29 Jul U.S. Xpress Reports Profit, Revenue Gains for Q2 U.S. Xpress Enterprises’ net income and revenue increased during the second quarter, the Chattanooga, Tenn.-based carrier reported July 28. Read more...
29 Jul Oil Clings to Gains After US Supplies Shrink by Most This Year Oil was propped up by the biggest decline in U.S. crude stockpiles this year, signaling a bright spot in a market weakened by the COVID-19 pandemic. Read more...
29 Jul Trump Says Republicans, Democrats Far Apart in Stimulus Talks President Donald Trump said that Republicans and Democrats aren’t close to resolving their differences over a coronavirus stimulus package, and that Congress may need to pass some stopgap measures to prevent aid from running out. Read more...
29 Jul USPS Grapples With Financial Crisis as Mail Delays Continue Earlier this month, local letter carriers were told to delay delivering mail in order to save money for the United States Postal Service, a direction that apparently came from top federal officials to mail carriers throughout the country. Read more...
28 Jul C.H. Robinson Profit, Revenue Fall in Q2 Over COVID-19 Impact C.H. Robinson Worldwide experienced a drop in second-quarter profit and a smaller dip in revenue as it dealt with the economic effects of the COVID-19 pandemic. Read more...
28 Jul TFI Profit, Revenue Fall Due to Impact of COVID-19 TFI International Inc. posted declines in profit and revenue for the second quarter but said business is starting to rebound. Read more...
28 Jul Gasoline’s Demand Rebound Fades at Height of US Driving Season A sharp rebound in gasoline consumption that helped to drive oil prices higher appears to be running out of steam, a development that should be a cause for concern across the petroleum industry. Read more...
28 Jul Senate COVID-19 Stimulus Includes Transportation Aid A new emergency aid package Senate Republicans unveiled in response to the COVID-19 pandemic proposes funding for certain transportation priorities. Read more...
28 Jul Cummins Posts Drop in Profit, Record Revenue Decline in Q2 Independent engine maker Cummins Inc. reported a sharp drop in second-quarter net income and a record decline in revenue. Read more...
28 Jul TRB Annual Meeting Goes Virtual for 2021 The Transportation Research Board’s 100th annual meeting will be held virtually this winter due to concerns over COVID-19. Read more...