17 Oct Marten Transport’s Net Income up 8.7% as Revenue Hits High Marten Transport saw record revenues lead to an 8.7% increase in net income, up to $16.6 million, from $15.3 million in the third quarter of 2018, according to an earnings report released Oct. 17. Read more...
17 Oct West Coast Ports Show Early Signs of Slowdown Due to Tariffs While the holiday shipping season is keeping import volume steady for some of the nation’s busiest ports, executives are raising concerns about the long-term effects an extended trade battle with China could have on exports, and business overall. Read more...
17 Oct Freightliner Catapults September Class 8 Sales to Record High U.S. Class 8 retail sales punched through to an all-time record high of nearly 29,000 in September, WardsAuto.com reported, but analysts cautioned against reading it as a turnaround. Read more...
17 Oct Mack Strike to Idle Production at Volvo’s Virginia Plant The ongoing Mack Trucks strike will temporarily idle the largest Volvo truck manufacturing facility in the world. Read more...
17 Oct CSX Sets Operating Ratio Record in Q3 Results CSX Corp. on Oct. 17 announced third-quarter profit of $856 million compared with $894 million in the same quarter of 2018, but beat Wall Street expectations and in the process set a record for operating ratio for a U.S. railroad. Read more...
17 Oct New Congressional Infrastructure Caucus Promotes Access, Resilience WASHINGTON — Congestion relief, climate resilience and transit accessibility are among the policies a small group of U.S. House lawmakers are promoting as Congress readies a comprehensive highway bill. Read more...
17 Oct Trucking Relies on Consumers, but Recession Fears Loom, Experts Say PALM BEACH, Fla. — A leading consultant and top executives at three fleets outlined the state of the trucking industry and overall economy to trailer dealers and suppliers during a meeting here, with discussion focused on changing conditions and persistent concerns about softening demand. Read more...
17 Oct Truckers Advised to Watch for Invasive Spotted Lanternfly Truckers doing business in counties under quarantine are playing an unwitting role in the spread of the spotted lanternfly. Read more...
17 Oct J.B. Hunt’s Net Income Rises but Misses Earnings Expectations J.B. Hunt Transport Services Inc. saw net income rise for the period ended Sept. 30, but the Lowell, Ark.-based carrier missed Wall Street earnings expectations. Read more...
17 Oct UK, EU Reach Tentative Brexit Deal BRUSSELS — Britain and the European Union finally reached a new tentative Brexit deal Oct. 17. British Prime Minister Boris Johnson now faces the Herculean task of selling the accord to his recalcitrant Parliament. Read more...