YRC Reports Third-Quarter Profit
YRC Worldwide Inc. reported a third-quarter net income of $1.2 million, from a loss of $44.4 million, and revenue increased 5.6% to $1.32 billion.
October 31, 2014Forward Air Raises Driver Pay
Forward Air Corp. said subsidiary FAF Inc. is increasing pay for owner-operators effective Jan. 4.
October 31, 2014JFK Upgrade Spurs Backlash Over Moving Freight Upstate
Governor Andrew Cuomo’s plan to make New York’s John F. Kennedy International Airport more passenger-friendly by cutting out most cargo facilities risks backfiring, a shipping-industry group and analysts say.
October 31, 2014Oshkosh Reports Higher 4Q Profit Jumps
Oshkosh Corp. reported its fourth-quarter net income more than doubled from a year ago as gains in commercial and access equipment sales offset a decline in military truck sales.
October 31, 2014Consumer Sentiment Rises to Highest Since July 2007
Consumer confidence rose in October to a seven-year high as employment opportunities and declining gasoline prices boosted Americans’ spirits.
October 31, 2014Teamsters Election at FedEx Freight Pa. Terminal Called Off
FedEx Freight said that a Teamsters representation election scheduled for Oct. 31 in the Harrisburg, Pennsylvania, hub terminal has been cancelled because the union withdrew its request for a vote.
October 31, 2014Intermodal Rail Traffic Rises for Week
U.S. rail intermodal traffic increased 6.7% in the week ended Oct. 25 compared with the same week last year, the Association of American Railroads reported.
October 31, 2014Consumer Spending Drops as Incomes Cool
Consumer spending in the U.S. unexpectedly dropped in September as incomes rose at the slowest pace of the year, indicating the economy will have difficulty sustaining a pickup in growth into the end of the year.
October 31, 2014MCSAC Advises on Insurance, Mexican Trucks, CSA Programs
An advisory committee to the Federal Motor Carrier Safety Administration offered the agency guidelines on how to revise insurance minimums, submitted a final report on the recently concluded Mexican trucks pilot program and heard an update on new rules that FMCSA will propose for its Compliance, Safety, Accountability program.
October 30, 2014E-Log Device Certification Considered by FMCSA
The Federal Motor Carrier Safety Administration on Oct. 28 issued an “information collection request,” seeking public comment on its plans to ask electronic logging device manufacturers to register and self-certify that their products meet the agency’s technical specifications.
October 30, 2014