A division of the Teamsters union held what it called an informational picket Oct. 30 against Jacksonville-based CSX Corp., saying the company is planning to “drastically reduce our health insurance benefits.”
October 31, 2017Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Teamsters Hold Public Picket Against CSX Future Health Benefits
Dave Manning Brings Work Ethic, Diplomacy to Role as ATA Chairman
NASHVILLE, Tenn. — People who know him say Dave Manning works hard, is extremely disciplined and comfortable with detail, eager to teach and a man who knows his mind yet appreciates the value of a mutually beneficial deal. Now he has the biggest platform of his life to put those qualities to use as the newly installed chairman of American Trucking Associations.
Saia Overcomes Hurricanes Harvey, Irma to Post 4.2% Profit in 3Q
Hub Group Beats Estimates, Generates $1 Billion in Quarterly Revenue
Hub Group turned in better-than-expected results in the third quarter, with revenue topping $1 billion for the first time and beating analysts’ profit projections, although net income was down compared with the same period a year ago.
October 26, 2017Old Dominion Scores Win in 3Q Earnings, Surges Past Wall Street Forecasts
Old Dominion Freight Line Inc. reported a 20% climb in profits to $102.3 million, or $1.24 per share, in third-quarter profits. The results were 8 cents better than the Bloomberg News consensus forecast of analysts.
China’s Uber-for-Trucks Apps Trade Barbs as Battle Turns Toxic
Harassing phone calls, spam text messages and police investigations — the fight between China’s Uber-for-trucks apps is getting nasty.
UPS Revenues Rise, but Profits Flat in Third Quarter
UPS Inc. profits essentially were flat year-over-year in the third quarter, ticking down about 0.5% or $6 million as the parcel giant also announced a 4.9% rate increase effective Dec. 24 to match other less-than-truckload carriers.
US Goods-Trade Gap Widens to Four-Month High
The U.S. merchandise-trade deficit widened to a four-month high as imports rose for the first time since April, according to preliminary figures released Oct. 26 by the Commerce Department. The report also showed inventories increased at wholesalers and fell at retailers.
Forward Air Posts Solid Year-Over-Year Gain in Profits
Forward Air Corp. had a steady third quarter with its results slightly topping analysts’ forecasts, indicating the for-hire carrier is moving at a measured pace for the year.
Maryland Governor Promises Traffic Signals With Artificial Intelligence to Ease Highway Congestion
Drivers in 14 state highway corridors in Maryland will see their travel times cut over the next year as a result of a $50 million upgrade to traffic signals, Gov. Larry Hogan said Oct. 25.