11 May More Than 100 Members of Congress Call for Highway Trust Fund Fix With more than 100 colleagues joining him in urging the tax policy committee to ensure the solvency of the Highway Trust Fund this year, the leader of the subcommittee on highways is continuing to push for sustainable funding for infrastructure projects as Congress turns its attention to reforming tax policy. Read more...
11 May Uncertainty Clouds NAFTA Changes for Mexico Factories AUSTIN, Texas - Manufacturers in Mexico aren't as concerned about President Donald Trump's recent threats to dump or renegotiate the North American Free Trade Agreement as some recent public reports have suggested, according to executives speaking at a Transplace Symposium here. Read more...
11 May Maersk Soars as CFO Says Liner Business `Definitely' Improving Shares in A.P. Moller-Maersk A/S soared as the company behind the world's biggest container shipping liner pointed to an improvement in its transport business that it said wasn't yet reflected in first-quarter results. Read more...
11 May Duke Energy to Install Anti-Idling System at North Carolina Truck Stop Duke Energy will spend $300,000 to install a system at a truck stop off Interstate 95 in Kenly, N.C., that will let truckers plug their rigs in rather than let their diesel engines idle. Read more...
11 May Schneider Posts Higher Revenue, Lower Profits in First Quarter Schneider reported solid growth but lower overall profits in the first quarter of 2017 compared with the same period a year ago in its first quarterly financial report since becoming a public-traded company in April. Read more...
11 May UPS Names Jose Maria Odriozola to Lead Latin American Unit UPS Inc. named Jose Maria Odriozola president of operations for UPS Latin America. Read more...
11 May Six-Week Low in US Consumer Comfort Shows Optimism Is Easing An easing of Americans' sunny economic views indicates consumers may need some better news for confidence to sustain its post-election pickup, Bloomberg News Consumer Comfort Index figures showed May 11. Read more...
11 May Rebound in Wholesale Prices Signals Inflation Pressures The bigger-than-forecast rebound in April wholesale prices indicates inflation pressures continue to build in the U.S. economy and that March's decline was short-lived, Labor Department data showed May 11. Read more...
11 May Highway Safety Institute Backs Side Underride Guards for Trailers The Insurance Institute for Highway Safety said May 10 it supports creating a new safety mandate requiring side underride guards on semitrailers to help reduce a leading cause of truck-involved accident fatalities. Read more...
11 May Covenant Adds Legal Charge to Quarterly Earnings, Ends Quarter in the Red Covenant Transportation Group, which had eked out a small profit to begin 2017, announced that it would add $900,000 in legal expenses on its financial statements after an adverse ruling in a court case, ending the period with a $39,000 loss. Read more...