27 Apr VMT Useful in Infrastructure Funding, Study Says A fee that would charge drivers for the miles they travel would help boost the Highway Trust Fund, the American Action Forum determined in a study published April 24. Read more...
27 Apr NAFTA Nations to Meet Again; Mexico Says Deal Possible in Days The United States and its NAFTA partners are stepping up efforts to reach a tentative deal in the coming days — with one Mexican minister saying a pact is “reasonably close” while the United States prepares for talks with China. Read more...
27 Apr Daimler Upbeat on Profit Outlook as Luxury Cars Offset Spending Daimler AG struck an upbeat tone, calling for “slightly” higher 2018 earnings, as sales growth of its higher-priced Mercedes-Benz luxury cars such as the S-Class coupe helps offset record spending to develop electric vehicles. Read more...
26 Apr USA Truck Grabs Profit on Revenue Rise USA Truck reported first-quarter 2018 net income of $1 million, or 13 cents per share, compared with a net loss of $4.9 million, or minus 61 cents a share, in the first quarter of 2017. Read more...
26 Apr Hub Group Reports Higher Revenue, Profits in 1Q Hub Group reported higher revenue and profits in the first quarter of 2018 with growth coming from intermodal, logistics and dedicated contract carriage operations. Read more...
26 Apr Union Pacific Records Solid 1Q Results Union Pacific Railroad reported first-quarter net income of $1.3 billion, or $1.68 per share, compared with $1.1 billion, or $1.16, in the first quarter of 2017. Read more...
26 Apr Universal Logistics Buoyed by Record Revenue, Strong Profits Universal Logistics Holdings reported first-quarter net income of $10.4 million, or 37 cents per share, a rise of 147% from $4.3 million reported for the first quarter a year ago. Read more...
26 Apr Minnesota Freight Railroad Files Lawsuit Over Light-Rail Project Planners of the Southwest light-rail project in Minnesota are facing another legal challenge, this time from a freight rail company that is slated to share a portion of the nearly 15-mile route between Minneapolis and Eden Prairie. Read more...
26 Apr LG Acquires ZKW in Its Largest Takeover; Focus Shifts to Lighting Self-Driving Cars South Korean electronics group LG aims to become the world leader in lighting self-driving cars, by taking over Austrian car lights specialist ZKW for an estimated $1.3 billion, LG announced April 26. Read more...
26 Apr DTNA Announces Senior Leadership Changes Daimler Trucks North America announced three high-level appointments in its manufacturing and remanufacturing operations. Read more...