16 Apr J.B. Hunt Reports Strong First-Quarter Revenue J.B. Hunt Transport Services reported first-quarter 2018 net earnings of $118.1 million, or $1.07 a share, up from $102.7 million, or 92 cents a share, in the first quarter of 2017. The Bloomberg analyst consensus forecast the carrier would report net income of $120.6 million, or $1.09 a share. Read more...
16 Apr Mike Ducker to Step Down as FedEx Freight CEO on Aug. 15 Mike Ducker will retire Aug. 15 as president and CEO of FedEx Freight after leading the group for four years, FedEx Corp. announced April 16. His successor will be named later. Read more...
16 Apr Optimism Among Builders Slides for Fourth Consecutive Month NEW YORK — Homebuilder confidence slid for the fourth consecutive month with steadily rising mortgage rates and sky-high home prices putting ownership out of reach for more Americans. Read more...
16 Apr Trump Push for Quick NAFTA Deal Slowed by Division on Top Issues President Donald Trump’s push for a quick resolution to NAFTA talks is being stymied by persistent differences among the United States, Canada and Mexico over a handful of the make-or-break issues. Read more...
16 Apr Capitol Agenda for the Week of April 16: Road to NTDC The journey to crown this year’s top truck driver is officially underway. Elite truckers passionate about safety are focusing their talents at their state truck driving championships for a chance to qualify for the National Truck Driving Championships. Read more...
16 Apr Panel Issues Interim Report to Accelerate Recommendations for Truck Size, Weight Limits A specially appointed committee of academic and policy experts has issued an interim report on its plans to plug data and research gaps that have for several years delayed federal policy recommendations for changes to truck size and weight limits. Read more...
16 Apr Panel Issues Interim Report to Speed Recommendations for Truck Size, Weight Limits A specially appointed committee of academic and policy experts has issued an interim report on its plans to plug data and research gaps that have for several years delayed federal policy recommendations for changes to truck size and weight limits. Read more...
16 Apr US Retail Sales Rebound in Sign Consumer Weakness Fading U.S. retail sales rose by more than expected in March in the first gain in four months, suggesting consumer demand regained steam on the back of tax cuts and refunds. Read more...
16 Apr MoDOT Grapples With Issues Related to Vehicle Automation As the auto market becomes more saturated with electric vehicles and vehicles with automation capabilities, the Missouri Department of Transportation is grappling with the changes these types of vehicles present. Read more...
16 Apr VW Truck Division Signals Possible Takeover of Navistar Volkswagen AG’s heavy-vehicle division is open to a takeover of U.S. affiliate Navistar International Corp. as the German company seeks scale to compete with global leaders Daimler AG and Volvo AB. Read more...