Preliminary NTSB Report Outlines Events in FedEx Calif. Crash
The National Transportation Safety Board released a preliminary report April 25 confirming the sequence of events in the fatal crash involving a FedEx Freight truck and a bus in Orland, Calif., earlier this month.
April 25, 2014House Panel Sets Public-Private Partnership Roundtable for April 30
The House Transportation and Infrastructure Committee’s Panel on Public-Private Partnerships has set an April 30 roundtable hearing to examine how states have applied “P3” set ups to fund infrastructure projects.
April 25, 2014PGT Trucking to Buy Flatbed Carrier Kelworth Trucking
Flatbed carrier PGT Trucking Inc. said April 25 it has signed a letter of intent to buy Kelworth Trucking Co., which is based in Poteau, Okla.
April 25, 2014Report Calls 63,000 U.S. Bridges ‘Structurally Deficient’
A new report by the American Road and Transportation Builders Association found that more than 63,000 bridges around the country — about 10% — are “structurally deficient.”
April 25, 2014Volvo’s 1Q Profit Surges Fivefold
Volvo AB’s first-quarter operating profit surged almost fivefold as the company scaled back production to meet a cost-savings target for 2015.
April 25, 2014Dana’s Earnings Decline on Currency Charge; Sales Improve
Dana Holding Corp.’s first-quarter earnings declined as the company took a charge as a result of foreign currency devaluation.
April 25, 2014Saia’s 1Q Income Slips; Tonnage, Revenue Improve
Less-than-truckload carrier Saia Inc. reported its first-quarter income slipped from a year ago due to a tax gain last year, but its tonnage, revenue and operating income all rose.
April 25, 2014Swift Reports Lower First-Quarter Profit
Swift Transportation Co. reported its first-quarter net income fell 59% to $12.3 million, or 9 cents per share, as winter weather drove down profits.
April 25, 2014Intermodal Rail Traffic Rises 7.6% for Week
U.S. rail intermodal traffic increased 7.6% in the week ended April 19 compared with the same week last year, the Association of American Railroads reported.
April 25, 2014Echo Global Logistics’ 1Q Net Income Falls 18%; Revenue Improves
Echo Global Logistics’ first-quarter net income fell 18% to $2.4 million, or 10 cents per share, from $3 million, or 13 cents per share.
April 25, 2014