26 Apr Massachusetts UPS Driver Receives Citation for Putting Out Fire He heroically put out a fire on the front porch of a Haverhill, Mass., home earlier this month as he finished up his UPS delivery route. Read more...
26 Apr Norfolk Southern Profits Up 12%, Beat Analyst Estimates Norfolk Southern Corp. announced that profits increased 12% in the first quarter as a result of strong rebounds in coal and intermodal business compared with early 2016. Read more...
26 Apr Canadian National Struggling to Remain North America's Most-Efficient Railroad Canadian National Railway Co. is running into challenges in maintaining its status as North America's most efficient railroad. Read more...
26 Apr Accuride Reaches Agreement to Acquire Wheel-End Supplier KIC Commercial vehicle supplier Accuride Corp. has reached an agreement to acquire KIC, a supplier of wheel-end components, and certain of its affiliated entities. Read more...
25 Apr C.H. Robinson First-Quarter Revenue Rises 11.1% First-quarter revenue for C.H. Robinson Worldwide, North America's largest freight broker, increased by 11.1%, but profitability was a mixed picture, with operating income declining 5.5% as net income rose 2.6% because of a fall in income taxes. Read more...
25 Apr Paccar Revenue Dips in 1Q, but Profits Return First-quarter sales for Paccar Inc. dipped 1.9% year-over-year, but the company returned to profitability as it did not have a large, one-time charge as it did in early 2016. Read more...
25 Apr Volvo Group First-Quarter Earnings, Sales Rise Volvo AB posted first-quarter gains in earnings and profitability, most of which was generated by its construction equipment division, as the larger truck division was fairly static compared with the same time in 2016. Read more...
25 Apr Mack's First-Quarter Deliveries Decline but Orders Surge Mack Trucks delivered a mixed load of numbers in its first quarter, dragged down by lower output totals but propelled forward by a surge in orders logged during the first three months of 2017. Read more...
25 Apr Teamsters Say N.Y. Distributor Threatens to Replace Striking Drivers, Warehouse Workers The union representing more than 100 striking delivery drivers and warehouse workers employed by East Yaphank, N.Y. , beer distributor Clare Rose said it was notified April 24 that the strikers would be "permanently replaced" on April 25. Read more...
25 Apr Norfolk Southern to Develop Second Pittsburgh Route for Double-Stack Freight Cars Last June, a landslide from the Mount Washington hillside in Pittsburgh pretty much closed the Norfolk Southern railroad tracks near Station Square for 11 days, crippling the company's ability to move double-stack freight cars through the region. Read more...