House Homeland Security Committee Calls for Increased Security Funding at LA, Long Beach Ports
While praising efforts to protect the Los Angeles and Long Beach ports from terrorist and cyber-attacks, members of Congress aired concerns Oct. 31 about threats to public safety and the economy if federal funding for maritime security programs isn’t raised to meet new threats.
October 31, 2017Port Houston Credits Teamwork With Other Ports for Strong Rebound From Harvey
The Port of Houston, closed for a week after Hurricane Harvey, rebounded sharply in September with a 22% year-over-year increase in container traffic that would have been impossible without the sacrifice of others, the top official at the port acknowledged.
October 31, 2017Teamsters Hold Public Picket Against CSX Future Health Benefits
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, 2017Dave 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.
October 27, 2017Saia 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.
October 26, 2017China’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.
October 26, 2017UPS 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.
October 26, 2017US 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.
October 26, 2017