Total Quality Logistics announced it would construct a second building on its headquarters campus to accommodate nearly 600 new employees that the company anticipates hiring, primarily in sales and information technology roles, over the next five years.
Category: News
Amazon Results to Show Extent of Sales Boost From 1-Day Shipping
The effects of Amazon.com’s one-day shipping push on profitability and sales will be watched closely when the e-commerce giant reports earnings July 25.
Mullen Group’s Revenue Jumps 7.9% as Oil Service Remains in Demand
Canadian carrier Mullen Group Ltd. increased revenue by C$23.3 million, or 7.9%, to $319 million in the second quarter ended June 30, according to a company news release.
FMCSA Plans Survey on Harassment, Assaults of Minority, Female Truck Drivers
The Federal Motor Carrier Safety Administration is drawing up plans for a survey and study to better understand the “prevalence, seriousness, and nature of the problem of harassment and assaults against minority and female truckers.”
VW Bucks Downward Trend in Weak Markets on Strength of SUV Deliveries
Volkswagen AG joined PSA Group in using sales of lucrative SUVs to stand out against a crowd of carmakers struggling with the auto market’s downturn.
Business-Equipment Orders Jump by Most Since Early 2018
Orders placed with U.S. factories for business equipment posted the biggest gain in more than a year, and shipments unexpectedly increased, suggesting corporate investment is regaining momentum despite tariffs and global weakness.
Tesla Plunges on Profit Doubts, Co-Founder J.B. Straubel’s Surprise Exit
Tesla Inc. shares plummeted after a worse-than-expected loss and yet another major management change cast fresh doubts on the electric car maker’s future.
ODFL Sets Company Records as Earnings, Revenue Rise
Less-than-truckload carrier Old Dominion Freight Line reported higher net income and revenue in the second quarter as it achieved, amid lower shipments and tonnage, company records for revenue, operating ratio and earnings per diluted share.
CARB, Four Automakers Reach Deal That Circumvents White House, Sources Say
Four major automakers have reached a secret deal with California to increase gas mileage and greenhouse gas emissions standards, bypassing the Trump administration’s plan to freeze standards at 2021 levels, according to two people briefed on the matter.
GDP Growth of 1.8% Seen for 2Q
Trade tensions likely helped push down U.S. economic growth last quarter to match the slowest pace of Donald Trump’s presidency, with a robust consumer spending keeping things from looking even worse.