Heavy-equipment manufacturer Cummins on May 1 reported first-quarter 2018 net income of $325 million, or $1.96 per diluted share. That is a drop of $71 million and $0.40 per share compared with the first quarter of 2017.
May 1, 2018BusinessEquipment
Dana Reports Rise in 1Q Net Income, Revenue
Dana Inc. reported April 30 first-quarter net income of $108 million, or 73 cents per share, on revenue of $2.1 billion, a 26% rise from $1.7 billion in the first quarter of 2017.
May 1, 2018BusinessEquipment
Allison Transmission Income, Revenues Jump in First Quarter
Allison Transmission reported first-quarter 2018 net income of $151 million, or $1.09 per share, up 82% from the $83 million, or 53 cents per share, of net income reported in the first quarter of 2017.
April 30, 2018BusinessEquipment
M&K Truck Centers Promotes Pilecki to President
Truck dealership M&K Truck Centers promoted Ted Pilecki to president, effective immediately.
April 30, 2018Business
Old Dominion Freight Line Posts Record First-Quarter Revenue of $925 Million
Old Dominion Freight Line Inc. reported total revenue for the first quarter increased by more than 22% to $925 million, the first time quarterly revenue exceeded $900 million in the company鈥檚 history. In 2017, first-quarter revenue was $754 million. Old Dominion said this is the fourth consecutive quarter of double-digit revenue growth.
April 26, 2018Editorial
Editorial: The Ceiling on a Hot Freight Market
As the U.S. economy and truck tonnage continue to power forward, trucking companies are enjoying the benefits of a hot freight market where their services are in high demand. At the same time, tight hauling capacity is making it tougher for shippers to find the trucks needed to transport their goods.
April 26, 2018BusinessLogisticsTop 50
XPO Logistics Appoints Troy Cooper, Kenneth Wagers to Executive Posts
XPO Logistics promoted Troy Cooper to the newly created position of president from COO, and appointed Kenneth Wagers COO with responsibility for operations in 32 countries.
April 24, 2018BusinessFuel
TravelCenters Receives $10.7 Million From Comdata in Lawsuit
TravelCenters of America reported that Delaware鈥檚 Chancery Court awarded attorney鈥檚 fees and costs that the company incurred in its litigation with Comdata Inc., the Brentwood, Tenn.-based payments firm and division of Fleetcor. TravelCenters reported that Comdata on April 13 reimbursed about $10.7 million in costs and interest.
April 23, 2018Business
Technology Firm Project44 Raises $35 Million in New Funding Round
Logistics technology firm project44 announced April 17 it raised $35 million in a new funding round led by OpenView Venture Partners.
April 23, 2018Business
DHL Express Expands New York City Operations
DHL Express U.S. has invested more than $13 million in two facilities in New York City to support international trade growth and the rise of international e-commerce, the company announced.
April 18, 2018