26 Aug Profit Margins Improve Year-Over-Year in Second Quarter, TIA Report Shows The Transportation Intermediaries Association has released a second-quarter report that shows improved profit margins year-over-year and a slight decline from the quarter. Read more...
26 Aug Trucks Continue to Haul Most Nafta Freight by Value, DOT Says Trucks remained the most heavily used mode for moving goods in June to and from the United States and its Nafta trade partners, Canada and Mexico, hauling 65.4% of freight, U.S. Department of Transportation said Aug. 25. Read more...
26 Aug US Proposes Mandatory Speed Limiter Devices The federal government is proposing that heavy-duty vehicles be equipped with devices that limit their speeds on U.S. roadways but said the limiters will not be required to be tamper-proof. Read more...
26 Aug Consumer Sentiment Eases in August to Four-Month Low Consumer confidence eased in August to a four-month low as Americans become less optimistic about their finances for the year ahead. Read more...
26 Aug Golden Gate Bridge Toll Collection to See Dramatic Change SAN FRANCISCO - A large gantry-type structure is in the offing at the Golden Gate Bridge as officials look to upgrade toll collection machinery. Read more...
26 Aug Revised Second-Quarter Figures Show 1.1% GDP Growth The U.S. economy grew less than previously reported last quarter on lower government outlays and a bigger depletion of inventories, capping a sluggish first-half performance propped up mainly by consumer spending. Read more...
25 Aug UPS Tripling Size of Louisville Hub, Adding 300 Jobs UPS Inc. began a project Aug. 25 to triple the size of a hub in Louisville, Kentucky, that also will add 300 jobs and increase the sorting capacity for packages. Read more...
25 Aug Daimler to Open Distribution Center in Indiana Daimler Trucks North America plans to open a parts distribution center in the Indianapolis area, a move that is expected to add 45 jobs in 2017. Read more...
25 Aug Atlas Air to Supply FedEx Express with Freighter Aircraft Atlas Air Worldwide Holdings Inc., a provider of outsourced aircraft and aviation operating services, has entered into a five-year agreement with FedEx Express to provide it with five 747-400 freighter aircraft for peak flying seasons beginning in 2017 and lasting through 2021. Read more...
25 Aug Asia's Biggest Container Shipper Posts Loss After China Merger China Cosco Holdings Co., Asia's largest container shipping company after a government-led merger last year, posted a loss in the first half as excess capacity dragged down cargo rates. Read more...