27 Jan US Economic Growth Cools on Biggest Trade Drag Since 2010 U.S. economic growth slowed last quarter more than forecast on the biggest drag from trade in six years and more moderate consumer spending. However, business investment picked up, which may be a harbinger for faster expansion in 2017. Read more...
27 Jan Capital Goods Orders Rose More Than Forecast in December Orders for U.S. capital goods advanced more than forecast in December, showing businesses were adjusting investment plans amid prospects for stronger economic growth. Read more...
26 Jan Swift Profits Plummet 30%, Revenues Fall in Three of Four Divisions Swift Transportation profits plunged 30% in the fourth quarter following drops in revenue in every division except for the dedicated contract carriage. Read more...
26 Jan Heartland Profits, Revenue Decline Truckload carrier Heartland Express remained strongly profitable but less so than a year ago as net income and revenue declined due to a tough pricing environment. Read more...
26 Jan Marten Transport Profits Dip Quarterly and annual net income dipped at Marten Transport Ltd. even though revenue rose year-over-year in both cases, the Mondovi, Wisconsin, fleet said Jan. 26. Read more...
26 Jan Former Transportation Chief James Burnley Foresees Funding to Dominate Early DOT Agenda WASHINGTON - Crafting a meaningful funding proposal for the network of roads, pipelines and freight corridors is likely to consume the first few weeks of Elaine Chao's tenure as secretary of transportation, former Secretary James Burnley said Jan. 26. Read more...
26 Jan Volvo Trucks North America Cancels Planned Layoffs at Virginia Factory Volvo Trucks North America has canceled plans to lay off 500 second-shift employees from its New River Valley truck assembly plant in Dublin, Virginia, citing improving inventory levels. Read more...
26 Jan ERoad Adds Max Speed Alert Electronic logging device supplier ERoad has introduced Max Speed Alert, a new feature for its fleet management system designed to support safe driving. Read more...
26 Jan Virginia Port Board Rewards CEO John Reinhart For Banner Year He hit it out of the park. That was the gist of the Virginia Port Authority board's assessment of how well Executive Director and CEO John Reinhart did last year. Read more...
26 Jan J. J. Keller, McLeod Offer Hours of Service Integration J. J. Keller & Associates and McLeod Software said they have partnered to help their shared fleet customers better manage drivers' hours of service and order planning. Read more...