09 Feb Governors Press Trump on Infrastructure The group representing the country's governors delivered a list to the White House this week that outlines hundreds of infrastructure projects governors would like the administration to prioritize. Read more...
09 Feb Dart Transit Raises Driver Pay Truckload carrier Dart Transit Co. raised its starting pay for longhaul company drivers along its main freight lanes by 5 cents per mile. Experienced, top-performing drivers could now earn over $60,000 in their first year with the company, Dart said. Read more...
09 Feb Bendix Electronic Stability Program Now Standard on Kenworth T680, T880 Models Bendix Commercial Vehicle Systems' electronic stability program now is standard on Kenworth Truck Co.'s T680 and T880 trucks. Read more...
09 Feb Navistar Completes Repricing of $1 Billion Loan Navistar International Corp. announced it has completed the repricing of subsidiary Navistar Inc.'s existing $1 billion senior secured term loan. Read more...
09 Feb Private Equity Group Buys Stake In Evans Network of Cos. Calera Capital has acquired a majority stake in the Evans Network of Cos., but CEO Bo Bates, the Evans family and management will retain a significant equity interest in the business, according to a Feb. 9 announcement. Read more...
09 Feb Cummins Fourth-Quarter Income Rises as Revenue Dips Independent engine maker Cummins Inc. posted higher fourth-quarter net income and slightly lower revenue. Read more...
09 Feb Dana Fourth-Quarter Income Surges on Revenue Rise, Tax Break Components supplier Dana Inc. saw fourth-quarter net income surge as a result of a tax benefit and a 5% increase in revenue compared with the same period in 2015. Read more...
09 Feb Jobless Claims Fall to Lowest Since November Applications for unemployment benefits in the United States declined last week to an almost three-month low, echoing a vibrant job market. Read more...
08 Feb Radiant Posts Higher Earnings; Echo Global, Forward Air Slip Three transportation and logistics companies reported quarterly earnings after the market closed Feb. 8, with two that recorded year-over-year declines and one that showed improvement. Read more...
08 Feb P3s 'Do Not Work For Rural Areas,' Sen. John Barrasso Says WASHINGTON - Projects funded primarily with private sector capital are not ideal for states and cities outside of urban megaregions, the Senate's top transportation policymaker said Feb. 8 during a hearing at which other senators and state transportation officials also criticized privately backed infrastructure projects. Read more...