23 Apr Mullen Group Records 59.5% Decline in Q1 Profit Mullen Group Ltd. posted weaker first-quarter profits on steady revenue, but the Canadian motor carrier warned that business began to erode significantly in April. Read more...
23 Apr Echo Global Suffers $2.9 Million Loss in Q1 Echo Global Logistics swung to a loss in the first quarter as it faced pricing pressures and the early financial effects of the coronavirus pandemic. Read more...
23 Apr Volvo Group Reports Q1 Net Income, Revenue Setbacks Volvo Group reported first-quarter net income and revenue fell amid lower truck orders and deliveries as the coronavirus pandemic intensified. Read more...
23 Apr Rush Enterprises Reports Lower Q1 Net Income, Revenue Truck dealership Rush Enterprises Inc. reported first-quarter declines in net income and revenue, citing unprecedented times. Read more...
23 Apr Instacart Doubled Workforce in a Month Instacart Inc. more than doubled the number of people who pick and deliver groceries to customers over the past few weeks and said it will add an additional 250,000 in the next two months, a response to unprecedented demand for the service. Read more...
23 Apr Landstar Reports $927.6 Million Revenue for Q1 Landstar System Inc. reported lower first-quarter net income of $40.9 million, or diluted earnings per share of $1.04, compared with $63.3 million, or $1.58, in the same period a year ago. Read more...
23 Apr Auto Plants Approach Reopenings, Putting Pressure on Detroit Automakers are cautiously coalescing around plans to reopen North American assembly plants early next month following what will be a roughly six-week shutdown for virtually the entire industry. Read more...
23 Apr Old Dominion Q1 Profit, Revenue Keep Pace Old Dominion Freight Line Inc.’s first-quarter profit and revenue held steady as the motor carrier didn’t start to see business erode from the coronavirus pandemic until the start of April. Read more...
23 Apr Heartland Express Reports Q1 Net Income of $13.2 Million Heartland Express Inc. reported a 23.6% drop in first-quarter net income to $13.2 million, or 16 cents per share, from $17.3 million, or 21 cents, in the same period a year ago. Read more...
23 Apr March Net Trailer Orders Dip Below 7,600, ACT Research Says Net U.S. trailer orders slipped below 7,600 in March as cancellations sliced the gross tally nearly in half, and production slowed, ACT Research reported. Read more...