31 Jul UPS Leaders Share Practices to Mobilize Against Human Trafficking Companies’ efforts to combat human trafficking should be rooted in education and the support of leadership teams, according to executives from UPS Inc. Read more...
31 Jul Amazon Plows Through Pandemic With Record Profit Amazon .com Inc. justified its big investments to keep operating through the COVID-19 pandemic with sales growth and a record profit that far exceeded analysts’ estimates, showing that staying open when so many businesses were forced to close was a rare opportunity. Read more...
30 Jul XPO Reports Net Loss in Q2; Revenue Slides XPO Logistics swung to a loss as revenue declined sharply in the second quarter because of the COVID-19 pandemic. Read more...
30 Jul Tech Leads Stock Rebound From Lows Amid Earnings Stocks pared losses as a rally in big technology companies tempered concern over a slow economic rebound. After the close of regular trading, Apple Inc., Amazon .com Inc., Alphabet Inc. and Facebook Inc. jumped as results crushed Wall Street estimates. Read more...
30 Jul Nikola’s Trevor Milton Says Future of Trucking Is Hydrogen-Based Nikola Corp. founder and Executive Chairman Trevor Milton believes the hydrogen fuel cell technology that powers his company’s trucks can place Nikola at the forefront of global efforts to toughen clean-air rules while also providing a truck that meets the needs of commercial fleets. Read more...
30 Jul Year-Over-Year Average Price for Used Class 8 Trucks Drops Again The year-over-year average price of a used Class 8 vehicle in June declined for the 14th consecutive month. Read more...
30 Jul Q2 GDP Drops a Record 32.9%, but Trucking Holding Steady The gross domestic product of the United States shrank a record-setting 32.9% in the second quarter, tracking closely with economists’ expectations. Read more...
30 Jul Old Dominion Profit, Revenue Fall in Q2 Old Dominion Freight Line Inc.’s profit and revenue fell in the second quarter as freight demand dropped because of the COVID-19 pandemic recession. Read more...
30 Jul Schneider Reports Profit Rises, Revenue Dips Schneider National saw net income increase while revenue fell during the second quarter, the truckload, intermodal and logistics services company reported July 30. Read more...
30 Jul United Air Warns Outlook Threatens One-Third of Pilot Jobs United Airlines Holdings Inc. warned that it’s considering furloughs for as many as one-third of its nearly 12,000 pilots, citing a resurgence in U.S. coronavirus cases that’s weakened sales. Read more...