Meal, Rest Break Pre-emption Not Included in FY2017 Budget Agreement
A meal and rest break provision sought by trucking industry leaders was not attached to legislation that would keep the federal government funded through the remainder of the fiscal year.
May 1, 2017TL Profits Mostly Down
Truckload companies continue to struggle in the first quarter, with executives in the industry assigning blame to continued excess capacity, bad weather and a weak used-truck market.
May 1, 2017Opinion: More Mergers and Acquisitions for Truckers
The recent announcement that Knight Transportation and Swift Transportation are merging is a much bigger and industry-changing event than realized. It comes on the heels of another major development: the public offering by Schneider. In three years, these two deals will be viewed as having set in motion a number of mergers and acquisitions at a pace never witnessed before in the truckload and intermodal industry.
May 1, 2017Editorial: Mr. President, Meet Maureen Torrey
The first 100 days of the Trump presidency have come and gone, and while that may be an arbitrary timeframe for evaluating achievement, there’s no denying the fact that the White House has become the epicenter for debate over where we go from here.
May 1, 2017Trump’s Infrastructure Plan Coming in Summer, Chao Says
The Trump administration is targeting early summer to unveil a long-term infrastructure bill, meaning that the president will not deliver on a campaign promise to put forth a plan within his first 100 days. But the White House provided some clarity on when the nation can expect to hear details on the promised 10-year, $1 trillion plan.
May 1, 2017Cargo Thefts Total $28.7 Million in First Quarter, CargoNet Says
Cargo thefts rose in the first quarter as criminals stole more than $28.7 million in freight in 192 incidents, up from the same period in 2016 in terms of volume and total loss, according to quarterly data from CargoNet.
May 1, 2017Va. Transportation Chief Layne Says He’s a ‘Big Believer’ in P3s
ARLINGTON, Va. — When he first took office in 2014, Virginia Transportation Secretary Aubrey Layne said he wanted to ensure politics would not guide his agency on how to choose and fund infrastructure projects, including sometimes unpopular public- private partnerships.
May 1, 2017Paper Checks Still Common in Trucking; Move Underway to Migrate to E-Payments
Many trucking and third-party logistics companies still write checks to pay their invoices, but efforts are underway to transition from pen and paper to point-and-click e-payments. If successful, it would shift decades-old business patterns ingrained in the industry.
May 1, 2017Truck, Trailer OEMs Post Profits in Lackluster Equipment Market
Three of the world’s largest heavy-duty truck makers reported profitable financial results last week after also benefiting from their other lines of businesses and some insulation from the North American market.
May 1, 2017UPS 1Q Income Rises 2.4%
UPS Inc. struggled with currency exchange rates but benefited from a new treatment in taxes and wound up with a 2.4% gain in first-quarter net income and a 6.2% surge in global revenue.
May 1, 2017