Daimler AG Truck Unit’s Third-Quarter Earnings Set Record
Daimler AG reported third-quarter earnings before interest and taxes at its global truck division were the highest ever, climbing 34% to about $897 million compared with about $667 million in the year-earlier quarter.
October 22, 2015Jobless Claims Hover Near Lowest Level in Four Decades
Fewer Americans than forecast filed applications for unemployment benefits last week, giving workers more reason to feel secure in their jobs.
October 22, 2015Intermodal Rail Volume Rises 1% For Week
Weekly U.S. intermodal rail traffic rose 1% from the same period last year, the Association of American Railroads reported.
October 21, 2015Familiarity With Washington's Political Landscape an Asset for New ATA Chairman Pat Thomas
LOUISVILLE, Ky. — For Pat Thomas, senior vice president of state government affairs at UPS Inc. and the new chairman of American Trucking Associations, Big Brown’s gargantuan hub here epitomizes freight connectivity.
October 21, 2015Singapore Post Acquires TradeGlobal, Expands e-Commerce Services
Singapore Post has agreed to acquire TradeGlobal Holdings, a company based in Cincinnati that provides e-commerce and logistics services, from the investment firm Bregal Sagemount for $168.6 million.
October 21, 2015European Regulators Won’t Block FedEx-TNT Linkup
FedEx Corp. and TNT Express N.V. announced that European regulators won’t object to the companies’ $4.9 billion acquisition plan, a decision that removes a barrier to their deal.
October 21, 2015Investment Firms Acquire Great Western Leasing and Sales
Two private equity investment firms, Headhaul Capital Partners and Argosy Investment Partners, have acquired Great Western Leasing and Sales Inc. and will work with the company’s management to grow the business.
October 21, 2015Rush Enterprises 3Q Income Down 15% on Energy Sector Woes
Rush Enterprises Inc., a multistate network of truck dealerships and related services, reported third-quarter net income fell 15% year-over year as sharp declines in the energy sector cut into sales of related Class 8 trucks and aftermarket services.
October 21, 2015GM Profit Beats Expectations on Strong Truck Sales
General Motors Co. reported third-quarter profit that beat analysts’ estimates as strong light-truck sales in the United States and stable operations in China produced a record $3.1 billion in adjusted earnings before interest and taxes.
October 21, 2015Railcar Orders' Biggest Drop Since 1980s Hints at Slump in Industrial Production
North American railcar orders plummeted the most in at least 27 years as railroads shipped less oil and sand used for drilling, adding to concern over a U.S. industrial production slowdown.
October 21, 2015