Landstar Reports Record 1Q Revenue, Earnings, Loads Carried by Truck
Landstar System Inc. reported record first-quarter revenue and earnings per share, and net income climbed.
April 26, 2017Echo Global Posts First-Quarter Net Loss Despite Revenue Record
Third-party logistics provider Echo Global Logistics reported record revenue for a first quarter on April 26, but its small profit from the same quarter a year ago became a net loss, as purchased transportation costs increased and net revenue declined.
April 26, 2017Truckload Profits Fall at TFI, Knight, Patriot Transportation; Rise at Forward Air
Truckload carriers continued to struggle as three out of four companies reported lower quarterly earnings versus 2016 levels as the industry struggles with excess capacity and lower prices.
April 26, 2017Pennsylvania Airport Expanding to Handle More Amazon Planes
So many of those packages people insist on getting in two days have been ending up at Lehigh Valley International Airport, where airport officials are racing to build more space for Amazon.com cargo planes.
April 26, 2017Trump’s Infrastructure Plan Likely Out Early Summer, Rep. Graves Says
WASHINGTON — The Trump administration’s long-term funding proposal for fixing and modernizing the country’s infrastructure will likely be unveiled early in the summer, Rep. Sam Graves (R-Mo.), a senior transportation policymaker, said April 26.
April 26, 2017Daimler's First-Quarter Profits Double, but Trucks Not a Big Factor
First-quarter business rose and profits doubled for German manufacturer Daimler AG, but new truck sales were generally not part of the equation, and especially not in North America, the company reported April 26.
April 26, 2017Old Dominion Profits Up 9.1%, Beat Analyst Estimates
Old Dominion Freight Line Inc. reported profits rose 9.1% in the first quarter, a positive start for the major less-than-truckload companies scheduled to report earnings by May 5.
April 26, 2017Canadian National Struggling to Remain North America's Most-Efficient Railroad
Canadian National Railway Co. is running into challenges in maintaining its status as North America’s most efficient railroad.
April 26, 2017Mexico Sees NAFTA Trade Talks Starting in August
Mexico expects to start the renegotiation of the North American Free Trade Agreement, or NAFTA, with the United States and Canada in late August and talks should be completed within six months, the country's economy minister said April 26.
April 26, 2017Accuride Reaches Agreement to Acquire Wheel-End Supplier KIC
Commercial vehicle supplier Accuride Corp. has reached an agreement to acquire KIC, a supplier of wheel-end components, and certain of its affiliated entities.
April 26, 2017