XPO Logistics Inks Deal With Gower Furniture
XPO Logistics has secured a multimillion-pound, long-term agreement with Gower Furniture, a supplier of kitchens to the trade and retail sectors in the United Kingdom, XPO announced March 6.
March 8, 2017Oil Slumps to Lowest This Year as Traders Focus on Record Supply
Oil slumped more than 5% to the lowest close this year after government data showed production cuts from OPEC and other producers have not been enough to reduce U.S. supplies.
March 8, 2017TIGER Infrastructure Grants on the Chopping Block, Says Sen. Collins
WASHINGTON — President Trump’s fiscal 2018 budget request is likely to deny funding for U.S. Department of Transportation grants awarded to various state agencies since 2009 for infrastructure projects, the Senate’s top transportation funding leader said March 8.
March 8, 2017CSX Bets More Than $200 Million Hunter Harrison Can Spur Turnaround
Railroad turnaround veteran Hunter Harrison is back in a familiar place — at the bottom.
March 8, 2017Nafta Talks Likely Won't Begin Until Later This Year, Commerce Secretary Says
The U.S. government probably won’t begin “real” negotiations to revamp the North American Free Trade Agreement until later this year, Commerce Secretary Wilbur Ross said.
March 8, 2017Companies in US Hired the Most in Almost Three Years, ADP Says
Companies added the most workers in almost three years to U.S. payrolls in February on a surge in construction and manufacturing employment, data from the ADP Research Institute in Roseland, New Jersey, showed March 8.
March 8, 2017Capitol Agenda for the Week of March 7: Fuel Tax Pitch
The business community will tell Senate funding leaders on March 8 to raise taxes on fuel as a way to fund big-ticket infrastructure projects. Sarah Kline of the Bipartisan Policy Center explains how P3s can work even in rural communities. Here's the week ahead for trucking on Capitol Hill.
March 8, 2017Navistar Loses $62 Million in Its Fiscal First Quarter
The quarterly net loss for truck and engine maker Navistar International Corp. widened to $62 million, or 76 cents a share, for the three months ended Jan. 31, with sales, particularly in the anemic North American new truck sales market, causing most of the problems.
March 7, 2017FedEx Wins Connecticut Independent Contractor Appeals Court Case
An appeals court has ruled that FedEx Ground Package System drivers working out of a terminal in Hartford, Connecticut, are independent contractors and not employees of the package carrier.
March 7, 2017US Oil Rebound Hits Roadblock, Lack of Truckers
Five years ago, the thought of $55-a-barrel oil would have given Piotr Galitzine heartburn. Now it’s keeping one of his steel-pipe shops in Houston open 24/7 and fueling a flurry of orders.
March 7, 2017