Universal Expects Growth in Operating Income, EPS for First Time Since 2015
Universal Logistics Holdings Inc. expects revenue to grow about 10% in the third quarter when earnings are released after the market closes Oct. 26.
October 6, 2017World Direct Shipping to Double Port Manatee Service
Six months after extending its agreement with Port Manatee, Fla., through 2019, ocean carrier World Direct Shipping is adding a second weekly sailing between Veracruz, Mexico, and the Palmetto port.
October 6, 2017Senate Confirms Nominee for Pipelines Agency
Howard “Skip” Elliott will be the next administrator of the Pipeline and Hazardous Materials Safety Administration following his Senate confirmation on Oct. 5.
October 6, 2017AAPA’s New Chairman From Port Everglades Begins One-Year Term
Steve Cernak has officially begun his duties as the new chairman of the American Association of Port Authorities, replacing Mark McAndrews.
October 6, 2017West Memphis, Tenn., Beefing up Deepwater Port’s Rail Service
A $10.9 million upgrade of West Memphis port facilities is under way, increasing connectivity among river, road and rail traffic and offering potential for up to 3,000 new jobs.
October 6, 2017C.A.T. Holding Boosts Truckload Business in Canada With Purchase of SLH Transport
Canadian American Transport Holding Inc. announced that it has acquired SLH Transport in Kingston, Ontario — a move that triples the size of its truck fleet in Canada and provides stability for employees of SLH Transport, a carrier whose owner, Sears Canada, filed for bankruptcy protection in June.
October 6, 2017Driver Safety Startup Idelic Gets $1 Million in Funding
Idelic Inc., a technology startup recently spun off by Pitt Ohio, a regional freight carrier based in Pittsburgh, has received $1 million in seed financing to develop SafetyBox, a program that analyzes data to help trucking companies and fleet operators identify at-risk drivers.
October 6, 2017Port of Virginia Receives Federal Grant to Develop Truck Appointment System
The Port of Virginia will receive a grant of $1.55 million from the Federal Highway Administration to reduce truck congestion through better technology.
October 6, 2017Cardinal Logistics to Lay Off 69 Employees in Virginia on Dec. 2
Cardinal Logistics Management Corp. will lay off 69 employees in Salem, Va., on Dec. 2 because of the “unexpected termination of a major business contract,” according to a filing with the state. Most of the 69 are truck drivers.
October 6, 2017Ryder Adds Maintenance Options at Texas Facility
Ryder System Inc. upgraded its maintenance facility in Grapevine, Texas, to service both diesel and advanced fuel vehicles.
October 6, 2017