24 Jul Landstar Reports Record Earnings Per Share in 2Q Landstar System Inc. reported record second-quarter earnings per share of $1.53 on second-quarter net income of $61.1 million, which compares with $1.51 per share on net income of $62.5 million during the same period a year ago. Read more...
24 Jul Tesla Plunges on Quarterly Loss, Backtracks From Profit Forecast Tesla Inc. shares plummeted in late trading after the electric-car maker posted a worse-than-expected loss and backtracked from a forecast for a return to profit. Read more...
24 Jul Amazon Eyes Large Warehouse Spot at Brooklyn’s Industry City Amazon.com Inc. is in talks to rent space at Brooklyn’s Industry City for a new logistics facility, according to a person with knowledge of the matter. Read more...
24 Jul Echo Global Reports Lower Revenue, Net Income in 2Q Echo Global Logistics reported decreased revenue and net income as the softer freight market and weaker spot prices took a toll on earnings. Read more...
24 Jul N.D. Grand Champion Gets By With a Little Help From His Friends Scott Meyers, Grand Champion of this year’s North Dakota Truck Driving Championships, says support from his coworkers and the competition truck driving community helped power him to a first-place trophy. Read more...
24 Jul Knight-Swift 2Q Earnings, Revenue Decline Knight-Swift Transportation Holdings, North America’s largest truckload transportation company, reported second-quarter declines in net income and revenue amid 2019’s softer freight environment. Read more...
24 Jul Norfolk Southern 2Q Profit up 2% Despite Weaker Volume Norfolk Southern Corp.’s earnings chugged ahead 2% even though the railroad hauled 4% less freight in the second quarter because it was able to raise its shipping rates. Read more...
24 Jul Senate Confirms Former Delta Executive Stephen Dickson as FAA Administrator A former Air Force pilot and Delta Air Lines executive was confirmed July 24 by the Senate to lead the Federal Aviation Administration after overcoming opposition from Democrats who claim that he mistreated a whistleblower during his tenure at Delta. Read more...
24 Jul GM Cruise Robotaxi Debut Delayed General Motors Co.’s self-driving unit is backing off plans to deploy robotaxis by the end of this year, the latest indication of how auto and tech companies are struggling with the challenges of taking humans out from behind the wheel. Read more...
24 Jul New Jersey DOT Awards More Than $30 Million to Improve Freight Routes The New Jersey Department of Transportation announced $30.1 million in grant funding dedicated to improving local roads that serve as freight conduits. Read more...