26 Apr Kansas City Southern Adds Rail Service Between Port of New Orleans, Dallas Kansas City Southern will relaunch weekly rail service next month between the Port of New Orleans and metro Dallas, a move that will add more options to customers in the United States and Mexico. Read more...
26 Apr UPS Delivers 1Q Net Income of $1.34 Billion, Up 15% Year-to-Year UPS Inc. reported double-digit gains in the first quarter as a result of the strength of its global business as well as economic conditions. Read more...
26 Apr Truck Driver Shortage Spurs Rising Prices, Delayed Deliveries If you see prices creeping higher for everything from cereal to socks in the next few months, you can probably blame this stark reality: There aren’t enough truck drivers delivering the goods to stores. Read more...
26 Apr Old Dominion Freight Line Posts Record First-Quarter Revenue of $925 Million Old Dominion Freight Line Inc. reported total revenue for the first quarter increased by more than 22% to $925 million, the first time quarterly revenue exceeded $900 million in the company’s history. In 2017, first-quarter revenue was $754 million. Old Dominion said this is the fourth consecutive quarter of double-digit revenue growth. Read more...
26 Apr Editorial: The Ceiling on a Hot Freight Market As the U.S. economy and truck tonnage continue to power forward, trucking companies are enjoying the benefits of a hot freight market where their services are in high demand. At the same time, tight hauling capacity is making it tougher for shippers to find the trucks needed to transport their goods. Read more...
26 Apr Ford Retreats From American Car Business to Focus on Trucks, Commercial Vehicles Ford Motor Co. is cleaving an additional $11.5 billion from spending plans and dropping several sedans, including the Fusion and Taurus, from its lineup to more quickly reach an elusive profit target. Read more...
26 Apr Schneider Posts Record 1Q Profits, Raises Forecast for Year Schneider National posted record earnings and double-digit gains in revenue in the first quarter of 2018 and raised its profit forecast for the year. Read more...
26 Apr FMCSA Announces Delay of Rule Involving Driver Medical Cards A new federal rule due for implementation in June that would eliminate the need for truck drivers to carry their medical cards has been delayed for three years due to a hack of the registry of certified medical examiners in December. Read more...
26 Apr House Includes Trucking Meal, Rest Break Provision in FAA Bill A proposal aimed at ensuring nationwide uniformity for meal-and-rest-break rules for truckers was attached to an aviation reauthorization measure the U.S. House of Representatives took up on April 26. Read more...
26 Apr Tesla Autopilot Chief Jim Keller Latest Executive to Leave Company Tesla Inc.’s Autopilot chief, Jim Keller, has left the company, the latest in a rash of executive departures at the electric-car maker led by CEO Elon Musk. Read more...