01 Feb Landstar Boosts Profits, Easily Surpasses Forecasts Landstar System Inc. profits improved 4.5% in the fourth quarter compared with 2015, besting estimates from industry analysts for one of the few bright spots among trucking companies during earnings season. Read more...
01 Feb Arconic Posts Fourth-Quarter Net Loss, Flat Revenue Aluminum parts supplier Arconic Inc. reported a net loss and flat revenue for the fourth quarter and similar results for the full-year period as the company began to operate as a stand-alone entity. Read more...
01 Feb Mack Logs Worst Year of Truck Deliveries Since 2010 In the cyclical heavy-duty truck market, what goes up must eventually come down, and that's exactly what happened to Mack Trucks in 2016. Read more...
01 Feb FedEx Touts Twin 33s at House Hearing on Infrastructure WASHINGTON - Allowing the freight industry to rely on twin 33-foot trailers nationwide would enhance productivity, safety and environmental efficiency, FedEx Corp.'s chief executive told a House transportation panel Feb. 1. Read more...
01 Feb Cargo Thefts Cost Businesses $114 Million in 2016 Cargo thefts fell for the third consecutive year in terms of reported incidents, but the value of the stolen goods rose 13.3% to $114 million, according to 2016 data from CargoNet. Read more...
01 Feb Specter of Global Trade War Rises as Trump Puts 'America First' World leaders aren't taking Donald Trump's trade barbs lying down. Read more...
01 Feb Volvo Results Improve for Quarter, Dip for Year Original equipment manufacturer Volvo AB reported a fourth quarter of improving revenue and net income to cap off a 2016 characterized by modest declines due to soft business conditions. Read more...
01 Feb Soft Truck Market Takes Bite Out of Meritor First-Quarter Earnings Commercial vehicle supplier Meritor Inc. reported lower fiscal first-quarter income and revenue as North American Class 8 production tailed off, it said Feb. 1. Read more...
01 Feb Pennsylvania Airport Treading Deeper Into E-Commerce Cargo In Pennsylvania, the Lehigh-Northampton Airport Authority took a step to grow its burgeoning e-commerce business by approving plans Jan. 31 to use a second warehouse near the airfield to handle cargo from FedEx and Amazon flights until it can build a $20 million warehouse. Read more...
01 Feb Wabash Reports Decline in Fourth-Quarter Earnings, Higher Full-Year Profits Wabash National Corp., North America's largest trailer maker, saw fourth-quarter profits and revenue slip compared with the 2015 period. Net income, however, rose for the full year on lower revenue, the company reported Jan. 31. Read more...