Landstar Reports Record Earnings Per Share in 2Q
Landstar System Inc. reported record second-quarter earnings per share of $1.53 on second-quarter net income of $61.1 million, which compares with $1.51 per share on net income of $62.5 million during the same period a year ago.
July 24, 2019Senate Confirms Former Delta Executive Stephen Dickson as FAA Administrator
A former Air Force pilot and Delta Air Lines executive was confirmed July 24 by the Senate to lead the Federal Aviation Administration after overcoming opposition from Democrats who claim that he mistreated a whistleblower during his tenure at Delta.
July 24, 2019New Jersey DOT Awards More Than $30 Million to Improve Freight Routes
The New Jersey Department of Transportation announced $30.1 million in grant funding dedicated to improving local roads that serve as freight conduits.
July 24, 2019FMCSA Proposes Adding Location Flexibility to CDL Testing Process
The Federal Motor Carrier Safety Administration announced a proposed rule July 24 meant to ease the process for people pursuing a commercial driver license.
July 24, 2019Amazon Has ‘Destroyed’ US Retail Industry, Says Treasury Secretary Steven Mnuchin
U.S. Treasury Secretary Steven Mnuchin alleged that Amazon has “limited competition” and harmed the retail industry as the Trump administration announced a broad antitrust review into whether technology companies are using their power to thwart rivals.
July 24, 2019China Approves Tariff-Free US Soybean Purchases
The Chinese government has given the go-ahead for five companies to buy up to 3 million tons of U.S. soybeans free of retaliatory import tariffs as trade negotiations between the two nations continue, according to people familiar with the situation.
July 24, 2019ATA: Trucking Industry Was Short More Than 60,000 Drivers in Meeting Demand at End of 2018
The U.S. trucker shortage swelled by more than 10,000 to 60,800 in 2018 from a year earlier and is expected to more than double to 160,000 over the next decade, according to new numbers released by American Trucking Associations.
July 24, 2019Small Trucking Firms See Tighter Lending Standards
With a freight recession underway, industry experts said creditors are applying tighter standards to many trucking firms, or any firm with a troubled history.
July 24, 2019Glider Truck Maker Fitzgerald Wages Court Battle Over IRS’ $64 Million Excise Tax Bill
A federal judge has ruled that Fitzgerald Truck Parts and Sales can proceed with its lawsuit disputing an IRS claim that the glider truck maker owes more than $64 million in back tractor-trailer federal excise taxes, penalties and interest.
July 24, 2019FEMA Official Touts Disaster Mitigation Program at US Chamber of Commerce
WASHINGTON — A new disaster mitigation program enacted into law last year received a resounding endorsement from a Federal Emergency Management Agency official addressing executives at the U.S. Chamber of Commerce on July 23.
July 24, 2019