20 Oct Wabco Reports Quarterly Sales Record, But Income Falls Commercial vehicle supplier Wabco Holdings Inc. reported third-quarter net income dropped and revenue soared. Read more...
20 Oct I-95 Corridor Coalition, Delaware DOT to Test Mileage-Based Revenue Project With Trucks The I-95 Corridor Coalition, in a partnership with the Delaware Department of Transportation, is leading a pilot program to assess the feasibility of generating mileage-based revenue from trucks. Read more...
20 Oct BMW Raided in Collusion Probe as Daimler Blows Whistle to EU BMW AG said it was raided by European Union antitrust watchdogs this week as the EU ramped up a probe into the German car industry following reports that carmakers colluded on technology for decades. Read more...
20 Oct Universal Logistics Strong 3Q Forecast Dashed Two weeks after Universal Logistics Holdings offered a bright outlook for its third-quarter earnings report, the company reversed course Oct. 19, telling investors that a jury verdict will knock it back once again. Read more...
20 Oct States Can Apply for Interstate Tolling Program Through FHWA The Federal Highway Administration is taking applications from states interested in collecting tolls at interstate facilities, according to a document published in the Federal Register on Oct. 20. Read more...
20 Oct Kansas City Southern Posts Strong 3Q Gains Despite Hurricane Harvey Kansas City Southern reported profits rose 7.2% in the third quarter on strength in automotive, energy, intermodal and petrochemical transportation, despite suffering a financial blow of up to $23 million in operating income from Hurricane Harvey. Read more...
20 Oct Analysis: Let’s Give a Blast of the Air Horn for Global Truck Boom It’s rare that major economies all grow at the same time. For investors that’s sometimes frustrating. There’s always at least one country—Brazil, Russia, wherever—blotting a multinational’s otherwise decent set of numbers. Read more...
19 Oct Covenant, Werner Report Strong Third-Quarter Earnings Three publicly traded carriers reported results on Oct. 19 with two reporting profits better than 2016 and one with a decline in the third quarter. Read more...
19 Oct Editorial: NAFTA: There’s No Going Back One thing was clear after the latest round of talks aimed at renegotiating terms of the North American Free Trade Agreement ended in Washington, D.C., last week. We aren’t very close to a new deal on NAFTA. Read more...
19 Oct Drug Testing Failure Rate for ‘Safety-Sensitive’ Workers Soars The percentage of U.S. workers in “safety-sensitive” jobs — a category that includes truck drivers — who flunked their federally-mandated drug tests increased at an “alarming” rate from 2015 to 2016, according to an analysis of drug testing data collected by the nation’s largest lab. Overall, the percentage of safety-sensitive workers who failed crept up year-over-year, the report said. Read more...