Profits at Paccar Inc. surged 63.5% in the first quarter of 2024, outstripping analysts’ expectations.
Category: News
Amazon Sees Strong Q1 Results Driven by Cloud-Computing Unit
NEW YORK — Amazon reported strong results for the first quarter, driven by growth in its cloud-computing unit and a new surge of advertising dollars from its Prime Video streaming service.
Containership Hit Far in Arabian Sea; Houthis Claim Attack
JERUSALEM — A containership came under attack by a drone in the far reaches of the Arabian Sea, corresponding with a claim by Yemen’s Houthi rebels that they assaulted the ship there.
Proxy Firm: Norfolk Shareholders Should Split Ticket in Vote
Norfolk Southern’s CEO won support from adviser Institutional Shareholder Services before a shareholder vote on an activist-driven push to replace the railroad’s leadership team.
US Ports Report Continued Volume Gains in First Quarter
U.S. ports closed out the first quarter in March with continued year-over-year increases in container volumes.
New Montana I-90 Rest Area Adds 35 Truck Parking Spots
Montana is progressing on plans to provide more truck parking along its busiest freight route on Interstate 90.
FMCSA Denies Florida’s CDL Skills Test Petition
The Federal Motor Carrier Safety Administration has told a Florida licensing agency that CDL applicants cannot continue to taking a skills test after failing the pre-trip inspection.
ArcBest Reports $1 Billion Revenue for Q1
ArcBest saw its bottom line swing from a profit to a loss and posted a decline in revenue during Q1 on the heels of market softness and weather-related delays, the company reported.
Saia Q1 Profit Increases 19.2% as Revenue Rises 14.3%
Saia Inc. posted a 19.2% increase in profits in the first quarter of 2024 but undershot analyst and market expectations, even as key metrics improved.
GXO Completes Acquisition of UK-Based Wincanton
GXO Logistics has completed its acquisition of the U.K.-based transport and logistics services company Wincanton, the company announced April 29.