For-hire carrier ArcBest on Nov. 1 reported its third-quarter net income was $40.8 million, or $1.58 per share, on revenue of $826.2 million. That compares with 2017’s net income of $14.8 million, or 57 cents a share, on revenue of $744.3 million.
Category: News
Rush Debuts Stock Repurchase of Up to $150 Million
Rush Enterprises Inc., the only publicly traded network of commercial vehicle dealerships in North America, announced a new stock repurchase program of up to $150 million of its shares of common stock.
Exxon 3Q Profit Surges on Higher Energy Prices
DALLAS — Higher oil prices propelled Exxon’s third-quarter profit up 57% to $6.24 billion despite another drop in production. It was Exxon’s best third quarter since 2014, when the effects of a collapse in oil prices had not yet been felt, and a sign that Big Oil is coming back.
Shell Lubricants Announces Synthetic Oil for Trucks With Gasoline Engines
Shell Lubricants next year will introduce Shell Rotella Gas Truck, a full synthetic engine oil for towing and hauling in gasoline-powered pickup trucks and SUVs.
Sacramento Gets $44 Million in Electric Vehicles
Eleven Sacramento apartment complexes will soon have shareable Volkswagen electric vehicles — the first benefit the state has received after the company was ordered to spend $800 million promoting EVs as part of a settlement for its 2015 emission scandal.
Zonar, Cummins Partner on Engine Diagnostics
Fleet management services provider Zonar and engine maker Cummins Inc. announced that they are offering joint customers Cummins Connected Diagnostics with Connected Advisor, two wireless uptime technologies that are included with Cummins engines.
Haldex, Wabash Sign Standard Position Agreement
Haldex and Wabash National Corp. announced an agreement through 2021 for Haldex to be the standard brake adjuster and actuator supplier on the Wabash, Transcraft, Benson, Brenner, Beall, Walker and bulk trailer brands.
Haldex, Wabash Sign Standard Position Agreement
Haldex and Wabash National Corp. announced an agreement through 2021 for Haldex to be the standard brake adjuster and actuator supplier on the Wabash, Transcraft, Benson, Brenner, Beall, Walker and bulk trailer brands.
Paccar Parts Opens Distribution Center in Toronto
Paccar Parts opened a new 160,000-square-foot parts distribution center in Toronto, intended to increase parts availability and maximize uptime for customers across eastern Canada.
U.S. Xpress Enterprises Posts Record Profits
U.S. Xpress Enterprises reported record profits in the third quarter as the company benefited from strong freight volumes and higher rates.