US Freight Activity Declines on Excess Capacity, Weak Exports, Fed Says
Freight activity and demand for transportation services declined from late August to early October, partly reflecting weak exports, excess capacity and lower shipments of energy-related products, according to a Federal Reserve report.
October 19, 2016Trailer Makers Clarify 2017 Truck Show Plans
North America’s three largest trailer makers clarified their marketing plans for 2017, with the manufacturers announcing separately how they will split their appearances between the venerable Mid-America Trucking in Louisville, Kentucky, and the inaugural North American Commercial Vehicle Show in Atlanta.
October 19, 2016OOIDA Urges House Leaders to Oppose Speed Limiter Provision
House funding leaders should reject a provision that would mandate the use of speed limiters on heavy vehicles when they consider funding legislation later this year, the Owner-Operator Independent Drivers Association said in a letter Oct. 17.
October 19, 2016Head of America’s Biggest Port Navigates Turbulent Year
LOS ANGELES — It has been a wild year for the people who choreograph the flow of goods in and out of U.S. ports.
October 19, 2016Canadian Pacific Cuts Profit Target as Commodities Cargo Slumps
Canadian Pacific Railway Ltd. reduced its full-year profit target, amid revenue declines in commodities such as crude oil and a delayed grain harvest in western Canada.
October 19, 2016Housing Starts Unexpectedly Drop on Multifamily-Unit Slide
Construction of new homes in the United States unexpectedly fell in September on a plunge in multifamily building while permits rose more than forecast, in signs of fitful progress in residential real estate.
October 19, 2016APL Logistics Names Shigeo Mori as New CFO
APL Logistics appointed Shigeo Mori as chief financial officer on Oct. 18, replacing Masahiko Oka at the helm of the company that was bought by Japanese firm Kintetsu World Express Group in February 2015.
October 19, 2016Truck Tonnage Falls 5.8% in September, Underlying Soft Market
U.S. truck tonnage fell 5.8% in September, reversing the positive trend in August and marking the first year-over-year decline in the American Trucking Associations index since October 2015.
October 18, 2016FedEx to Invest $1.5 Billion in France to Double Capacity at Charles de Gaulle Airport
PARIS — FedEx Corp announced Oct. 17 that it would invest $1.5 billion to double the capacity of its logistics activities at Charles de Gaulle International Airport in the Paris suburb of Roissy.
October 18, 2016Montana Truckers No Longer Have to Take 74-Mile Detour
Montana truckers headed east from Butte toward Billings no longer have to take a 74-mile detour to avoid construction near the interchange of interstates 90 and 15.
October 18, 2016