08 Feb Uber’s Kalanick: We Didn’t Hire Waymo Engineer to Steal Self-Driving Secrets Travis Kalanick got some vindication in court on Feb. 7. Under friendly cross-examination by a lawyer for Uber — the ride-hailing company he co-founded and led until it ousted him last June — Kalanick got a chance to present himself as an earnest guy who loved his work, cared about the future and didn’t take illicit shortcuts as he competed aggressively in the race for self-driving cars. Read more...
08 Feb Old Dominion Reports Solid Fourth Quarter Old Dominion Freight Line announced fourth-quarter and full-year results, reporting net income of $197.2 million, or $2.40 earnings per share, up from $68.5 million, or 83 cents, in the fourth quarter of 2016. Read more...
08 Feb Jobless Claims Decline, Approach an Almost 45-Year Low U.S. filings for unemployment benefits unexpectedly declined last week, hovering close to an almost 45-year low and signaling a tight job market, Labor Department figures showed Feb. 8. Read more...
07 Feb Echo Global Logistics Revenues Surge 34.6% Echo Global Logistics revenues surged 34.6% and profits beat analysts’ expectations by a large margin in the three months ended Dec. 31. Read more...
07 Feb NGA Highway Injury Report Could Improve Road Safety WASHINGTON — The National Governors Association’s recently released “road map” report on state strategies to reduce highway injuries reveals that 39 states reported an increase in traffic fatalities in 2016. Read more...
07 Feb Old Dominion Freight Line Helps MLB Teams Move Continuing its partnership with the league and MLB teams across the country, Old Dominion Freight Line, along with fans and players, celebrated the beginning of a new season during the traditional spring training send-off known as Moving Day, according to a release. Read more...
07 Feb XPO Profits Soar in Fourth Quarter XPO Logistics Inc. announced profits grew sevenfold in the fourth quarter, with strong results in last-mile deliveries, brokerage and less-than-truckload, and that the company nearly doubled its bottom line excluding the benefit of the Tax Cuts and Jobs Act. Read more...
07 Feb UPS Gets $2.4 Million in Incentives for $41 Million Expansion Project in Texas UPS Inc. wants to build a $41 million expansion to its El Paso, Texas, facility, and it plans to do so with more than $2 million in incentives from the city and the county. Read more...
07 Feb OOIDA ELD Exemption Request Draws Thousands of Comments More than 4,000 comments were filed in response to a petition that seeks a five-year exemption from the Federal Motor Carrier Safety Administration’s electronic logging device rule for small carriers, but whether any contained strong enough arguments to overturn Congress’ intent in adopting the rule is an open question. Read more...
07 Feb Fiat Chrysler CEO: Even With Autonomous Vehicles, Brand Identity Will Be Key The term generic might imply a reasonable, cost-effective choice at the grocery store, but Fiat Chrysler Automobiles CEO Sergio Marchionne says it’s no way to think about cars. Read more...