USA Truck saw second-quarter revenue and net income decrease compared with the prior year, the company reported July 27.
July 27, 2020BusinessLogisticsTop 100
Forward Air Invests $40 Million in Columbus Hub Expansion
Forward Air Corp. is expanding the capacity of its national hub in Columbus, Ohio, by approximately 30%, the company announced July 27.
July 27, 2020BusinessTechnologySafetyTop 100
Pandemic Forces Some Fleets to Furlough Drivers, but Others Have Been Quick to Hire Them
As the coronavirus pandemic took hold, it disrupted freight demand in many segments of the economy, forcing some carriers to furlough drivers while others were quick to hire those furloughed drivers as a way to swiftly onboard experienced commercial vehicle operators.
July 27, 2020BusinessFuelTop 100
Schlumberger Shrinks Staff to Lowest Since Pre-Shale Era
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, 2020BusinessLogisticsTop 50Top 100
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, 2020BusinessTop 100
Knight-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, 2020GovernmentBusinessFuelLogisticsTop 100
Baker 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, 2020BusinessFuelTop 100
Halliburton 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, 2020BusinessLogisticsTop 100
J.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, 2020GovernmentBusinessTop 100
ATA 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, 2020