Schlumberger Ltd. posted its weakest sales in 14 years and is cutting one-fifth of its workforce while warning that new waves of COVID-19 could derail the nascent recovery in global energy demand.
July 24, 2020Search
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Justin Olsen, maintenance director at TCW, breaks down the hidden impact of poor trailer management on operations, compliance and safety.Â
Landstar Reports Lower Net Income in Q2
Landstar System Holdings Inc. on July 22 reported second-quarter net income and revenue were down compared with last year’s levels.
July 23, 2020Baker Hughes Bracing for Second Wave of COVID-19 Lockdowns
Baker Hughes Co. is bracing for a second wave of pandemic-induced lockdowns after the virus crippled economic activity around the world and compounded a historic oil bust.
July 22, 2020Knight-Swift Reports Slight Profit Increase in Q2
Knight-Swift Transportation Holdings posted a second-quarter profit increase of 1.2%, but revenue declined.
July 22, 2020Halliburton Rises on ‘Outstanding’ Cuts After Frack Slump
Halliburton Co. impressed investors by slashing costs more than expected as the fracking behemoth works its way through an historic shale bust. The shares surged more than 8%.
July 20, 2020J.B. Hunt Reports $121.7 Million in Net Earnings
J.B. Hunt Transport Services reported that second-quarter profits and revenue declined versus year-ago levels.
July 17, 2020ATA Lauds Trump’s Environmental Permitting Reforms
President Donald Trump’s push to advance infrastructure projects through environmental permitting changes earned broad support across the freight industry.
July 15, 2020Forward Air Expands LTL Footprint in Georgia
Forward Air Corp. will now offer less-than-truckload services in Savannah, Ga., the company announced July 13.
July 13, 2020Walmart Jumps With Amazon Prime Challenger Nearing Debut
Walmart Inc. will introduce a subscription service this month to compete with Amazon.com Inc.’s Prime program, according to a person familiar with the plans.
July 7, 2020YRC Secures Funding Agreements With Lenders, Government
Less-than-truckload carrier YRC Worldwide Inc. has reached an agreement with its lenders that will extend until 2024 the terms of $580 million in loans it is using to help improve its business operations.
July 2, 2020