04 May Hub Group Posts Dips in Revenue, Net Income in First Quarter Hub Group reported double-digit declines in profits and revenue during the first quarter as it saw a drop in intermodal revenue and a decrease in its truck brokerage business. Read more...
04 May New Life Adds UBLights to Product Line New Life Transport Parts Center has added the UBLights product line as a cost-effective alternative to its existing lighting and safety portfolio, available through its distribution network. Read more...
01 May Automakers Avoid Disaster With 0% Financing Zero-percent auto financing deals hit a record last month as carmakers kept the U.S. auto market from collapsing. Read more...
01 May Mississippi DOT Starts Work on Highway Construction Project The Mississippi Department of Transportation recently began a construction project to extend state Route 76 as part of a regional highway development effort. Read more...
01 May U.S. Steel Foreshadows Blue-Collar Pain With 2,700 Layoffs U.S. Steel Corp. expects to lay off about 2,700 employees as the virus forces the company to idle most of its blast furnaces. Read more...
01 May Universal Logistics Reports Revenue Increases, but Net Income Falls in Q1 Universal Logistics Holdings saw revenue increase but net income decline during a first quarter marked by what its leader described as a “deteriorating operating environment caused largely by the COVID-19 pandemic.” Read more...
01 May Railroads on Track to Meet PTC Deadline, GAO Reports A sense of optimism about the ability to fully implement automatic braking systems prior to a Dec. 31 deadline is shared by the country’s rail operators, according to a new report by the Government Accountability Office. Read more...
01 May Forward Air Reports $342.5 Million Revenue for Q1 Forward Air Corp. posted increased revenue but narrower net income for the first quarter of 2020, the company reported. Read more...
01 May FMCSA Adopts Crash Accountability Program The Federal Motor Carrier Safety Administration on May 1 announced that effective immediately it is making permanent a pilot program that will not count a crash in which a motor carrier was not at fault when calculating the carrier’s safety measurement profile. It also is expanding the types of crashes that may be considered. Read more...
01 May TravelCenters of America Reorganizes, Names Chief Information Officer TravelCenters of America Inc. announced a companywide reorganization intended to improve operational efficiency and profitability, including the appointment of Sandy Rapp as chief information officer. Read more...