Senators Laud Freight Rail Industry
As they advocated for additional emergency aid for transportation stakeholders, the leadership of a Senate committee touted freight railroads’ role during the coronavirus pandemic.
October 22, 2020Landstar System Reports Net Income, Revenue Increase for Q3
Landstar System Inc. saw net income reach $61.9 million during the third quarter of 2020, the company reported Oct. 21.
October 21, 2020Tesla, Heinz Hit Brexit Snag in UK
Household-name companies including Tesla Inc. and Kraft Heinz Co. are racing to avoid a Brexit crisis at year-end, as a shortage of customs brokers threatens their ability to move goods between Britain and the European Union.
October 21, 2020Top US Dealer Warns Automakers Are Missing Resupply Deadlines
AutoNation Inc., the largest U.S. car retailer, is warning new-vehicle inventories remain thin as automakers miss resupply deadlines, which may mean fewer choices and higher prices for buyers.
October 21, 2020Canadian National Reports Q3 Drop in Earnings, Revenue
For the second consecutive quarter, Canadian National Railway felt the impact of the COVID-19 pandemic when the Class I, Montreal-based railroad announced third-quarter earnings Oct. 20.
October 21, 2020USPS Still Not Processing Election Mail Fast Enough, States Say
The U.S. Postal Service still isn’t processing election mail on time, even after being ordered by judges to halt disruptive changes like banning worker overtime and late delivery trips, Pennsylvania’s attorney general said.
October 20, 2020September Tonnage Down Year-Over-Year, but Rebounds After August Decline
Truck tonnage in September declined a seasonally adjusted 2.7% when compared with year-ago levels, marking the sixth consecutive month of year-over-year declines, American Trucking Associations said Oct. 20.
October 20, 2020RK Logistics Accelerates Silicon Valley Expansion Plans
RK Logistics Group is accelerating its expansion into Silicon Valley with new facilities, company leadership detailed Oct. 19.
October 20, 2020TIA Appoints Anne Reinke to President, CEO Posts
Transportation Intermediaries Association has named Anne Reinke president and CEO, it was announced Oct. 16.
October 19, 2020KC Southern Reports Mixed Earnings Amid COVID-19, Gulf Hurricanes
The leadership of Kansas City Southern Railroad said on Oct. 16 the Class I railroad saw a 5.3% increase in third-quarter net income to $189.7 million, or $2.01 a diluted share, compared with $180.1 million, or $1.81, in the same period a year ago.
October 16, 2020