07 Jun Navistar Loses $80 Million in Second Quarter as Revenue Declines Navistar International Corp. lost $80 million, or 86 cents a share, on revenue that declined to $2.1 billion during the fiscal quarter ended April 30, as the manufacturer also set aside an extra $60 million for its reserve fund to deal with used trucks with troubled engines that are largely exported. Read more...
07 Jun Navistar to Lay Off More Than 80 Ohio Workers Navistar will lay off more than 80 workers at its Ohio Truck Specialty Center in Springfield, Ohio, beginning in early August, according to a notice the truck manufacturer filed with the Ohio Department of Job and Family Services. Read more...
07 Jun Port of L.A. Approves $1.17 Billion Budget to Help Terminals Better Handle Trucks, Ships The Los Angeles Board of Harbor Commissioners approved a $1.17 billion budget to cover infrastructure improvements and reduce the wait time truckers face when doing business at the largest port in North America. Read more...
07 Jun Autonomous Cargo Ship Latest Push by Mining Company to Slash Costs BHP Billiton, the world's biggest mining company, is studying the introduction of giant automated cargo ships to carry everything from iron ore to coal as part of a strategic shift that may disrupt the $334 billion global shipping industry. Read more...
07 Jun UPS to Hire Hundreds in Washington for Massive New Warehouse As many as 1,200 new jobs could come to Tacoma when UPS Inc. moves into a large warehouse on the Tacoma Tideflats. Read more...
07 Jun Oil Extends Decline as US Crude, Gasoline Stockpiles Rise Oil tumbled to the lowest intraday level in four weeks June 7, as U.S. industry data showed an unexpected increase in crude inventories. Gasoline stockpiles also rose. Read more...
07 Jun N.C. Community College Offering Trucking Operations Management Certificate to Meet Local Demand The need to replenish employees in the trucking industry is a constant with more than 16,000 trucking companies located in North Carolina, which is why Surry Community College is offering a new Trucking Operations Management certificate in fall 2017. Read more...
06 Jun Port Everglades Gets $41.4 Million for Bigger Cranes Port Everglades will purchase three new large gantry cranes at $41.4 million as part of a larger overall program to expand the complex and better position itself to receive Neopanamax vessels traveling through the expanded Panama Canal. Read more...
06 Jun Less-Than-Truckload Carriers Report Strong Second Quarter Less-than-truckload carriers report that the second quarter has been strong in terms of volumes, tonnage and revenue due to strong demand for spring and summer items and a strong oil and gas sector, based on numbers from publicly traded companies and conversations with privately-held ones. Read more...
06 Jun Larger Cargo Ships Are Coming to East Coast Ports. Can North Carolina Keep Up? The largest cargo ship ever to visit U.S. East Coast ports is making high-profile stops lately in Virginia, Georgia and South Carolina, but it won't be visiting North Carolina. Read more...