19 Jul Fed Beige Book Cites Trucking Woes as Drivers Prove Hard to Find American businesses want to keep trucking along, but they’re running into a persistent roadblock: a driver shortage amid high demand for freight services. Read more...
19 Jul Volvo Profits Jump 47% on Sales Growth Volvo AG reported second-quarter operating income of $1.4 billion, or 50 cents a share, a 47% increase from $939 million, or 32 cents, in the same period a year ago. Read more...
19 Jul Rhode Island Says First Month of Truck Tolling Garners $625,989 PROVIDENCE, R.I. — The Rhode Island Department of Transportation says the state made more money than expected in its first month of tolling trucks. Read more...
19 Jul Appeals Court Temporarily Stays EPA Decision to Not Enforce Glider Kit Truck Regulation A federal appeals court has issued a temporary stay blocking a decision by the Environmental Protection Agency to not enforce an Obama administration regulation that limits glider kit truck manufacturers to building no more than 300 of the trucks a year. Read more...
19 Jul Lawmakers, Administration Officials Tout Weather-Resilient Infrastructure WASHINGTON — Last year’s destruction of critical infrastructure due to massive hurricanes and severe wildfires along the West Coast reinforces the long-term benefits of investing in resilient reconstruction efforts, a top Republican transportation authorizer in the House said July 18. Read more...
18 Jul Canadian Pacific Reports Second-Quarter Revenue Growth of 7% Canadian Pacific Railway Ltd. announced second-quarter revenues of C$1.75 billion, an increase of 7% from $1.64 billion when compared with the same period of 2017. Read more...
18 Jul ODW Opens E-Commerce Center in Columbus, Ohio ODW Logistics is opening a 200,000-square-foot logistics center near Columbus, Ohio, to expand its e-commerce capabilities. The facility on Interstate 71 in Grove City is within a 10-hour drive of about 50% of the U.S. population and one-third of the Canadian population, according to ODW. Read more...
18 Jul Railroads Would Save $17 Million With Construction Equipment Exemption Several types of railroad construction and maintenance equipment would be exempted from OSHA’s construction crane rule if details of a proposal released July 18 take effect. Read more...
18 Jul Transport Earnings Off With a Bang in Show of Cyclical Strength While this earnings season started out as a whimper for some, it’s a boom in one of the most cyclical parts of the U.S. stock market. Read more...
18 Jul ABF Freight’s Tim McElwaney Dedicates Georgia Title to Late Father For ABF Freight’s Tim McElwaney, this year’s Georgia truck driving championships were bittersweet. Read more...