XPO Logistics Reports Disappointing Earnings
XPO Logistics reported disappointing earnings for the fourth quarter of 2018 and lowered its guidance for 2019 due, in large part, to a sharp drop-off in shipments from its largest customer — believed to be Amazon.com.
February 14, 2019ELD Exemption for Livestock Haulers Part of Fiscal 2019 Congressional Funding Deal
Included in the law signed by President Trump Feb. 15 that funds federal agencies through fiscal 2019 is a provision that exempts livestock and insect haulers from the electronic logging device requirement.
February 14, 2019New ARTBA President to Congress: Fix the Highway Trust Fund
WASHINGTON — Dave Bauer, the new leader of the American Road and Transportation Builders Association, said he believes that raising and indexing federal fuel taxes is the best way to achieve sustainable funding for infrastructure upgrades needed around the country.
February 14, 2019Class 8 Sales Jump 39.7% in January
Daimler Trucks North America rode its Freightliner brand to a nearly 50% market share of U.S. Class 8 retail sales in January as volume industrywide cleared 20,000 units, WardsAuto.com reported.
February 14, 2019Nuro Raises Nearly $1 Billion From SoftBank Vision Fund
Nuro, a robotics company specializing in automating local commerce deliveries, has secured $940 million in funding from the SoftBank Vision Fund, according to a Feb. 11 press release.
February 14, 2019Ryder Posts Record Revenue for 4Q, Full Year
A strong economy and demand for freight movement led Ryder System Inc. to declare record revenue for its final 2018 quarter and the full year.
February 14, 2019Truck Parking Shortage Costs Drivers $4,600 a Year, Expert Says
ORLANDO, Fla. — The difficulty of finding truck parking is pushing drivers out of the business and contributing to the industry’s persistent driver shortage, according to experts who spoke at the Natso annual convention, held here Feb. 10-13.
February 14, 2019Amazon Ditches Plans for New York Headquarters
Amazon.com is pulling out of a plan to build a headquarters in New York City, after a backlash from some residents and politicians, the e-commerce giant said.
February 14, 2019Rush Earnings Mixed, but Beats Forecasts With Record New Truck Sales
Rush Enterprises reported lower fourth-quarter and full-year net income and higher revenue, but in the latest quarter beat analysts’ expectations as it sold a record number of new trucks.
February 14, 2019Coke Shares Drop Most Since 2008
Coca-Cola Co. plunged the most intraday in more than 10 years on Feb. 14 after the company released a lackluster forecast for 2019 and highlighted upcoming obstacles such as currency pressures, geopolitical tensions and weakening consumer sentiment.
February 14, 2019