06 Nov Landstar VP, CFO Kevin Stout Transitions to Advisory Role Landstar System Inc. announced that Kevin Stout ended his role as vice president and chief financial officer Nov. 2 and will become special adviser to company President Jim Gattoni. Read more...
06 Nov Southwest Warns Workers of First Layoffs in Company History Southwest Airlines Co. issued notices for what could be the first involuntary furloughs in its 49-year history, after a union declined to discuss concessions aimed at cutting payroll costs. Read more...
06 Nov Transportation Leaders Call for GAO Study on 5.9 GHz Spectrum The leadership of the Transportation and Infrastructure Committee in the U.S. House of Representatives called on the U.S. Government Accountability Office to review the safety implications stemming from the possibility of sharing the 5.9 GHz spectrum band. Read more...
06 Nov VW Poised to Sign Off on $3.7 Billion Navistar Deal Volkswagen AG’s board is preparing to sign off on its heavy-truck unit Traton SE acquiring U.S. manufacturer Navistar International Corp., according to people familiar with the matter. Read more...
06 Nov Mississippi DOT Cautions Drivers About Log Trucks The Mississippi Department of Transportation has issued a notice reminding drivers to stay alert for log trucks, especially as people on the road adjust to the end of daylight saving time. Read more...
06 Nov Labor Market Extends Gains, Jobless Rate Declines to 6.9% The U.S. labor market strengthened in October, defying expectations for more subdued gains amid an intensifying pandemic and lack of additional fiscal relief. Read more...
06 Nov USPS Says Thousands of Mail-In Ballots May Have Gone Missing The U.S. Postal Service on Nov. 5 told a judge that a review of processing data revealed roughly 4,250 mail-in ballots in Pennsylvania and North Carolina may have gone missing. Read more...
05 Nov New Orleans Attorney Indicted in Staged-Accident Scam A previously unidentified New Orleans attorney alleged to be a co-conspirator in a sweeping federal investigation into staged accidents with tractor-trailers was named in a Nov. 5 federal indictment for his alleged role in the conspiracy. Read more...
05 Nov XPO Posts Revenue Increase, Net Income Decrease in Q3 XPO Logistics Inc. saw revenue tick up and net income dip in the third quarter, and the company said business activity has bounced back from earlier downturns. Read more...
05 Nov Wabash Reports Q3 Earnings Decline, Prepares for Increased Demand Trailer and truck body manufacturer Wabash National Corp. reported lower net income and revenue in the third quarter, and saw gains in its consolidated gross margin. Read more...