24 Oct Norfolk Southern Sets 3Q Record for Net Income Norfolk Southern Corp. joined the list of freight rail carriers reporting record financial results for the third quarter. Read more...
24 Oct ATA President Chris Spear Sees Progress in 2019 on Infrastructure, Workforce Development American Trucking Associations President Chris Spear said he likes the direction trucking is going and credits tax cuts for breathing new life into the economy, sparking investment and giving President Donald Trump leverage to negotiate new trade deals. Read more...
24 Oct Canadian National Reports Record Revenue, Strong 3Q Results Canadian National Railway on Oct. 23 reported a third-quarter record for revenue, posting a 14% increase to C$3.68 billion. Read more...
24 Oct DSV Ends Bid to Acquire Ceva Logistics DSV A/S, the world’s fifth-largest freight forwarder, walked away from Ceva Logistics AG after failing in its latest attempt to buy the Swiss company, which says it needed more time to review the offer. Read more...
24 Oct Retiring Michigan DOT Chief Kirk Steudle Appointed Econolite Executive Outgoing Michigan Department of Transportation Director Kirk Steudle has been appointed senior vice president of Econolite, a company that specializes in intelligent transportation systems and traffic management software. Read more...
24 Oct New-Home Sales Fall 5.5% in September for Fourth Straight Decline WASHINGTON — Sales of new U.S. homes plunged 5.5% in September, the fourth straight monthly drop as the housing market cools while mortgage rates rise. Read more...
24 Oct UPS Reports Strong Revenue Growth, Higher Profits in 3Q UPS Inc. reported strong revenue growth and higher profits in the third quarter, despite international headwinds from currency valuations, rising fuel costs and ongoing investment in transformation initiatives. Read more...
24 Oct Kansas City Southern Sets Revenue Record in Third Quarter Kansas City Southern on Oct. 19 reported record revenue for the third quarter, buoyed by a 17% increase in chemical and petroleum products and an 8% jump in automotive and intermodal shipments. Read more...
24 Oct Arkansas Federal Judge Rules Sleeper Berth Time Is 'Time-Worked' A federal district judge in Arkansas has ruled that a legal class of nearly 3,000 truck drivers is entitled to compensation for time in the sleeper berth even though the drivers were signed out as off-duty. Read more...
23 Oct Covenant Transport Reports Record Profits, Revenue in 3Q Covenant Transportation Group posted record revenue and profits in the third quarter as a strong freight market drove rates higher and the company began to see benefits from its recent acquisition of Landair Holdings. Read more...