26 Apr Echo Global Posts First-Quarter Net Loss Despite Revenue Record Third-party logistics provider Echo Global Logistics reported record revenue for a first quarter on April 26, but its small profit from the same quarter a year ago became a net loss, as purchased transportation costs increased and net revenue declined. Read more...
26 Apr Truckload Profits Fall at TFI, Knight, Patriot Transportation; Rise at Forward Air Truckload carriers continued to struggle as three out of four companies reported lower quarterly earnings versus 2016 levels as the industry struggles with excess capacity and lower prices. Read more...
26 Apr Pennsylvania Airport Expanding to Handle More Amazon Planes So many of those packages people insist on getting in two days have been ending up at Lehigh Valley International Airport, where airport officials are racing to build more space for Amazon.com cargo planes. Read more...
26 Apr More Layoffs at CSX Brings Total Dismissals to 1,000, as Originally Projected Jacksonville, Fla.-based CSX Corp. finalized the company's layoffs April 25 with the termination of 200 workers, bringing the complete tally of layoffs to 1,000, which the company originally projected in February. Read more...
26 Apr Trump's Infrastructure Plan Likely Out Early Summer, Rep. Graves Says WASHINGTON - The Trump administration's long-term funding proposal for fixing and modernizing the country's infrastructure will likely be unveiled early in the summer, Rep. Sam Graves (R-Mo.), a senior transportation policymaker, said April 26. Read more...
26 Apr White House Proposes Slashing Corporate Federal Income-Tax Rate to 15% The White House made its opening bid for what officials called the "biggest tax cut" in U.S. history - with cuts that would benefit businesses, the middle class and certain high-earning individuals - but left unanswered questions about whether the plan would be paid for, or how. Read more...
26 Apr Daimler's First-Quarter Profits Double, but Trucks Not a Big Factor First-quarter business rose and profits doubled for German manufacturer Daimler AG, but new truck sales were generally not part of the equation, and especially not in North America, the company reported April 26. Read more...
26 Apr Massachusetts UPS Driver Receives Citation for Putting Out Fire He heroically put out a fire on the front porch of a Haverhill, Mass., home earlier this month as he finished up his UPS delivery route. Read more...
26 Apr Norfolk Southern Profits Up 12%, Beat Analyst Estimates Norfolk Southern Corp. announced that profits increased 12% in the first quarter as a result of strong rebounds in coal and intermodal business compared with early 2016. Read more...
26 Apr Canadian National Struggling to Remain North America's Most-Efficient Railroad Canadian National Railway Co. is running into challenges in maintaining its status as North America's most efficient railroad. Read more...