26 Apr Union Pacific Records Solid 1Q Results Union Pacific Railroad reported first-quarter net income of $1.3 billion, or $1.68 per share, compared with $1.1 billion, or $1.16, in the first quarter of 2017. Read more...
26 Apr Universal Logistics Buoyed by Record Revenue, Strong Profits Universal Logistics Holdings reported first-quarter net income of $10.4 million, or 37 cents per share, a rise of 147% from $4.3 million reported for the first quarter a year ago. Read more...
26 Apr Minnesota Freight Railroad Files Lawsuit Over Light-Rail Project Planners of the Southwest light-rail project in Minnesota are facing another legal challenge, this time from a freight rail company that is slated to share a portion of the nearly 15-mile route between Minneapolis and Eden Prairie. Read more...
26 Apr LG Acquires ZKW in Its Largest Takeover; Focus Shifts to Lighting Self-Driving Cars South Korean electronics group LG aims to become the world leader in lighting self-driving cars, by taking over Austrian car lights specialist ZKW for an estimated $1.3 billion, LG announced April 26. Read more...
26 Apr DTNA Announces Senior Leadership Changes Daimler Trucks North America announced three high-level appointments in its manufacturing and remanufacturing operations. Read more...
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...