value of used trucks, according to a letter in a filing with the Securities and Exchange Commission. Read more...
02 May Profits Decline at Expeditors Even as Revenue Increases First-quarter expenses rose faster than revenue for Expeditors International of Washington, so the freight forwarder remained profitable but at a lower level than a year ago. Read more...
02 May Allison Rides Service Parts Growth to Higher First-Quarter Results Allison Transmission Holdings Inc. reported first-quarter net income and revenue surged on growth in its North American parts business, the company said. Read more...
02 May Dana Posts Gains in First Quarter Dana Inc. reported its net income for the quarter ended March 31 rose to $80 million, or 51 cents per share, from $48 million, or 30 cents. Read more...