26 Oct UPS Revenues Rise, but Profits Flat in Third Quarter UPS Inc. profits essentially were flat year-over-year in the third quarter, ticking down about 0.5% or $6 million as the parcel giant also announced a 4.9% rate increase effective Dec. 24 to match other less-than-truckload carriers. Read more...
26 Oct US Goods-Trade Gap Widens to Four-Month High The U.S. merchandise-trade deficit widened to a four-month high as imports rose for the first time since April, according to preliminary figures released Oct. 26 by the Commerce Department. The report also showed inventories increased at wholesalers and fell at retailers. Read more...
26 Oct UPS Tops Third-Quarter Forecasts With $1.26 Billion in Earnings UPS is reporting third-quarter earnings of $1.26 billion, beating Wall Street estimates. Read more...
25 Oct Forward Air Posts Solid Year-Over-Year Gain in Profits Forward Air Corp. had a steady third quarter with its results slightly topping analysts’ forecasts, indicating the for-hire carrier is moving at a measured pace for the year. Read more...
25 Oct Landstar Announces Strong Results in Third Quarter Landstar System posted stronger-than-expected earnings Oct. 25, with net income rising 17% year-over-year in the third quarter, easily surpassing the Bloomberg News consensus forecast. Read more...
25 Oct Used-Truck Sales Climb in September, Powered by Retail Transactions Class 8 used-truck sales rose in the retail market nearly 30% in September, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. Read more...
25 Oct Direct ChassisLink Inc. Acquires Trac Intermodal’s Domestic Chassis Fleet Direct ChassisLink Inc. has signed an agreement to make a major acquisition, purchasing the entire domestic chassis fleet from competitor Trac Intermodal. Read more...
25 Oct Trump’s Economic Adviser Floats Idea of Gas Tax Hike for Infrastructure President Donald Trump’s chief economic adviser raised the possibility of increasing the federal gasoline tax next year to help pay for the administration’s $1 trillion infrastructure plan, U.S. Representative Tom Reed said. Read more...
25 Oct Direct ChassisLink Inc. Acquires TRAC’s Domestic Chassis Fleet Direct ChassisLink Inc. has signed an agreement to make a major acquisition, purchasing the entire domestic chassis fleet from competitor Trac Intermodal. Read more...
25 Oct Canadian Trucking Groups Call for Zero Tolerance as Marijuana Legalization Looms Canadian trucking associations are calling for a zero-tolerance policy for marijuana use among drivers as the country prepares to legalize the drug for recreational purposes in July 2018. Read more...