17 Apr New Tax Law Boosts Trucking Industry, ATA Chairman Dave Manning Says WASHINGTON — The trucking industry continues to experience economic benefits resulting from the recently enacted federal tax overhaul, the chairman of American Trucking Associations told House Republican leaders on Capitol Hill on April 17, the country’s deadline for filing taxes. Read more...
17 Apr CSX Announces Strong First-Quarter Earnings as Results Exceed Expectations CSX Corp., the country’s third-largest railroad, reported stronger-than-expected earnings April 17 as the company cut costs. First-quarter net earnings were $695 million, or 78 cents per share. That is more than the 66 cents per share analysts had been expecting. Read more...
17 Apr FMCSA Assigns CSA Severity Weights to ELD Violations The Federal Motor Carrier Safety Administration has assigned severity weights to each of about a dozen electronic logging device-related violations that are being recorded on a driver’s or motor carrier’s safety profile score. Read more...
17 Apr Mayor Eric Garcetti Says SpaceX to Build New Rocket in Port of Los Angeles SpaceX has chosen to manufacture its planned big, new rocket in the Port of Los Angeles, Mayor Eric Garcetti announced April 16 in his annual state of the city speech. Read more...
17 Apr Travis Allen Spurs Feud Among California Republicans Over Anti-Gas Tax Campaign Leaders of the effort to repeal California’s new gas tax increase are blasting Republican governor candidate Travis Allen for using money raised to repeal the tax to broadcast ads featuring himself. Read more...
17 Apr FMCSA Halts Transport of Explosives for Tennessee-Based Company The Federal Motor Carrier Safety Administration has prohibited Rock City Stone Co., a Tennessee-based group, from commercially transporting explosives or hazardous materials. Read more...
17 Apr Port of Long Beach Has Record 1Q; Port of Los Angeles Sees 5.7% Drop The Port of Long Beach had its best first quarter, up 19.4% compared with the same period in 2017. Read more...
17 Apr Housing Starts Top Forecasts on Multifamily Construction New-home construction rose by more than forecast in March on a rebound in multifamily starts, giving a boost to first-quarter economic growth, government figures showed April 17. Read more...
17 Apr Digital Marketing Firm ACG Transfers Trucking Assets to Mark-It Express Alliance Creative Group, a Chicago-based firm engaged in product development, packaging and printing, fulfillment and transportation services, said it will transfer its trucking clients and most of its drivers to Mark-It Express Logistics, a bigger and more established trucking company. Read more...
17 Apr IMF Spots Trouble for Global Economy After 2020 The International Monetary Fund predicted the world economy’s strongest upswing since 2011 will continue for the next two years but warned the seeds of its demise already may have been planted. Read more...