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More trucking companies have released their third quarter financial earnings, showing improvements from a year earlier or at least maintaining their ground, despite complaints about the recent freight-hauling environment.
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The value of freight moved between the U.S. and its neighbors Canada and Mexico fell in August, totaling $92.4 billion, thanks largely to the drop in fuel and oil prices moved by pipeline and vessel.
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Economic growth in the U.S. lost a good portion of its momentum in the third quarter of the year, but the performance still may still be strong enough for the Federal Reserve to push interest rates higher before the year is out.
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One trucking company serving mainly the less-than-truckload market and another in the truckload sector have both reported lower third quarter earnings.
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A stretch of recently leaner times for at least one part of the nation’s manufacturing sector could be nearing an end, despite a new report showing lower new orders.
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A major OEM announced it is cutting its workforce even though it’s still well in the black as it released third quarter earnings this week while a truck and engine maker reported continued higher numbers.
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Sales of newly built, single-family homes fell to their lowest level since last November, while a separate report shows the first improvement in the nation’s manufacturing sector in five months.
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One truck maker has reported its third quarter profit doubled and is considering the sale of its used truck business while one of the nation’s largest trucking fleets has reported new records for the period in several areas.
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Existing home sales rebounded strongly in September following an August decline, according to the National Association of Realtors. That's not the only good news when it comes to an improving home market, and a separate report shows the overall economy isn't as bad as you may think.
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Daimler AG, Dana and Rush Enterprises all saw weaker third-quarter financials compared to a year ago, thanks in part to the recession in Brazil and the downturn in the North American oil and gas industry.
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