02 Feb Descartes Acquires Aljex to Broaden Freight Broker Capabilities Descartes Systems Group acquired Aljex Software Inc. for $32.4 million, a move that expands the Waterloo, Ontario-based tech company’s services for freight brokers and carriers. Read more...
02 Feb USDOT Calls on Chuck Schumer to Lift Hold on FRA Nominee In a letter to Senate Minority Leader Chuck Schumer, Deputy Transportation Secretary Jeffrey Rosen called on the senator to remove his hold on the nomination of Ronald Batory to lead the Federal Railroad Administration. Read more...
02 Feb Port of Baltimore Sets Record in 2017 With 10.7 Million Tons of Cargo The Port of Baltimore set new cargo records in 2017, handling 10.7 million tons of general cargo and the most containers and autos in its history, officials said. Read more...
02 Feb YRC Worldwide Loses $7.5 Million in 4Q 2017 Less-than-truckload carrier YRC Worldwide reported Feb. 1 a fourth-quarter net loss of $7.5 million, the same loss amount reported in the fourth quarter a year ago. Read more...
02 Feb Ex-President of Pilot Flying J Won’t Testify or Summon Witnesses in Ongoing Fraud Trial As federal prosecutors wrapped up their case against him Jan. 31, former Pilot Flying J President Mark Hazelwood opted not to testify or present witnesses on his own behalf. Read more...
02 Feb Consumer Sentiment Tops Estimates on Jobs, Income Outlook U.S. consumer sentiment exceeded analyst estimates in January as the outlook for jobs and household income improved, University of Michigan survey data showed Feb. 2. Read more...
02 Feb Saia Profits Grow in 4th Quarter, Full-Year 2017 Profits at Saia Inc. nearly quintupled in the fourth quarter due to the Tax Cuts and Jobs Act, but the less-than-truckload carrier grew top- and bottom-line results in 2017 even without the one-time tax benefit. Read more...
02 Feb USA Truck Bounces Back in 4Q USA Truck reported fourth-quarter net income of $14.8 million, or $1.84 per diluted share, on revenue of $83.8 million. Read more...
02 Feb Amazon's Investment in Warehouses, Robots Pays Off in Rising Sales and Bigger Profit Years of investments in warehouses and robots and data centers and gadgets — that have often tested investor patience — paid off big for Amazon over the holidays. Read more...
02 Feb US Adds 200,000 Jobs; Wages Rise by Most Since Recession U.S. hiring picked up in January and wages rose at the fastest annual pace since the recession ended, as the economy’s steady move toward full employment extended into 2018. Read more...