Strong 4Q Results for the New Knight-Swift
Knight-Swift Transportation reported results for its first full quarter as a single firm Jan. 30 since Knight and Swift closed on their $6 billion merger in September to become one of the largest full truckload carriers.
January 30, 2018Werner Profits Climb Despite Logistics Challenges
Werner Enterprises reported fourth-quarter net income of $30.6 million Jan. 29, or earnings per diluted share of 42 cents, beating expectations of analysts surveyed by Bloomberg of $27.8 million and 39 cents per share. Earnings per share in the year-ago quarter was 30 cents.
January 29, 2018FedEx to Spend $3.2 Billion in Tax Reform Savings on Staff, Operations
FedEx Corp. ramped up staff pay boosts and corporate investments arising from the December passage of the U.S. Tax Cuts and Jobs Act, saying it would spend more than $3.2 billion to increase employee compensation, bulk up the company’s pension plan and invest in several of its hubs.
January 26, 2018Marten Transport Records Steady Fourth-Quarter Results
Marten Transport reported Jan. 25 net income of $8.6 million, or 16 cents per diluted share, for the fourth quarter of 2017. The results met the expectations of analysts surveyed by Bloomberg.
January 25, 2018Spending on Trucking Services Soars in Fourth Quarter
Spending on trucking services advanced by their highest rate this decade in the fourth quarter of 2017, spurred by demand and tight capacity, according to the U.S. Bank Freight Payments Index, a quarterly measure of quantitative changes in freight shipment and spending activity tracked on a national and regional level.
January 25, 2018Strong 4Q Helps Norfolk Southern Finish Year With a Flourish
Norfolk Southern Corp. released on Jan. 24 results for the fourth quarter and full-year 2017, beating analyst expectations and growing its intermodal revenues by 14% in the quarter.
January 24, 2018New Vehicles Tackle Challenges of Urban E-Commerce
Two entrepreneurs are introducing an autonomous vehicle and electric cargo bike designed to reduce the costs arising from the last-mile delivery and returns of e-commerce merchandise in urban areas.
January 23, 2018Truck Tonnage Down in December, Up for 2017
Truck tonnage rose 3.7% in 2017, the largest annual increase since a 6.1% gain in 2013, according to American Trucking Associations’ Truck Tonnage Index. The annual increase came despite a 5.7% year-end drop in tonnage from November to December.
January 23, 2018Canadian Pacific Sees Solid Fourth Quarter
Canadian Pacific Railway reported healthy fourth-quarter and yearly results, with income boosted in part by the recent reduction in the U.S. corporate tax code from 35% to 21%.
January 19, 2018Autonomous Trucks to Haul Cargo in Arizona
An autonomous-driving technology firm plans this year to begin commercial-hauling operations in Arizona using Class 8 trucks that will require nearly no driver control of the vehicle.
January 18, 2018