20 Oct Universal Logistics Strong 3Q Forecast Dashed Two weeks after Universal Logistics Holdings offered a bright outlook for its third-quarter earnings report, the company reversed course Oct. 19, telling investors that a jury verdict will knock it back once again. Read more...
20 Oct States Can Apply for Interstate Tolling Program Through FHWA The Federal Highway Administration is taking applications from states interested in collecting tolls at interstate facilities, according to a document published in the Federal Register on Oct. 20. Read more...
20 Oct Kansas City Southern Posts Strong 3Q Gains Despite Hurricane Harvey Kansas City Southern reported profits rose 7.2% in the third quarter on strength in automotive, energy, intermodal and petrochemical transportation, despite suffering a financial blow of up to $23 million in operating income from Hurricane Harvey. Read more...
20 Oct Analysis: Let’s Give a Blast of the Air Horn for Global Truck Boom It’s rare that major economies all grow at the same time. For investors that’s sometimes frustrating. There’s always at least one country—Brazil, Russia, wherever—blotting a multinational’s otherwise decent set of numbers. Read more...
19 Oct Covenant, Werner Report Strong Third-Quarter Earnings Three publicly traded carriers reported results on Oct. 19 with two reporting profits better than 2016 and one with a decline in the third quarter. Read more...
19 Oct Editorial: NAFTA: There’s No Going Back One thing was clear after the latest round of talks aimed at renegotiating terms of the North American Free Trade Agreement ended in Washington, D.C., last week. We aren’t very close to a new deal on NAFTA. Read more...
19 Oct Drug Testing Failure Rate for ‘Safety-Sensitive’ Workers Soars The percentage of U.S. workers in “safety-sensitive” jobs — a category that includes truck drivers — who flunked their federally-mandated drug tests increased at an “alarming” rate from 2015 to 2016, according to an analysis of drug testing data collected by the nation’s largest lab. Overall, the percentage of safety-sensitive workers who failed crept up year-over-year, the report said. Read more...
19 Oct As NAFTA Talks Stall, Trade Concerns Grow Talks aimed at renegotiating terms of the North American Free Trade Agreement appear to be stalled over demands from the United States that would, among other things, require a higher percentage of car parts to be sourced in the U.S. Read more...
19 Oct Ray Martinez Receives Key Senate Backing for Top FMCSA Post Ray Martinez, nominated for the top post at the Federal Motor Carrier Safety Administration, received a strong endorsement from Sen. John Thune, a key policymaker for the trucking industry. Read more...
19 Oct Broad-Based Demand Powers Class 8 Sales U.S. retail sales of Class 8 trucks in September hit their highest level in 16 months, climbing over 17,000 units as a broad cross-section of buyers sought trucks, experts said. Read more...