06 Nov US Productivity Unexpectedly Posts First Decline Since 2015 Productivity in the U.S. unexpectedly posted the first decline in almost four years and labor costs accelerated, suggesting a pickup in efficiency earlier this year was more of a temporary shift. Read more...
05 Nov Expeditors International Profits Fall 2% in Q3 Expeditors International said the ongoing trade disputes and the global economy nicked its profits and revenues in the third quarter of 2019, but the company did well in negotiating prices to make up for the downturn. Read more...
05 Nov Cummins Puts Faith in Diesel, Readies for Hydrogen ATLANTA — Cummins Inc., underscoring its belief in the power of choice, announced its latest advances in fuel efficiency for its heavy-duty diesel engines and showcased hydrogen fuel cell technology in its own Class 8 demonstration model. Read more...
05 Nov Republican Leaders Continue to Press Action on USMCA Supporters of the new United States-Mexico-Canada Agreement continue to pressure lawmakers on Capitol Hill to proceed with a vote on the trade deal, which was signed last year. Read more...
05 Nov Jack Cooper Exits Bankruptcy Jack Cooper Holdings Corp. has exited its Chapter 11 bankruptcy proceedings, the auto-hauling logistics company said Nov. 4. Read more...
05 Nov Trudeau: Canada to Resume Pork, Beef Shipments to China Canada will resume shipments of pork and beef to China, Prime Minister Justin Trudeau said, signaling the Asian nation has lifted an import ban imposed earlier this year. Read more...
05 Nov US Services Companies’ Growth Rebounds in October WASHINGTON — Growth in the vast U.S. service sector rebounded in October after sinking to a three-year low in September, causing concern for investors and economists. Read more...
05 Nov Roadrunner Sells Intermodal Business to Universal Logistics for $51 Million Roadrunner Transportation Systems has sold its intermodal business to Universal Logistics Holdings for $51.25 million in cash, the transportation and asset-light logistics company announced Nov. 5. Read more...
05 Nov Meritor Offers New e-Axles for Global Market ATLANTA — Meritor Inc. announced it expanded its electric drivetrain business and developed friction material with reduced levels of copper ahead of the regulatory deadline, launched an air disc brake package and enhanced certain axles. Read more...
05 Nov Kansas DOT Selects 22 Projects Through Cost Share Program State leaders recently announced 22 projects have been selected as part of the Kansas Department of Transportation’s Cost Share Program, which is meant to provide funding for transportation initiatives. Read more...