10 May Harris Saunders, Truck Leasing Executive, First Trala Chairman, Dies at Age 93 Harris Saunders Jr., the former head of Saunders Leasing System and picked to be the first chairman of the Truck Renting and Leasing Association in 1978, died May 6. He was 93. Read more...
10 May Consumer Prices Rise Less Than Forecast as Autos Drop U.S. consumer prices rose by less than forecast in April as costs for automobiles and airfares declined, reducing chances that inflation will run significantly above the Federal Reserve’s target in coming months. Read more...
10 May Radiant Logistics Profits Slump as Transportation Costs Rise Radiant Logistics, a provider of domestic and international freight forwarding, truck and rail brokerage, warehousing and order fulfillment services, reported lower profits in the fiscal third quarter despite a buoyant freight market that pushed up gross revenues 12.2% in the three months ended March 31. Read more...
09 May Trump Infrastructure Plan Ailing, but Not Dead, in Senate A water resources bill under consideration in the Senate appears to reject the White House’s $1.5 trillion infrastructure plan, but top Republicans say parts of the Trump proposal eventually may make it into the legislation later this month. Read more...
09 May DOT Unveils Drone Tests Ranging From Deliveries to Farming A who’s who of technology and aviation companies won U.S. approval to push the edge of the envelope in drone flights, from testing people’s tolerance for delivery devices hovering over their rooftops to ensuring farmers’ drones won’t hit crop dusters. Read more...
09 May Gov. Andrew Cuomo Proposes Additional $125 Billion for N.Y. Infrastructure New York Gov. Andrew Cuomo announced May 8 that an additional $125 billion will go toward infrastructure investment over the next five years. Read more...
09 May Strong Market Treats Two Suppliers Differently First-quarter earnings reports for two companies supporting the commercial vehicle industry reflected different results amid a strong environment for freight and booming truck orders. One supplier of fuel and related services for fleets on the road had a net loss but an uptick in revenue while a diversified component supplier saw both its net income and revenue surge. Read more...
09 May Capitol Agenda for the Week of May 7: Little Bills The art of the deal under the Trump administration is taking us from the promise of having a huge infrastructure package to asking us to settle for smaller, tinier measures. Essentially, you get what you can. Read more...
09 May Driver Pay Rising as Large Carriers Open Their Wallets Recruiters are working to keep pace as carriers continue to increase compensation as a way of attracting and retaining drivers, a new survey found. Read more...
09 May American Factories Struggle to Increase Productivity The United States has added 1.2 million jobs in manufacturing over the past eight years. Before you cheer for the revival of American manufacturing, consider the reason for all that job growth: abysmal productivity performance. Read more...