Entries for April 2018

TFI International Sees Earnings Increase, Revenue Stay Flat in 1Q

Canadian transportation conglomerate TFI International reported a sharp increase in profits on revenue that was essentially flat in the first quarter of 2018.

Knight-Swift Reports ‘Progress’ With Merger, Sees Challenges in Getting Enough Drivers

The holding company for Knight Transportation and Swift Transportation reported results for the first quarter of 2018 that reflect “progress” in achieving cost savings for the combined enterprise but also difficulty in finding enough drivers to meet increasing demand for service.

Landstar System Posts Record First Quarter

Landstar System reported its best first quarter with revenue jumping 34.2% to $1.05 billion and profits reaching a record $57.5 million, or $1.37 a share, as demand for freight hauling continued to strain truck capacity in the market.

Forward Air First-Quarter Results Better Than Expected

Forward Air Corp. reported better-than-expected results in the first quarter as strong demand and tight truckload capacity boosted expedited less-than-truckload shipping and intermodal services.

Echo Global Logistics Reports Revenue Surge in 1Q

Echo Global Logistics reported record revenue in the first quarter of 2018 and posted a profit, compared with a loss a year ago, as tight capacity drove more business to third-party transportation service providers.

Stord Receives $2.4 Million in Venture Capital Funding

Stord, a company launched two years ago by teenage entrepreneurs Sean Henry and Jacob Boudreau, has received $2.4 million in venture capital funding from a group of investors led by Chattanooga, Tenn.-based Dynamo.

Trump’s Gamble for Quick Trade Deal With China May Be Long Shot

President Donald Trump is dispatching two of his top economic deputies to China in hopes of a quick deal on trade. They may find the reality on the ground more daunting.

Will Wabtec Acquire GE Transportation?

Road to Zero Group Announces Three More Safety Grant Winners

The Road to Zero Coalition announced three more recipients of the Safe System Innovation Grants on April 23.

Senate Commerce Committee Approves Transportation Nominees Amid GOP Effort to Expedite Confirmation Process

The Senate Commerce Committee on April 25 easily approved two nominees to the Surface Transportation Board, yet it is unclear when a vote on their confirmations will be scheduled on the floor of the chamber. That uncertainty is also true for other transportation nominees awaiting consideration in the chamber.