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Business, Equipment

Volvo Sees Q3 Profit, Revenue Fall but Notes Improvement Near End of Quarter

Volvo headquarters Volvo Group

Volvo Group posted third-quarter declines in net income and revenue as truck orders rose but deliveries dropped.

Roger Gilroy | Senior Reporter
October 20, 2020
Business

2020 MCE Kicks Off Under Virtual Format

Chris Spear ATA President Chris Spear is set to deliver his state of the industry address Oct. 26 at MCE 2020, which will be held virtually due to the pandemic. (American Trucking Associations)

Trucking executives and other industry stakeholders who originally would have traveled to Denver will instead turn their attention online for ATA’s 2020 Management Conference & Exhibition, which will proceed as a virtual event due to the ongoing coronavirus pandemic.

Eugene Mulero | Senior Reporter
October 20, 2020
Business, Technology, Perspective

Perspective: Leading in an Unprecedented Year

Last year, when I accepted my peers’ support to become the 75th chairman of American Trucking Associations, I had no idea what would be in store for me.

Randy Guillot | Chairman, American Trucking Associations
October 20, 2020
Government, Business, Logistics

USPS Still Not Processing Election Mail Fast Enough, States Say

A USPS carrier gets into her truck to deliver mail in Philadelphia in May. A USPS carrier gets into her truck to deliver mail in Philadelphia in May. (Matt Rourke/Associated Press)

The U.S. Postal Service still isn’t processing election mail on time, even after being ordered by judges to halt disruptive changes like banning worker overtime and late delivery trips, Pennsylvania’s attorney general said.

Erik Larson | Bloomberg News
October 20, 2020
Business, Logistics, Breaking News

September Tonnage Down Year-Over-Year, but Rebounds After August Decline

Trucks on highway John Sommers II for Transport Topics

Truck tonnage in September declined a seasonally adjusted 2.7% when compared with year-ago levels, marking the sixth consecutive month of year-over-year declines, American Trucking Associations said Oct. 20.

Dan Ronan | Associate News Editor
October 20, 2020
Business, Technology, Fuel

GM to Plan Third EV Plant in Big Plug-In Bet

An employee works on a Chevrolet Sonic vehicle at the GM plant in Orion Township, Mich., in June 2017. An employee works on a Chevrolet Sonic vehicle at the GM plant in Orion Township, Mich., in June 2017. (Jeff Kowalsky/Bloomberg News)

General Motors Co. is investing more than $2 billion in six U.S. plants, including a makeover of a former Saturn plant in Tennessee into its third factory to produce electric models.

David Welch | Bloomberg News
October 20, 2020
Government, Business, Fuel

Oil Slips With Renewed Virus Restrictions Sapping Rebound

Oil storage tanks stand in Cushing, Okla. Oil storage tanks stand in Cushing, Okla. (Daniel Acker/Bloomberg News)

Oil slipped as nations reimposed tighter lockdown restrictions in hopes of containing a resurgent pandemic that is depressing demand.

October 20, 2020
Business, Equipment

Paccar Q3 Net Income, Revenue Fall Amid Signs of Rebound

Paccar and Peterbilt lineup at CES Battery-electric and automated trucks from Kenworth and Peterbilt by Seth Clevenger/Transport Topics

Paccar Inc. reported sharply lower third-quarter net income and revenue as its aftermarket presence, financial services and rebounding truck production bolstered the results.

Roger Gilroy | Senior Reporter
October 20, 2020
Business, Technology, Logistics

RK Logistics Accelerates Silicon Valley Expansion Plans

RK Logistics Group is accelerating its expansion into Silicon Valley with new facilities, company leadership detailed Oct. 19.

October 20, 2020
Government, Business

Stimulus Nears Election Endgame on Pelosi Deadline, Senate Vote

Treasury Secretary Steven Mnuchin, who's on a trip to the Middle East, will speak on the phone with Nancy Pelosi on Oct. 20. Treasury Secretary Steven Mnuchin, who's on a trip to the Middle East, will speak on the phone with Nancy Pelosi on Oct. 20. (Oliver Contreras/Bloomberg News)

After months of on-again, off-again talks on an increasingly needed fiscal-stimulus package, Oct. 20 is shaping up as a do-or-die moment for Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi to get a virus relief deal done in time for Election Day.

Billy House and Erik Wasson | Bloomberg News
October 20, 2020

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