30 Jul FBI Warns Truckers That Hackers Could Target ELD Data The FBI issued a cautionary notice warning truckers that cyber criminals could target electronic logging device vulnerabilities as a means of seizing business information, but industry experts note that hackers have as yet not found a way to crack into ELD data. Read more...
29 Jul ArcBest Reports Lower Q2, Midyear Earnings Because of COVID-19 ArcBest turned a second-quarter profit, albeit considerably lower than the year-ago level because of the COVID-19 pandemic, the Fort Smith, Ark., carrier announced July 29. Read more...
29 Jul Ryder Posts Q2 Net Loss, Revenue Decline A net loss and a drop-off in revenue marked Ryder System Inc.’s second-quarter results. Read more...
29 Jul Oil Edges Up After US Crude Supplies Shrink Most This Year Oil was propped up by the biggest decline in U.S. crude inventories this year, signaling a bright spot in a market weakened by COVID-19. Read more...
29 Jul Saia Posts Decrease in Q2 Profit, Revenue Profit and revenue declined during the second quarter at Saia Inc. as the company dealt with the economic effects of the COVID-19 pandemic. Read more...
29 Jul Norfolk Southern Sees Lower Q2 Earnings Due to Pandemic Norfolk Southern beat Wall Street’s expectations when the Class I railroad reported second-quarter earnings July 29. Read more...
29 Jul Fed Sees Dim Economic Outlook as Virus Squeezes Economy WASHINGTON — The Federal Reserve expressed concern July 29 that the viral outbreak will act as a drag on the economy and hiring in the coming months and said it plans to keep its benchmark short-term interest rate pegged near zero. Read more...
29 Jul Wabash Records Net Loss, Sharply Lower Revenue in Q2 Wabash National Corp. reported a second-quarter net loss and a drop in revenue amid COVID-19’s harsh effect on the trucking industry. Read more...
29 Jul US Energy Use Hit 30-Year Low in Pandemic Shutdowns BILLINGS, Mont. — U.S. energy consumption plummeted to its lowest level in more than 30 years this spring as the nation’s economy largely shut down because of the coronavirus, federal officials reported July 29. Read more...
29 Jul Wabash, eNow Unite to Produce Zero-Emission Trailer Wabash National Corp. announced an exclusive agreement with eNow for its solar technology as the companies prepare to sell what they called the most eco-friendly refrigerated haul available on the market. Read more...