Randy Rogers Out, James Reed Elevated to CEO at USA Truck
USA Truck CEO Randy Rogers has been let go after only one year in the job and replaced by recently hired Chief Financial Officer James Reed, according to an announcement from the company's chairman of the board that highlighted the need to change approaches at the struggling truckload carrier.
January 30, 2017Werner Profits Drop 40% But Still Top Analyst Forecasts
Werner Enterprises Inc. continued a difficult quarter for truckload companies, suffering a 40% drop in profits to close out this past year but still beating the lackluster forecast of analysts.
January 30, 2017Diesel Notches Third Consecutive Decline, Slips 0.7¢ to $2.562
The U.S. average retail price of diesel slipped 0.7 cent to $2.562 a gallon as crude oil prices remained near $52 a barrel and U.S. rig counts increased.
January 30, 2017Report: CSX in Talks With Railroad Exec Hunter Harrison About Taking Top Spot at Company
CSX is in talks with a railroad executive who could end up taking over the company’s top spot, according to published reports. The Wall Street Journal reported Jan. 29 that CSX officials met in Atlanta on Jan. 27 with Hunter Harrison, who recently retired as CEO of Canadian Pacific Railway.
January 30, 2017Dana Debuts Site With Simplified Replacement Part Search
Vehicle component manufacturer Dana Inc. introduced a website that simplifies finding commercial vehicle and automotive replacement parts and can connect technicians with aftermarket parts distributors.
January 30, 2017Pending-Home Sales Rebound Despite Rise in Mortgage Rates
Contracts to buy previously owned U.S. homes rebounded last month as buyers adjusted to the recent jump in mortgage rates, according to figures released Jan. 30 from the National Association of Realtors in Washington.
January 30, 2017Consumer Spending Rose in December by Most in Three Months
U.S. consumer purchases climbed in December by the most in three months as incomes picked up, signaling a strong hand-off into 2017.
January 30, 2017Letters: Remembering Ted Scott; Touting Twin 33s
This week's letter writers reflect on the passing of a longtime ATA employee and tout the benefits of twin 33-foot trailers.
January 30, 2017December Tonnage Slips 0.7%
Truck tonnage decreased 0.7% in December, marking the third and final year-over-year decline of 2016 in the monthly index from American Trucking Associations, but analysts and economists remain optimistic that 2017 will be a better year for the freight industry.
January 30, 2017Editorial: Trump’s Course and Trucking
President Trump is charting a new course for the nation. We don’t know where it will ultimately lead us, but during his short tenure the business community has been served notice that things are changing.
January 30, 2017