USA Truck (NASDAQ: USAK) posted its most profitable first quarter results since 2006 on April 25. The quarter is now the seventh straight quarter of profitability.
Covenant Transportation Group (NASDAQ: CVTI) posted adjusted earnings per share (EPS) of $0.27 for the first quarter of 2019, beating analyst estimates and edging past the expectations the company itself announced earlier this quarter.
The company’s net income in the first quarter was $37.1 million, or $0.98 cents per diluted share, up 76.6 percent compared to net income of $21 million, or $0.51 per diluted share, in the first quarter of 2018. This exceeded analysts’ expectations of $0.88 per share for the first quarter of 2019.
Ford invests $500M in electric pickup maker; plus U.S. may be pulling freight from trucking, India seeks logistics technology upgrades, and scientists call for unity on electric vehicles.
Rush Enterprises (NASDAQ:RUSHA) reported strong first quarter 2019 revenues of nearly $1.34 billion on April 24, up 8.7 percent from $1.24 billion compared with the previous year.
Kenworth will increase the size its Chillicothe, Ohio, manufacturing plant by nearly 25 percent once a new paint facility comes online in early 2021, the company said at a groundbreaking for the $140-million, 120,000-square-foot building.
Pay hike include Port of Vancouver drivers, who went on strike five years ago.
Chattanooga, Tennessee-based U.S. Xpress Enterprises, Inc. announced on April 22 it has created a new division, U.S. Xpress Ventures, and has appointed Cameron Ramsdell as president.
Volvo Trucks North America recalled 14,009 2018-2020 VNL and VNX heavy-duty trucks because the adhesive bond between the glass and hinge of the sleeper bunk window may detach and fall from the vehicle.
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Fleets are rapidly deploying video solutions, finally convinced of their benefits, and Trimble is one of the companies benefiting from this.
Nikola Motor introduced its hydrogen-electric truck to the world, and it has a few big supporters, including Anheuser-Busch.
Coretex supplies fleet management solutions. Known for its refrigerated trailing monitoring capabilities, the company has recently expanded more into the cab with a new ELD and other services.
Thor Trucks announced it is changing its name to XOS on April 18 after settling a trademark infringement lawsuit with the maker of recreational vehicles with a similar name, Thor Industries Inc., in January.
In partnership with Reliance Partners …Distracted driving in the U.S. is a bigger cause for accidents than driving under the influence of alcohol or drugs. This could be prevented if fleets take responsibility and educate drivers on safe driving and also by remotely monitoring driving behavior.
The founding of Nikola Motor Company did not happen overnight; it actually dates back to a time when a six-year-old boy was bothering his railroad-working father and was sent to see a train engineer.
J.B. Hunt blames its earnings and revenue shortfall on weak intermodal freight volumes, harsh winter weather and concerns about possible tariffs on Chinese imports in its first quarter earnings report on April 15.
If you can get your hands on a Nikola Two hydrogen-electric truck in the near future, it could save you money compared to a diesel model, the company said. Getting one, though, will be hard due to early demand.
Market expert Dean Croke writes about the construction boom in Las Vegas, the number of flatbed trucks hauling steel to the city for its mega-construction projects, and the outlook for the flatbed truck market in 2019.
