Wex’s First-Quarter Profit Rises
Fleet payment-processing company Wex Inc. said its first-quarter profit increased on growth in the domestic fleet market.
April 30, 2014Best Trucking Management Software Buyer’s Guide
For growing carriers, choosing the right Trucking Management Software (TMS) is vital for the efficiency and growth of your transportation business. As we move into 2024, it's crucial to understand the key features and considerations that make a TMS solution stand out, and which ones play to your unique operation.
Interstate 10 at Alabama-Florida Border Shut Down After Heavy Rain
Interstate 10 was closed for several hours at the Alabama-Florida state line after the Florida Panhandle and Alabama Gulf Coast were hit with widespread flooding early Wednesday, the Associated Press reported.
April 30, 2014Volkswagen Extends Scania Offer Deadline After Failing to Win 90%
Volkswagen AG extended the offer period for its $9.2 billion bid to buy out Swedish truck maker Scania AB after failing to reach the necessary 90% threshold of approvals.
April 30, 2014C.H. Robinson’s Net Income Dips 9.8%
C.H. Robinson Worldwide Inc., based in Eden Prairie, Minnesota, said net income in the first quarter fell 9.8% to $93.2 million, or 63 cents per share, from $103.3 million, or 64 cents per share, as profit margins came under pressure.
April 30, 2014Kraft to Phase Out Truck Fleet
Kraft Foods Group will phase out its fleet of 200 tractors and 700 trailers by the end of 2014, a company spokeswoman said.
April 29, 2014Foxx Sends Four-Year Transportation Bill to Congress
Transportation Secretary Anthony Foxx sent Congress a four-year transportation bill that relies on business tax reforms as a way to boost funds for a federal highway account that is quickly running out of money.
April 29, 2014Paccar’s 1Q Profit Improves as Truck Sales Rise
Original equipment manufacturer Paccar Inc. reported its first-quarter earnings rose on higher truck sales.
April 29, 2014Cummins’ 1Q Income Gains as North America Sales Jump 25%
Engine maker Cummins Inc. said April 29 its first-quarter profit improved on higher North American sales.
April 29, 2014Eaton’s First-Quarter Incomes Improves
Vehicle component maker Eaton Corp. said its first-quarter net income rose to $441 million, or 92 cents a share, from $380 million, or 79 cents, a year earlier.
April 29, 2014Allison’s Income Nearly Doubles
Allison Transmission Holdings reported its first-quarter net income nearly doubled on stronger conditions in the trucking industry.
April 29, 2014