30 Oct C.H. Robinson Profit Takes Tumble in Q3 C.H. Robinson Worldwide on Oct. 30 reported profit and sales declines that were worse than expected due to excess shipping capacity and waning demand. Read more...
30 Oct Fed Cuts Rates by Quarter Point, Hints It May Be Done for Now Federal Reserve officials reduced interest rates by a quarter-percentage point for the third time this year and hinted they may be done loosening monetary policy, at least for one meeting. Read more...
30 Oct Forward Air Reports Profit Dip, Robust Revenue Forward Air Corp. reported strong third-quarter earnings, including skyrocketing revenue, when the Greeneville, Tenn., company announced financial results Oct. 24. Read more...
30 Oct Trump Still Plans on China Deal After Chile Cancels APEC Summit President Donald Trump still hopes to ink a trade accord with Xi Jinping next month, even after plans were thrown into question Oct. 30 when Chile canceled an upcoming summit where the two leaders planned to meet. Read more...
30 Oct Duluth Port Breaks Record for Wind Turbine Parts The sheer volume of wind turbine blades, towers and other parts moving through Duluth, Minn., in 2019 surpassed record tonnage totals this week by reaching 306,000 freight tons. Read more...
30 Oct Saia Reports 37th Consecutive Quarter of Growth Saia Inc. reported mixed third-quarter financial results Oct. 30, missing Wall Street’s expectations for earnings but surpassing analysts’ forecasts for revenue. Read more...
30 Oct Swift Logistics to Close Pennsylvania Warehouse Swift Logistics will close its warehouse in Springettsbury Township, Pa., on Dec. 31, and 56 employees will be laid off. Read more...
30 Oct USDA Final Interim Rule Affirms Interstate Transport of Hemp The U.S. Department of Agriculture on Oct. 30 announced its final interim rule supporting a 2018 hemp legalization law that will allow the interstate transportation of hemp without interference from the states. Read more...
30 Oct Truck-Lite’s Road Ready Adds Cargo Volume Meter ATLANTA — Truck-Lite Co. has added a volumetric cargo system to its Road Ready trailer telematics offerings, the company told reporters at the North American Commercial Vehicle Show on Oct. 29. Read more...
30 Oct Economy Grows at Modest 1.9% Rate in Third Quarter WASHINGTON — The U.S. economy slowed to a modest growth rate of 1.9% in the summer as consumer spending downshifted and businesses continued to trim their investments in response to trade war uncertainty and a weakening global economy. Read more...