24 Oct Rush Notches Higher 3Q Net Income, Revenue Truck dealership Rush Enterprises posted higher third-quarter net income and revenue on the strength of its aftermarket and used truck activities as sales of new heavy-duty trucks fell due to the timing of large orders. Read more...
24 Oct FMCSA Grants Waste Management HOS Exemption The Federal Motor Carrier Safety Administration has granted Waste Management Holdings Inc. an exemption from certain hours-of-service rules. Read more...
24 Oct Norfolk Southern Sets 3Q Record for Net Income Norfolk Southern Corp. joined the list of freight rail carriers reporting record financial results for the third quarter. Read more...
24 Oct ATA President Chris Spear Sees Progress in 2019 on Infrastructure, Workforce Development American Trucking Associations President Chris Spear said he likes the direction trucking is going and credits tax cuts for breathing new life into the economy, sparking investment and giving President Donald Trump leverage to negotiate new trade deals. Read more...
24 Oct Canadian National Reports Record Revenue, Strong 3Q Results Canadian National Railway on Oct. 23 reported a third-quarter record for revenue, posting a 14% increase to C$3.68 billion. Read more...
24 Oct DSV Ends Bid to Acquire Ceva Logistics DSV A/S, the world’s fifth-largest freight forwarder, walked away from Ceva Logistics AG after failing in its latest attempt to buy the Swiss company, which says it needed more time to review the offer. Read more...
24 Oct Retiring Michigan DOT Chief Kirk Steudle Appointed Econolite Executive Outgoing Michigan Department of Transportation Director Kirk Steudle has been appointed senior vice president of Econolite, a company that specializes in intelligent transportation systems and traffic management software. Read more...
24 Oct New-Home Sales Fall 5.5% in September for Fourth Straight Decline WASHINGTON — Sales of new U.S. homes plunged 5.5% in September, the fourth straight monthly drop as the housing market cools while mortgage rates rise. Read more...
24 Oct UPS Reports Strong Revenue Growth, Higher Profits in 3Q UPS Inc. reported strong revenue growth and higher profits in the third quarter, despite international headwinds from currency valuations, rising fuel costs and ongoing investment in transformation initiatives. Read more...
24 Oct Kansas City Southern Sets Revenue Record in Third Quarter Kansas City Southern on Oct. 19 reported record revenue for the third quarter, buoyed by a 17% increase in chemical and petroleum products and an 8% jump in automotive and intermodal shipments. Read more...