17 Jan CSX Revenue Down, Earnings Up CSX’s net earnings grew in the fourth quarter despite a drop in revenue. The Jacksonville,Fla.,-based railroad announced adjusted net earnings of $573 million or 64 cents a share for the fourth quarter, compared to $458 million and 49 cents for the same period of 2016. Read more...
17 Jan The First True Autonomous Cars Won’t Be for Sale Auto companies at the CES tech convention in Las Vegas affirmed plans to have their first true self-driving cars in production by 2021 — or in some cases earlier. But don’t expect to see these vehicles on any dealership lots. Read more...
17 Jan Paint Designed for Self-Driving Vehicles to Be Tested at Autonomous Proving Ground PPG announced Jan. 16 it is partnering with the University of Michigan’s Mcity to test paint and other vehicle coatings specially designed for autonomous vehicles. Read more...
17 Jan Massachusetts Town Could Become Testing Site for Self-Driving Cars Self-driving cars could be coming to Arlington, Mass., soon, as the Board of Selectmen have agreed to allow Town Manager Adam Chapdelaine to take the first steps in bringing autonomous vehicle tests to town. Read more...
17 Jan Safety Advocates Say Not So Fast on Driverless Cars Highway safety advocates are urging lawmakers to pump the brakes on the development of driverless cars. Read more...
17 Jan Aptiv, Lyft to Continue Vegas Self-Driving Car Tests, Expand to Second City Aptiv left a piece of Pittsburgh in Las Vegas when it tore down its booth last week at the largest electronics show in Las Vegas. Read more...
17 Jan Snow Causes FedEx Hiccup Memphis International Airport saw little impact on passenger flights from a winter storm early Jan. 16, but FedEx’s cargo operation experienced disruptions that could affect deliveries. Read more...
17 Jan Two Canadian Deals Highlight Continued Consolidation in Trucking A consolidation trend among Canadian trucking companies continues, with Manitoulin Transport completing its purchase of intermodal carrier Direct Right Cartage, and Groupe Robert announcing plans to combine its heavy-haul business with QSL Group and Express Mondor. Read more...
17 Jan Tax Reform’s Opportunities for Trucking Require Planning, Analysis The Tax Reform and Jobs Act of 2017 slashes corporate rates, offers full expensing on qualifying new and used equipment purchases, repeals like-kind exchanges on revenue equipment and other personal property — including tractors and trailers — and repeals the itemized deduction for unreimbursed employee driver expenses. Read more...
17 Jan FedEx Beefs Up Unit Led by Founder’s Son to Include Specialty Logistics, E-Commerce FedEx is expanding the business unit led by its founder’s son by consolidating specialty logistics and e-commerce solutions within FedEx Trade Networks. Read more...