Covenant Reports Higher 4Q Profits
Covenant Transportation Group reported higher profits from its dry van and refrigerated truckload operations in the final quarter of 2017, but earnings for the full year declined as the company was unable to supply enough trucks to take full advantage of increased demand for freight shipping during the peak holiday season.
ELD Compliance: More Thoughts From Key Executives
More comments from key executives on the state of ELD compliance, one month after the mandate went into effect.
ELD Compliance Rises, but Training, Enforcement Still Problematic
Compliance with a federal mandate to use electronic logging devices to record driver hours of service is on the rise, but the rollout is causing challenges for some carriers and drivers.
Business, Labor Leaders Offer Support for Infrastructure Funding
WASHINGTON — The chorus of support for funding highways and infrastructure grew louder last week with the U.S. Chamber of Commerce unveiling a four-point plan that would raise fuel taxes, expedite the permitting process, facilitate more private investment and help construction firms address a shortage of skilled labor.
CSX Executive James Foote Promises to Continue Hunter Harrison’s Vision for Railroad
The new management team at CSX Inc. released improved financial results for the fourth quarter of 2017 and promised to carry out former CEO Hunter Harrison’s vision of a new, more efficient and more profitable railroad.
Trade Experts Expect to See a ‘Zombie’ NAFTA
WASHINGTON — The most likely scenario of what will happen if negotiations to reset terms for the North American Free Trade Agreement are successful — or not — is that President Donald Trump announces, probably via Twitter, a U.S. withdrawal from the deal. This would leave what experts call a zombie NAFTA.
TRB Picks New Leaders, Honors Others for Service, Achievements
WASHINGTON — Each year, the annual meeting of Transportation Research Board brings together industry stakeholders from around the world to feast on a smörgåsbord of facts and figures, ideas, analysis and exhibits that push the frontier of geekiness.
IMC Cos. Adds H&M to National Drayage Network
IMC Cos. expanded its intermodal drayage operations with the purchase of H&M Terminal Transport from H&M International Transportation in Iselin, N.J.
Glass Hauler Belmont Joins Smokey Point Distributing
Specialized glass hauler Belmont Enterprises has joined Smokey Point Distributing, a flatbed and heavy specialized carrier that is part of the Daseke Inc. group of companies.
NAFTA Negotiations Proceed With Little to Show
Canada and Mexico are holding firm in their resistance to addressing America’s most contentious proposed changes to NAFTA in the latest talks, with the parties making some slow progress on areas of greater consensus.