27 Apr Durable-Goods Orders Rose Less Than Forecast in March Orders for durable goods rose less than forecasted in March as demand for automobiles, fabricated-metal products and machinery all declined, Commerce Department data showed April 27. Read more...
26 Apr Soft Pricing, Rigid Costs Diminish 1Q Profits for Hub Group Sandwiched between "soft pricing" and unyielding costs, intermodal, trucking and brokerage company Hub Group reported a significant decline in first-quarter net income even as revenue increased. Read more...
26 Apr Landstar Reports Record 1Q Revenue, Earnings, Loads Carried by Truck Landstar System Inc. reported record first-quarter revenue and earnings per share, and net income climbed. Read more...
26 Apr Echo Global Posts First-Quarter Net Loss Despite Revenue Record Third-party logistics provider Echo Global Logistics reported record revenue for a first quarter on April 26, but its small profit from the same quarter a year ago became a net loss, as purchased transportation costs increased and net revenue declined. Read more...
26 Apr Truckload Profits Fall at TFI, Knight, Patriot Transportation; Rise at Forward Air Truckload carriers continued to struggle as three out of four companies reported lower quarterly earnings versus 2016 levels as the industry struggles with excess capacity and lower prices. Read more...
26 Apr Pennsylvania Airport Expanding to Handle More Amazon Planes So many of those packages people insist on getting in two days have been ending up at Lehigh Valley International Airport, where airport officials are racing to build more space for Amazon.com cargo planes. Read more...
26 Apr More Layoffs at CSX Brings Total Dismissals to 1,000, as Originally Projected Jacksonville, Fla.-based CSX Corp. finalized the company's layoffs April 25 with the termination of 200 workers, bringing the complete tally of layoffs to 1,000, which the company originally projected in February. Read more...
26 Apr Trump's Infrastructure Plan Likely Out Early Summer, Rep. Graves Says WASHINGTON - The Trump administration's long-term funding proposal for fixing and modernizing the country's infrastructure will likely be unveiled early in the summer, Rep. Sam Graves (R-Mo.), a senior transportation policymaker, said April 26. Read more...
26 Apr White House Proposes Slashing Corporate Federal Income-Tax Rate to 15% The White House made its opening bid for what officials called the "biggest tax cut" in U.S. history - with cuts that would benefit businesses, the middle class and certain high-earning individuals - but left unanswered questions about whether the plan would be paid for, or how. Read more...
26 Apr Daimler's First-Quarter Profits Double, but Trucks Not a Big Factor First-quarter business rose and profits doubled for German manufacturer Daimler AG, but new truck sales were generally not part of the equation, and especially not in North America, the company reported April 26. Read more...