22 Apr Canadian Pacific Posts Q1 Earnings, Discusses Rival Bid for Kansas City Southern Canadian Pacific officials aggressively defended their planned $25 billion acquisition of Kansas City Southern, announced in March, during a conference call April 21 regarding first-quarter earnings. Read more...
22 Apr Sen. Tom Carper Says USPS Should Buy More Electric Vehicles The U.S. Postal Service should include more electric vehicles in its new fleet than it first envisioned when it awarded a $6 billion contract to Oshkosh Corp., a U.S. senator told nominees to the service’s board. Read more...
22 Apr Mullen Posts Increased Q1 Earnings on Declining Revenue Mullen Group nearly tripled its earnings but saw revenue decline in the first quarter as growth was hindered by Canada’s slow recovery from the COVID-19 pandemic. Read more...
22 Apr Republicans Counter Biden With $568 Billion Infrastructure Plan A $568 billion plan that focuses on surface transportation connectivity improvements and greater access to broadband internet for rural residents was unveiled by the Republican leadership in the U.S. Senate April 22. Read more...
22 Apr C.R. England Announces Historic Driver Pay Increase C.R. England is implementing the largest overall percentage driver-pay increase in its history, the carrier announced April 22. Read more...
22 Apr FMCSA Proposes Four-Year Rebuild Delay of Its Medical Examiners Website Federal trucking regulators have proposed delaying for four years completion of a redesign for a web-based national registry of certified medical examiners, citing information technology-related challenges with the effort. Read more...
22 Apr Biden Pledges 52% Cut in Fossil Fuel Emissions by 2030 President Joe Biden convened leaders of the world’s most powerful countries on April 22 to try to spur global efforts against climate change. Read more...
22 Apr Volvo Group Sees More Risk From ‘Unstable’ Chip Supply Chain Volvo Group said it may see further disruption from the semiconductor shortage that has forced the truck maker to idle plants, potentially hobbling a recovery that has seen orders more than double. Read more...
22 Apr Jobless Claims Fall to Pandemic Low as Economy Accelerates Applications for U.S. state unemployment insurance unexpectedly plunged to a fresh pandemic low as the job market recovery gathers steam. Read more...
22 Apr US House Leaders Plan Late May Highway Bill Markup Legislation that would modernize the country’s surface transportation operations, with attention to trucking policy, is expected to reach a committee in the U.S. House of Representatives next month. Read more...