22 Feb Existing Home Sales Rise More Than Forecast as Supply Drops Sales of previously owned U.S. homes climbed for the fifth time in six months to the highest level since 2007, indicating housing-market momentum will extend into 2017, National Association of Realtors data showed Feb. 22. Read more...
22 Feb CEO Troy Clarke Adds Chairman Title at Navistar Navistar International Corp. CEO Troy Clarke is now also chairman of the company's board of directors, the original equipment manufacturer said Feb. 21. Read more...
21 Feb XPO Logistics Notches First Full-Year Profit Since 2011 XPO Logistics posted its first full-year profit of the Brad Jacobs era, with net income of $63.1 million, or 53 cents a share, compared with a $245.9 million loss in 2015, or $2.65, the company said Feb. 21. Read more...
21 Feb Diesel Inches Up 0.7¢ to $2.572 a Gallon The U.S. average retail price of diesel rose 0.7 cent to $2.572 a gallon as the stronger bite of OPEC production cuts lifted the price of crude to nearly $54 a barrel, analysts said. Read more...
21 Feb Truck Tonnage Rises in January, ATA Says January truck tonnage jumped up smartly by 2.6% compared with the same month in 2016, American Trucking Associations said Feb. 21. Read more...
21 Feb Los Angeles Most Congested City in the World, INRIX Reports The City of Angels topped the list of cities with the worst traffic, where motorists spent more than 104 hours stuck in traffic in 2016, a new ranking of the most congested cities found. Read more...
21 Feb Expeditors' Volumes Rise as Rates Hinder Profits Fourth-quarter business boomed, but profits dipped at freight forwarder Expeditors International as roller-coaster pricing made management difficult, the Seattle-based firm said in its Feb. 21 earnings statement. Read more...
21 Feb UPS Tries Arming Its Brown-Clad Drivers With an Octocopter Drone UPS Inc. sees a day when your latest purchase may be dropped off not by a brown-clad delivery driver, but by an octocopter drone. Read more...
21 Feb CEO of CSX to Retire as Hunter Harrison Negotiations Continue The shakeup at CSX Corp. took another twist Feb. 21 when current CEO Michael Ward and President Clarence Gooden announced they're leaving the railroad at the end of May, another wrinkle that could affect the push from private investor Paul Hilal to install former Canadian Pacific CEO Hunter Harrison as CSX's top executive. The company also announced 1,000 layoffs. Read more...
21 Feb Wabtec Earnings Fall on Slumping Freight Market Wabtec Corp., a manufacturer of products for the freight and passenger rail markets, reported Feb. 21 a sharp decline in profits during the previous quarter and year as major freight rail carriers hit a slump. Read more...