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U.S. Xpress Announces Strong Profit for Q3

U.S. Xpress U.S. Xpress Enterprises

U.S. Xpress Enterprises posted increased earnings on a modest revenue gain during the third quarter, the fleet announced Oct. 22.

Connor D. Wolf | Staff Reporter
October 22, 2020
Government, Business, Fuel

Chicago Mayor’s Budget Proposal Calls for City Fuel Tax Hike

View of Chicago A view of Chicago at sunrise. Chicago’s current vehicle fuel tax rate is 5 cents per gallon. Additionally, Illinois’ motor fuel tax is 46 cents per gallon for diesel and 38 cents per gallon for gasoline. (Gian Lorenzo Ferretti Photography/Getty Images)

Chicago is planning for a 3-cent fuel tax increase in an effort to help restore the city’s financial well-being amid the coronavirus pandemic,

Eleanor Lamb | Staff Reporter
October 22, 2020
Business, Technology, Fuel

Early Adopters of Electric Trucks Say Planning, Partnerships Are Crucial

Paul Rosa Paul Rosa by Transport Topics

Truck makers are beginning to introduce battery-electric models, but successfully deploying this new breed of commercial vehicle requires fleets to manage a bevy of new considerations, including installation of charging equipment, coordination with utility companies and exploring government incentives.

Seth Clevenger | Managing Editor, Features
October 22, 2020
Business, Technology, Safety

Integrated, Connected Technology Gaining Speed

Sopariwala Chintan Sopariwala of Navistar (Transport Topics)

The data underpinning equipment and freight deliveries carries many benefits for fleets willing to integrate factory-installed telematics, service communications and fleet management solutions into a useful stream of data, experts said Oct. 22 during American Trucking Associations’ Management Conference & Exhibition.

Roger Gilroy | Senior Reporter
October 22, 2020
Government, Business, Logistics

States Lose Fight to Get USPS Outside Monitor for Election Mail

A postal worker loads a delivery vehicle at the post office in Cranberry Township, Pa. A postal worker loads a delivery vehicle at the post office in Cranberry Township, Pa. (Gene J. Puskar/Associated Press)

States that claim changes by the U.S. Postal Service will threaten mail-in voting failed again to get an independent monitor appointed to observe the agency’s compliance with a court order.

Erik Larson | Bloomberg News
October 22, 2020
Business, Safety

Poor Insurance Underwriter Performance Is Causing Increasing Rates, Expert Says

Ryan Erickson Ryan Erickson of McGriff Insurance Services. (Transport Topics)

The insurance underwriting industry continues to face financial uncertainty, characterized by historic underwriting losses for the transportation sector and rising insurance rates for motor carriers, insurance executives said during a virtual educational session at American Trucking Associations’ Management Conference & Exhibition.

Eric Miller | Senior Reporter
October 22, 2020
Government, Business, Top 100

Mullen Reports Profit Gain on Lower Revenue in Q3

Mullen Group truck Mullen Group CEO Murray Mullen said the motor carrier has brought back almost all of its furloughed workers. (Mullen Group)

Mullen Group posted a gain in profit during the third quarter, helped by COVID-19-related economic subsidies, an improving economy and strong e-commerce business.

Jerry Hirsch | Contributing Writer
October 22, 2020
Business

US Consumer Comfort Falls to Seven-Week Low

Shoppers walk through the Queens Center shopping mall in Queens, N.Y., on Sept. 9. Shoppers walk through the Queens Center shopping mall in Queens, N.Y., on Sept. 9. (Peter Foley/Bloomberg News)

A weekly measure of U.S. consumer confidence fell to a seven-week low on significant declines in attitudes toward the economy and buying climate — just about two weeks before the presidential election.

Jarrell Dillard | Bloomberg News
October 22, 2020
Business

Union Pacific Posts Lower Net Income, Revenue in Q3

Union Pacific A Union Pacific train. (Oregon Department of Transportation)

Union Pacific Corp. is the latest Class I railroad to report lower third-quarter earnings when measured against 2019, with company officials saying Oct. 22 the COVID-19 pandemic is responsible for the drop in net income and revenue.

Dan Ronan | Associate News Editor
October 22, 2020
Business, Logistics

CSX Reports Lower Q3 Net Income, Revenue

CSX train Revenue for CSX in Q3 dropped 11% to $2.64 billion compared with $2.97 billion in Q3 of 2019. (Gene J. Puskar/Associated Press)

CSX Corp. reported a slip in third-quarter financial results due to the impact of the coronavirus pandemic on shipments.

Dan Ronan | Associate News Editor
October 22, 2020

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