Quarterly Profits Decline for 3PLs as Competition Puts Pressure on Rates
Third-party logistics providers reported profits that either fell or vanished in the first quarter even though revenue was on the rise, the companies said.
May 1, 2017Railroad 1Q Profits Increase on Rebound in Coal Shipping
All publicly traded freight railroads reported higher profits in the first quarter, led by a strong rebound in coal transportation from the doldrums of recent years and continued improvement in the intermodal sector.
May 1, 2017PrePass Provider Launches Inspection Data Analytics Tool
Help Inc., provider of the PrePass weigh-station bypass service, has launched InfoRM, a business intelligence tool designed to help fleets better understand their safety data and improve bypass rates.
April 28, 2017Allen Lund Co. Forms Joint Venture, TransKool Solutions
Allen Lund Co. has formed a joint venture with Santos International called TransKool Solutions, which will operate a temperature-controlled warehouse in McAllen, Texas, and offer brokerage services to transport produce and other refrigerated goods from Mexico to the United States and Canada.
April 28, 2017Saia Profits Up 7.7% With Help From Lower Tax Rate
Less-than-truckload earnings season began on a positive note with growth in shipments and revenue growth compared with the lackluster year-over-year results in the truckload sector.
April 28, 2017Senate Funding Leaders Ask Fed Watchdog to Review Effects of Autonomous Tech on Truckers
Rapid advancements in autonomous vehicle technology present the potential for machines to replace people in the workplace.
April 28, 2017CEOs Salivate Over Trump's Tax-Cut Plans, Vague as They May Be
CEOs are keeping their fingers crossed that the skeletal details offered up by President Donald Trump’s administration April 26 will turn into a concrete proposal to slash the corporate tax rate to 15% from the current 35%. That would free them up to invest and fuel economic expansion, they said in interviews and conference calls this week.
April 28, 2017Consumer Sentiment Little Changed in April
Household sentiment was little changed in April from the previous month, holding at an elevated level on optimism about personal finances, University of Michigan survey data showed.
April 28, 2017Indiana Will Soon See Benefits, Costs of Gas-Tax Increase
INDIANAPOLIS — It won't be long before Indiana residents feel the benefits and costs of a $1.2 billion infrastructure plan Gov. Eric Holcomb signed April 27, along with the state's two-year budget. "I can assure you come July, you and all of you, are going to smell asphalt morning, noon and night," Holcomb said.
April 28, 2017Western Star Showcases Highway, Vocational Trucks to Mark 50th Anniversary
PHOENIX — Western Star Trucks held a 50th anniversary event here on April 27, showcasing its custom trucks for highway and vocational applications and saluting its history rooted in Canada.
April 28, 2017