Ryder System Inc. reported record fourth-quarter revenue and a loss in earnings due to previously announced expenses.
Category: News
Ryder Posts Earnings Loss, Record Revenue in Q4
Ryder System Inc. reported record fourth-quarter revenue and a loss in earnings due to previously announced expenses.
Tesla Offers $2B in Added Shares, Stock Goes Up Despite Dilution
Shares of Tesla rose about 1.5% in trading the morning of Feb. 13 after the electric vehicle and solar panel maker said it would sell over $2 billion worth of additional shares.
Rush Reports Q4 Declines, Record Annual Revenue
Commercial vehicle dealership Rush Enterprises Inc. reported declines in fourth-quarter net income and revenue amid a falloff in Class 8 sales, but on an annual basis, achieved record revenue of nearly $6 billion plus increased profits.
Trucking Stakeholders Question CARB’s Zero-Emissions Plan
A plan by California environmental regulators to get zero-emissions vehicles on the road as soon as possible is getting pushback from truckers and other concerned industry stakeholders.
Coronavirus Is Wreaking Havoc on Global Mail Delivery
In a world dominated by email and smartphones, the shipping industry still relies heavily on paper documents delivered by courier. With people unable or unwilling to travel to China because of the coronavirus, that dependence is wreaking havoc on commo…
Energy Agency: Virus to Cause First Oil Demand Decline in Decade
The International Energy Agency expects demand for oil to fall in the first quarter as a result of the virus outbreak that emanated in China. Any fall would represent the first quarterly decline in a decade.
Eric Boyette Appointed Chief of North Carolina DOT
Eric Boyette will serve as the next secretary of the North Carolina Department of Transportation, Gov. Roy Cooper announced.
CEOs, Lawmakers Sound Alarm on Canadian Rail Protests
Escalating protests against a Canadian natural gas pipeline are putting shipments of grain, propane, lumber and consumer goods in jeopardy and prompting consternation among executives and lawmakers.
Amazon Pays $50M for Former Old Chicago Amusement Park, Mall
Online retail giant Amazon .com Inc. has paid more than $50 million for the former site of Old Chicago, an indoor amusement park and mall in Bolingbrook that predated massive experiential shopping centers like Minnesota’s Mall of America.