01 May Railroads on Track to Meet PTC Deadline, GAO Reports A sense of optimism about the ability to fully implement automatic braking systems prior to a Dec. 31 deadline is shared by the country’s rail operators, according to a new report by the Government Accountability Office. Read more...
01 May Forward Air Reports $342.5 Million Revenue for Q1 Forward Air Corp. posted increased revenue but narrower net income for the first quarter of 2020, the company reported. Read more...
01 May FMCSA Adopts Crash Accountability Program The Federal Motor Carrier Safety Administration on May 1 announced that effective immediately it is making permanent a pilot program that will not count a crash in which a motor carrier was not at fault when calculating the carrier’s safety measurement profile. It also is expanding the types of crashes that may be considered. Read more...
01 May TravelCenters of America Reorganizes, Names Chief Information Officer TravelCenters of America Inc. announced a companywide reorganization intended to improve operational efficiency and profitability, including the appointment of Sandy Rapp as chief information officer. Read more...
01 May Manufacturing Falls in April as Virus Ravages Economy WASHINGTON — U.S. manufacturing retreated again in April, a victim of economic fallout from the coronavirus outbreak. Read more...
01 May Bus Industry Seeks More Recovery Relief WASHINGTON — Lawmakers allocated $61 billion to airlines, $25 billion to transit and $1 billion for Amtrak in the roughly $2 trillion coronavirus rescue package, but the motorcoach industry, which includes charter buses, private transit buses and passenger buses, said it has been largely ignored. Read more...
01 May SUVs Parked at Sea Reveal Scope of US Auto Market Glut For the auto industry, which saw U.S. sales plunge almost 40% in March, the coronavirus crisis has left cars gathering dust on dealer lots, dealerships shuttered, auction prices slipping and tens of thousands of workers laid off or furloughed. Read more...
01 May U.S. Xpress Reports Net Loss, Increased Revenue U.S. Xpress Enterprises reported an increase in revenue for the first quarter of 2020, but its bottom line swung from a profit to a loss. Read more...
01 May Exxon Profits Drop as Most of World Stays Home NEW YORK — Profits fell at ExxonMobil as the global pandemic began to erode oil demand. Read more...
01 May Amazon Profit Falls as Pandemic-Related Costs Rise NEW YORK — Amazon’s sales soared in the first three months of the year, as more homebound people shopped online amid the coronavirus pandemic. Read more...