28 Jan Forever Stamp Price Increase to 55 Cents Takes Effect The cost of a Forever stamp jumped 10% this weekend — from 50 cents to 55 cents — as the U.S. Postal Service continues to struggle financially. Read more...
28 Jan Infrastructure Bill a Priority in 2019, Rep. Drew Ferguson Says ATLANTA — A major new infrastructure bill is doable in 2019, despite the lack of new federal revenue to fund it, said U.S. Rep. Drew Ferguson (R-Ga.), speaking at the 28th annual meeting of SMC3 Jump Start on Jan. 28. Read more...
28 Jan Nissan Under Investigation by SEC Over Executive Pay The Securities and Exchange Commission is investigating whether Nissan Motor Co. accurately disclosed its executive pay in the United States, according to several people familiar with the matter, compounding the carmaker’s woes as it grapples with the aftermath of former Chairman Carlos Ghosn’s arrest. Read more...
28 Jan Transport Services Acquires Tra-Serv Equipment provider Transport Services Inc. acquired Tra-Serv, which offers sales, rental and leasing, parts and service throughout Ohio and the surrounding areas. Read more...
28 Jan Caterpillar 4Q Profits Tumble; Trade With China Cited Caterpillar Inc. posted the biggest quarterly profit miss in a decade as a China slowdown hit demand for its signature yellow construction and mining equipment. Read more...
28 Jan Paccar CEO Outlines Path Toward Zero-Emission Trucks, Automated Driving SAN FRANCISCO — Paccar Inc. CEO Ron Armstrong said the trucking industry is moving toward ever cleaner and more energy-efficient vehicles and will adopt increasingly advanced automated driving technology to assist drivers. Read more...
28 Jan Trey Mytty of Truck Center Cos. Named Dealer of the Year at ATD SAN FRANCISCO — Trey Mytty, CEO of Truck Center Cos. in Omaha, Neb., received top honors as the winner of the 2019 Truck Dealer of the Year award here Jan. 26 at the American Truck Dealers Show. Read more...
28 Jan ATD Announces Coalition to Repeal Federal Excise Tax on Heavy-Duty Trucks SAN FRANCISCO — American Truck Dealers announced a new industry coalition to push for the repeal of the 12% federal excise tax on heavy-duty trucks. Read more...
25 Jan Union Pacific Reports Strong 4Q Results, but Hints of Job Cuts Union Pacific Corp. reported record 2018 fourth-quarter income of $1.55 billion, or $2.13 a share, on Jan. 24. Read more...
25 Jan Covenant Transport Reports Record Revenue, Profits in 4Q 2018 Covenant Transportation Group reported record revenue and profits in the fourth quarter of 2018 as strong demand and higher rates boosted its truckload and freight brokerage business units. Read more...