Caterpillar’s 2020 Outlook Adds More Gloom to Markets
Caterpillar Inc., a worldwide barometer for manufacturing, is warning of more pain to come for the global economy in 2020.
January 31, 2020Odyssey Logistics & Technology Acquires RPM Consolidated Services
Odyssey Logistics & Technology Corp. acquired full-service logistics and warehousing provider RPM Consolidated Services Inc., the Danbury, Conn.-based company announced Jan. 30.
January 31, 2020Trump Signs Executive Order to Combat Human Trafficking
President Donald Trump has signed an executive order that is meant to help fight human trafficking and sexual exploitation, which is one of the trucking industry’s biggest initiatives.
January 31, 2020USA Truck Reports Q4 Loss, Cuts Nondriver Staff by 8%
Van Buren, Ark.-based truckload carrier USA Truck says in the fourth quarter it reduced its nondriver staff by 8% as the company reported a quarterly loss of $4.8 million or 56 cents per share, compared with net income of $5.3 million or 64 cents per share for the same period last year.
January 31, 2020Volvo Reports Higher Q4 Income, Flat Revenue
Volvo Group reported flat revenue and stronger net income in the fourth quarter compared with a year earlier as deliveries of construction equipment and buses grew and truck deliveries declined.
January 31, 2020Talbert Offers Modular Trailer Design
Heavy-haul trailer maker Talbert Manufacturing introduced its 65SA modular trailer that incorporates multiple axle configurations, based on customer requirements, for optimum versatility and regulatory compliance.
January 31, 2020US Lifts Sanctions on Unit of China COSCO Shipping Corp.
The U.S. lifted sanctions against a unit of China’s biggest shipping company that was accused of hauling Iranian crude in violation of American restrictions.
January 31, 2020Commodity Shipping Costs Fall 99.95% After Coronavirus Slams Market
The coronavirus crisis in China has hammered many markets this month: none may have felt a bigger impact than freight, reflecting consequences for raw materials, including iron ore, that are carried by sea.
January 31, 2020Amazon Offers New Jobs to Employees in Pinnacle's 1,600-Person Layoff
An aviation and trucking company that operates out of BWI Thurgood Marshall Airport will lay off more than 1,600 people this spring, and Amazon has offered all hourly employees jobs at the same location.
January 31, 2020Georgia Legislative Panel Recommends $121.5 Billion Freight Spend
Georgia should spend up to $121.5 billion more over 30 years to improve the movement of freight across the state, a legislative panel has recommended.
January 31, 2020