Truck transportation jobs fell in July for the fourth consecutive month and now are 30,000 jobs less than where they stood a year ago. The four-month sequence of job declines in the truck transportation sector reported by the Bureau of Labor Statistics, following revisions, is a decline of 1,600 jobs in April, 6,800 jobs in…
ArcBest reported second-quarter adjusted earnings per share of $1.98, 8 cents below the consensus estimate but 44 cents higher year over year. The result excluded items considered nonrecurring like costs tied to technology pilots and acquisition-related expenses. ArcBest’s (NASDAQ: ARCB) asset-based segment, which includes results from its less-than-truckload subsidiary ABF Freight, reported revenue of $713…
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The city of Laredo, Texas, recently passed an ordinance requiring all trucking companies using the World Trade Bridge to have $100 minimum in their automated vehicle identification (AVI) accounts in order to pay crossing fees. The ordinance, which was unanimously approved by the city council on July 22, is aimed at ferreting out commercial operators…
Amazon’s earnings, released after the market close Thursday, were notable on several key points. Among them: Wall Street’s reaction was decidedly negative. At about 4:40 p.m. EDT, Amazon (NASDAQ: AMZN) stock was down about 4.4%, to $175.94. It had been down 1.56% on the day to $184.07. The decrease occurred even though its earnings per…