Third-Quarter Earnings Drop at Truckload Carriers P.A.M. and Knight
Two truckload carriers suffered significant declines in profits for the third quarter as compared to one year ago as the sector struggles to turn around a tepid market.
October 26, 2016Net Income Falls at Hub Group, Echo
Hub Group Inc. and Echo Global Logistics Inc. reported weaker third-quarter earnings as pressure on profit margins continued to hurt results in the sector.
October 26, 2016ATA President Chris Spear: Congress Is Better Forum for Autonomous Technology Discussions
WASHINGTON — The trucking industry’s chief representative on Oct. 26 called on Congress to take the lead on policy decisions regarding self-driving commercial technology.
October 26, 2016Investment Firm Tailwind Capital Acquires MetroGistics
Investment firm Tailwind Capital has acquired MetroGistics, a brokerage firm based in St. Louis, Missouri, that specializes in arranging for transportation of new and used vehicles.
October 26, 2016Investment Companies Buy Majority Stake in Pilot Freight
Two investment companies have acquired a majority interest in air cargo and package operator Pilot Freight Services, the carrier announced, saying the move would enhance its service and growth aspirations.
October 26, 2016Saia to Expand Into Northeast Next Year
Less-than-truckload company Saia Inc. will expand into the Northeast next year, CEO Rick O’Dell announced Oct. 26.
October 26, 2016Recession Risk Is Rising, Deutsche Bank’s Chief US Economist Warns
Standard measures of the U.S. labor market look pretty good. The unemployment rate is low, and job growth has been steady.
October 26, 2016Allison Earnings Fall as North American Demand Slips
Allison Transmission Holdings Inc. reported third-quarter net income and revenue slipped for the period ended Sept. 30, as demand for its transmissions fell in North America.
October 26, 2016US Crude Oil Stockpiles Drop Unexpectedly
Nationwide crude stockpiles fell 553,000 barrels in mid-October, according to the Energy Information Administration.
October 26, 2016Advisory Panel Asks FMCSA to 'Get a Seat at the Table' on Autonomous Truck Issues
A Federal Motor Carrier Safety Administration advisory committee formally asked the agency to get “proactive and involved” with a Department of Transportation inter-agency group to get the commercial motor vehicle industry “a seat at the table” to work on the design, safety and regulatory aspects of autonomous trucks.
October 26, 2016