26 Apr Bid to Restrict Lanes for Big Trucks in Baton Rouge Area Dies in House A bid to ease Baton Rouge traffic problems by requiring big trucks to stay in the right lane during evening rush hour died April 25. Read more...
26 Apr Mullen Group Trucking Revenue Rises, But Profits Plummet A surge in revenue from truckload freight hauling was enough to offset a downturn in oil field services for Canada’s Mullen Group, but the extra profits from trucking weren’t enough to salvage the company’s bottom line, which took a big hit in the first quarter. Read more...
26 Apr Alberta Drillers Near Deals With Railroads, Potentially Easing Oil Logjam Alberta’s beleaguered oil industry may get some relief from its persistent shipping bottlenecks in the second half of the year as producers strike deals with rail companies to move more crude. Read more...
26 Apr Jobless Claims Decline on Return of New York School Workers U.S. filings for unemployment benefits plunged to the lowest level since 1969, mainly reflecting the return of educational service workers in New York state, figures showed April 26. Read more...
26 Apr U.S. Bank: Truck Freight Services Spending Grew 25% in 2017 Spending on truck freight services surged nearly 25% and freight shipments grew 12.6% in 2017 as the economy expanded and the trucking industry paid more to obtain capacity and on driver compensation, according to the U.S. Bank Freight Payment Index. Read more...
25 Apr TFI International Sees Earnings Increase, Revenue Stay Flat in 1Q Canadian transportation conglomerate TFI International reported a sharp increase in profits on revenue that was essentially flat in the first quarter of 2018. Read more...
25 Apr Knight-Swift Reports ‘Progress’ With Merger, Sees Challenges in Getting Enough Drivers The holding company for Knight Transportation and Swift Transportation reported results for the first quarter of 2018 that reflect “progress” in achieving cost savings for the combined enterprise but also difficulty in finding enough drivers to meet increasing demand for service. Read more...
25 Apr Landstar System Posts Record First Quarter Landstar System reported its best first quarter with revenue jumping 34.2% to $1.05 billion and profits reaching a record $57.5 million, or $1.37 a share, as demand for freight hauling continued to strain truck capacity in the market. Read more...
25 Apr Forward Air First-Quarter Results Better Than Expected Forward Air Corp. reported better-than-expected results in the first quarter as strong demand and tight truckload capacity boosted expedited less-than-truckload shipping and intermodal services. Read more...
25 Apr Echo Global Logistics Reports Revenue Surge in 1Q Echo Global Logistics reported record revenue in the first quarter of 2018 and posted a profit, compared with a loss a year ago, as tight capacity drove more business to third-party transportation service providers. Read more...