31 Jan Caterpillar’s 2020 Outlook Adds More Gloom to Markets Caterpillar Inc., a worldwide barometer for manufacturing, is warning of more pain to come for the global economy in 2020. Read more...
31 Jan Odyssey Logistics & Technology Acquires RPM Consolidated Services Odyssey Logistics & Technology Corp. acquired full-service logistics and warehousing provider RPM Consolidated Services Inc., the Danbury, Conn.-based company announced Jan. 30. Read more...
31 Jan Trump Signs Executive Order to Combat Human Trafficking President Donald Trump has signed an executive order that is meant to help fight human trafficking and sexual exploitation, which is one of the trucking industry’s biggest initiatives. Read more...
31 Jan Legislation Proposes Naming USDOT’s Headquarters After William T. Coleman Jr. Legislation introduced in the U.S. Senate proposes naming the U.S. Department of Transportation’s headquarters after William T. Coleman Jr., secretary of transportation during the Ford administration. Read more...
31 Jan USA Truck Reports Q4 Loss, Cuts Nondriver Staff by 8% Van Buren, Ark.-based truckload carrier USA Truck says in the fourth quarter it reduced its nondriver staff by 8% as the company reported a quarterly loss of $4.8 million or 56 cents per share, compared with net income of $5.3 million or 64 cents per share for the same period last year. Read more...
31 Jan Volvo Reports Higher Q4 Income, Flat Revenue Volvo Group reported flat revenue and stronger net income in the fourth quarter compared with a year earlier as deliveries of construction equipment and buses grew and truck deliveries declined. Read more...
31 Jan Talbert Offers Modular Trailer Design Heavy-haul trailer maker Talbert Manufacturing introduced its 65SA modular trailer that incorporates multiple axle configurations, based on customer requirements, for optimum versatility and regulatory compliance. Read more...
31 Jan US Lifts Sanctions on Unit of China COSCO Shipping Corp. The U.S. lifted sanctions against a unit of China’s biggest shipping company that was accused of hauling Iranian crude in violation of American restrictions. Read more...
31 Jan Commodity Shipping Costs Fall 99.95% After Coronavirus Slams Market The coronavirus crisis in China has hammered many markets this month: none may have felt a bigger impact than freight, reflecting consequences for raw materials, including iron ore, that are carried by sea. Read more...
31 Jan Amazon Offers New Jobs to Employees in Pinnacle's 1,600-Person Layoff An aviation and trucking company that operates out of BWI Thurgood Marshall Airport will lay off more than 1,600 people this spring, and Amazon has offered all hourly employees jobs at the same location. Read more...