Aluminum Giant’s CEO Sees Trade War’s Lasting Impact on Use
The trade war between the U.S. and China that’s clouded the global growth outlook will have a lasting negative effect on aluminum demand, Norsk Hydro ASA CEO Hilde Merete Aasheim said.
July 26, 2019China Allows Some Tariff-Free US Cotton, Pork Purchases
The Chinese government has approved several domestic companies to buy U.S. cotton, corn, sorghum and pork without being subject to hefty retaliatory tariffs, according to people familiar with the situation.
July 26, 2019Best Uses Electric Class 8 to Deliver Container, a First for Port Newark
Best Transportation announced it used a Class 8 battery-electric vehicle to deliver a container from Port Newark to a Costco wholesale location within New Jersey without incident, calling it a first at the port and part of the carrier’s ongoing evaluation of electric trucks.
July 26, 2019China Rejects FedEx’s Defense for Rerouted Huawei Packages
China rebuffed FedEx Corp.’s claims that it mistakenly rerouted some Huawei Technologies Co. packages to the U.S. and warned that authorities found other violations by the American delivery firm, raising concern the company could face repercussions from Beijing.
July 26, 2019Werner 2Q Revenue Is Up, but Company Says Freight Volume Is Slowing
Werner Enterprises Inc. on July 25 reported net income of $43.3 million, or 62 cents a share, for the quarter ending June 30. The results marked a 13.4% increase from $38.2 million, or 53 cents a share, from the second quarter in 2018.
July 25, 2019Universal Logistics Reports 12.9% Increase in Net Income for 2Q
Universal Logistics Holdings Inc. reported net income of $20 million for its quarter ending June 29, a 12.9% increase over the same quarter last year.
July 25, 2019Ervin Equipment Founder Greg Ervin Dies at 58
Greg Ervin, founder and CEO of Ervin Equipment Inc., died July 18 from injuries suffered in a motorcycle accident near Sweetwater, Tenn. He was 58.
July 25, 2019TruckPark App Added to HOS Software
Technology company TruckPark Inc. announced a strategic partnership with logistics and transportation industry software developer UTECH to provide truck drivers with easy access to find safe, secure parking.
July 25, 2019DOT Releases List of INFRA Grant Recipients
The U.S. Department of Transportation has chosen the recipients of the Infrastructure For Rebuilding America grants that support highway and bridge projects nationwide.
July 25, 2019EPA Dismisses California’s Emission Compromise With Automakers
Four major automakers reached a compromise with California’s clean-air regulator to boost fuel efficiency, a move the Trump administration dismissed as a “PR stunt” that wouldn’t affect its plans to ease mileage requirements enacted during the Obama administration.
July 25, 2019