06 Feb GM 4Q Earnings Easily Beat Analysts’ Estimates General Motors Co. reported fourth-quarter earnings that blew away estimates and reiterated the upbeat profit forecast for 2019 it gave last month. The shares rose in U.S. early trading. Read more...
06 Feb With ELD Rollout in Rearview Mirror, Focus Turns to Fleet Management The telematics-for-trucking market experienced a dramatic explosion in growth over the past three years, driven primarily by the federally mandated rollout of electronic logging devices across most of the longhaul trucking sector. Now that the industry has made that transition to electronic logs, the telematics market is bound to undergo a shakeout because there are more ELD suppliers than the industry needs. Read more...
06 Feb More Private Parking Spaces on the Way as Natso, FHWA Count Spots Some of the nation’s largest travel-stop companies are adding parking spaces and expanding operations in 2019, as national demand for truck parking continues to rise. Read more...
05 Feb Trump Calls Infrastructure Investment ‘A Necessity’ President Donald Trump called investment in infrastructure “a necessity,” but a detailed articulation of a vision for rebuilding the country’s crumbling roads and bridges was absent from a much-anticipated State of the Union address that focused primarily on security concerns and immigration policy. Read more...
05 Feb UPS Freight President Rich McArdle Optimistic Infrastructure Bill Will Advance WASHINGTON — President Donald Trump and the current divided Congress create an opportunity for advancing a long-term infrastructure policy measure in the near future, UPS Freight President Rich McArdle said at a U.S. Chamber of Commerce event Feb. 5. Read more...
05 Feb FMCSA Grants One HOS Exemption, Receives Request for Another The Federal Motor Carrier Safety Administration has granted reprieve from hours-of-service rules to one group and received an exemption request from the rules from another. Read more...
05 Feb Opinion: Automating Purchase, Payment Functions Can Benefit Fleets Historically, the procure-to-pay process, which integrates the purchasing department with the accounts payable department, was not one where fleet managers focused their attention. Yet, when it comes to purchasing both direct and indirect products and services, fleet managers can benefit from P2P solutions, which can connect the dots between each player in the business-to-business transaction. Read more...
05 Feb Patriot Transportation Reports Fiscal 1Q Results Patriot Transportation Holding, the Jacksonville, Fla.-based parent of Florida Rock & Tank Lines, reported higher profits and revenue in the first fiscal quarter of 2019. Read more...
05 Feb N.Y. Mayor Says Amazon Will Prevail as City Needs Tech New York Mayor Bill de Blasio said he thinks Amazon.com will prevail in building its huge new campus in the city — despite an opponent being recommended to serve on a board with veto power over the transaction. Read more...
05 Feb USA Truck Reports Improved Financial Results in 4Q USA Truck’s financial results for the fourth quarter of 2018 show progress in boosting the profitability of its trucking business while efforts continue to do the same for the company’s freight brokerage business unit. Read more...