Entries for January 2018

Patriot Transportation Earns $3.6 Million in Profits

Patriot Transportation Holding Inc. announced $3.6 million in profits in its fiscal first quarter, more than four times the amount one year ago thanks to $3 million in deferred tax benefits tied to the Tax Cuts and Jobs Act.

Landstar Posts Record Profits, Revenue in 4Q

Landstar System said it reached a key milestone in the fourth quarter of 2017 with revenue topping $1 billion for the first time and earning record profits from its asset-light trucking and freight brokerage operations.

California Could See the Return of $4 Gasoline by May

Motorists in California, the state with the most expensive gasoline, could see pump prices that begin with a 4 again as oil markets rally.

FedEx Looks to Fill 800 Part-Time Jobs at World Hub

A FedEx Express job fair is scheduled for 8 a.m. to 3 p.m. Feb. 3 at 2874 Business Park Drive, Building D, near Memphis International Airport.

Smith Transport Founder Hires Todd Smith as President

Mack Posts Modest Uptick in Deliveries, Receives Surge in Orders in 2017

If you look solely at Mack Trucks’ delivery total last year, you see a number that is only 4% — or about 800 trucks — higher than the company’s total in 2016, which was its worst statistical year since 2010.

Americold Stock Sale Gives a Lift to Warehousing Sector

While proceeds from Americold Logistics’ recent initial public offering are going mostly to pay off debt, executives say the move also will help kickstart growth for the Altanta-based warehouse operator by boosting its ability to pursue acquisitions and fund new e-commerce distribution, transportation and logistics services.

UPS Seeks Driver ‘Flexibility’ in Contract Talks With Teamsters

Contract negotiations between UPS Inc. and the Teamsters Union began in January with the union and the package delivery firm taking a measured approach to reaching a deal before the July 31 deadline.

West Virginia Transportation Secretary: Benefits of $2.8 Billion Road Plan Already Happening

West Virginia Transportation Secretary Tom Smith told state legislators Jan. 29 that West Virginia drivers are already beginning to notice road improvements as part of Gov. Jim Justice’s four-year, $2.8 billion “Roads to Prosperity” program.

Train Carrying GOP Lawmakers Strikes Truck, Killing Motorist

An Amtrak train carrying Republican members of Congress to a party retreat struck a garbage truck outside Charlottesville, Va., on Jan. 31, killing one person on the truck.