27 Apr Whiteline Express Raises Driver Pay Whiteline Express launched a pay increase for its new and existing regional drivers, offering them as much as 50 cents per mile. The company doesn’t require a hazmat endorsement, hauls no-touch light freight and allows riders to bring their pets. Read more...
27 Apr Project44, KeepTruckin Partner on Data Visibility Trucking technology provider KeepTruckin and digital transportation and logistics network operator project44 announced a partnership to increase and improve the visibility of electronic logging device and GPS-based data and provide it to their clients. Read more...
27 Apr US Growth Cools to 2.3% While Compensation Costs Accelerate U.S. economic growth cooled last quarter as consumers pulled back after outsize spending in the prior period, though solid business investment cushioned some of the weakness and employee-compensation costs accelerated amid a tight job market. Read more...
27 Apr Private-Sector Wages Lodge Biggest Gain Since 2008 U.S. employment costs increased more than forecast in the first quarter as worker pay and benefits accelerated, according to Labor Department data released April 27. Read more...
27 Apr Canada’s Rail Crunch Adds to Soaring Cost of Lumber Just when it seemed lumber prices couldn’t surge any higher, problems for Canada’s railways mean the rally could continue. Read more...
27 Apr Cruz Deregulation Plan in NAFTA Would Circumvent Democrats With negotiations to modernize NAFTA coming to a head, Texas Republican Ted Cruz and some of his conservative Senate allies have been pushing the Trump administration to use the trade pact as a way of getting around Democratic objections to the GOP’s broader deregulation agenda. Read more...
27 Apr Billions From Gas Tax and Vehicle Fees Will Go to Transit Projects, California Officials Announce California state officials announced April 26 that $2.4 billion from increases in the gas tax and vehicle fees will be spent on dozens of transit projects, including work to prepare Southern California for the 2028 Summer Olympics. Read more...
27 Apr Transportation Stocks Struggle Despite a Broader Market Rally Industrial stocks were poised for a rally April 27 after solid earnings reports from UPS Inc. and Raytheon Co., and a reversal of the defense and aerospace selloff that puzzled investors earlier this week. But transports are having none of that. Read more...
27 Apr Saia Posts Robust Profit, Revenue in 1Q Saia Inc. reported April 27 first-quarter net income of $21.1 million, or 80 cents per share, an increase of 85% from the $11.4 million in net income and 44 cents per share reported in the first quarter of 2017. Read more...
27 Apr Consumer Sentiment Exceeds Forecast on View of Finances U.S. consumer sentiment exceeded estimates in April on Americans’ increasingly favorable views of their finances, University of Michigan survey data showed April 27. Read more...