25 Jan Covenant Transportation Earnings Fall Net income at dry van and refrigerated carrier Covenant Transportation Group fell by more than 50%, year-over-year, for both the fourth quarter and the full year, the Chattanooga, Tennessee, truckload fleet reported Jan. 25. Read more...
25 Jan Knight Transportation Profits Plummet 24%; Positive Future Predicted Knight Transportation Inc. reported profits plummeted 24% in the fourth quarter, blaming the results on low gas prices, a poor used-truck market and two class-action lawsuits. Read more...
25 Jan Infrastructure First Issue Discussed in NGA Leaders' State of the States Address WASHINGTON - Infrastructure was the first issue that Virginia's Terry McAuliffe, a Democrat, and Nevada's Brian Sandoval, a Republican, discussed in the annual bipartisan State of the States address by the leaders of the National Governors Association on Jan. 25. Read more...
25 Jan U.S. Xpress Joins Truck Technology Alliance After Successful Fuel Savings Test Engineering and research company PIT Group announced truckload carrier U.S. Xpress Inc. joined its membership organization following the success of in-service fuel consumption tests PIT Group carried out at the carrier's facilities in Tunnel Hill, Georgia, last November. Read more...
25 Jan CSX Investors Are All Ears for Harrison Pitch to Run Carrier If most CSX Corp. investors are like Sandy Pomeroy and T.J. McConville, Hunter Harrison will probably have a fourth railroad to run. Read more...
25 Jan Patriot Transportation Reports Mixed Financial Results for Last Quarter Patriot Transportation Holding Inc. reported earnings dropped double digits for the three-month period that ended Dec. 31, although it came out ahead when a one-time settlement with gas company BP last year is excluded from the totals. Read more...
25 Jan YRC Worldwide Preliminary Fourth-Quarter Earnings Fall Short of Expectations YRC Worldwide Inc. released preliminary figures on its operating income and earnings before interest, taxes, depreciation and amortization for the fourth quarter of 2016 and the entire year, both of which fall short of analysts' estimates. Read more...
25 Jan Amazon Boosts Cargo Shipments 166% at Pennsylvania Airport The Lehigh Valley saw air cargo shipments increase nearly 166% in 2016, with planes carrying 126 million pounds of cargo compared with 47.4 million pounds in 2015. Read more...
25 Jan Mack Trucks Discontinues Titan Model, 16-Liter Engine Mack Trucks' lineup of heavy-duty vehicles is about to get a little lighter. Read more...
25 Jan Norfolk Southern Profits Jump 15% in Fourth Quarter, Beating Analyst Forecasts Norfolk Southern posted stronger earnings in the fourth quarter with a 15% increase in profits compared with the same period in 2015, beating the already favorable forecasts from industry analysts. Read more...