United Parcel Service Inc. on July 24 reported strong second-quarter 2019 earnings that exceeded Wall Street analysts’ expectations.
Category: News
China Approves Tariff-Free US Soybean Purchases
The Chinese government has given the go-ahead for five companies to buy up to 3 million tons of U.S. soybeans free of retaliatory import tariffs as trade negotiations between the two nations continue, according to people familiar with the situation.
Amazon Has ‘Destroyed’ US Retail Industry, Says Treasury Secretary Steven Mnuchin
U.S. Treasury Secretary Steven Mnuchin alleged that Amazon has “limited competition” and harmed the retail industry as the Trump administration announced a broad antitrust review into whether technology companies are using their power to thwart rivals.
ATA Says Truck Driver Shortage On Course to Double in a Decade
The U.S. trucker shortage swelled by more than 10,000 to 60,800 in 2018 from a year earlier is expected to more than double to 160,000 over the next decade, according to new numbers released by American Trucking Associations.
Daimler Posts 2Q Loss on Higher Revenue
Global truck sales increased slightly at Daimler AG in the second quarter as it posted a net loss with higher revenue and outlined a series of moves to return to profitability, particularly at its largest division, Mercedes-Benz cars.
Small Trucking Firms See Tighter Lending Standards
With a freight recession underway, industry experts said creditors are applying tighter standards to many trucking firms, or any firm with a troubled history.
Glider Truck Maker Fitzgerald Wages Court Battle Over IRS’ $64 Million Excise Tax Bill
A federal judge has ruled that Fitzgerald Truck Parts and Sales can proceed with its lawsuit disputing an IRS claim that the glider truck maker owes more than $64 million in back tractor-trailer federal excise taxes, penalties and interest.
Fontaine Mod to offer pre-wiring for Lytx safety solutions
Fontaine Modification, which provides truck modification services, says it will offer pre-wiring packages for Lytx fleet solutions on major truck brands, including Ford, Hino, International, Volvo, Freightliner and Kenworth.
Lytx is a provider of vi
FEMA Official Touts Disaster Mitigation Program at US Chamber of Commerce
WASHINGTON — A new disaster mitigation program enacted into law last year received a resounding endorsement from a Federal Emergency Management Agency official addressing executives at the U.S. Chamber of Commerce on July 23.
Truck driver shortage on course to double in a decade
ATA estimates that 160,000 driver positions will go unfilled over next 10 years.