Transport Topics
- OPEC Cuts Output to Lowest Since 1991 as Virus Slams Oil Demand
- Safety Groups, Teamsters Petition FMCSA to Reconsider HOS Final Rule
- FedEx Posts Loss in Q4, Shows Improvement From Year Ago
- ASCE Report: COVID-19 Compounds Infrastructure Woes
- House Clears Extension of Small Business Loan Program to August
- Louisiana Passes Legislation Aimed at Significant Tort Reform
- Tesla Beats Delivery Expectations, Sending Shares Surging
- House Infrastructure Bill Will Never Become Law, Rep. Sam Graves Says
- FAA Concludes Three Days of Test Flights of Boeing’s 737 Max
- US Unemployment Falls to 11.1%; Trucking Adds 8,000 Jobs
- House OKs $1.5 Trillion Infrastructure Plan That Impacts HOS, Insurance
- Is Density Related to COVID-19 Infection Rates? These Experts Say No
- Cargo Theft Likely to Increase Over July Fourth Holiday, Report Says
- Daimler CEO Warns of ‘Drastic’ Pay Cuts, Deeper Restructuring
- Manufacturing Bounces Back in June on Reopenings
- CARB Releases Proposal to Cut Future NOx, Particulate Matter Emissions
- House Climate Change Plan Tackles Heavy-Duty Equipment at Ports
- Commodity Freighters Are Shrugging Off COVID-19 — For Now
- CBO Trims GDP Forecast for 2020, Lifts 2021 Projection
Hub Group Posts Record Revenue, Higher Profits in 4Q, Full Year
Hub Group reported record revenue and higher profits in the fourth quarter and full year in 2017 as the nation’s largest intermodal marketing company continues to grow its logistics and trucking operations.
Port of Baltimore Sets Record in 2017 With 10.7 Million Tons of Cargo
The port of Baltimore set new cargo records in 2017, handling 10.7 million tons of general cargo and the most containers and autos in its history, officials said.
YRC Worldwide Loses $7.5 Million in 4Q 2017
Less-than-truckload carrier YRC Worldwide reported Feb. 1 a fourth-quarter net loss of $7.5 million, the same loss amount reported in the fourth quarter a year ago. Analysts surveyed by Bloomberg News had expected earnings per share of 10 cents. Operating income in 2017’s fourth quarter was $11.3 million compared with $14.9 million a year ago. Revenues in this year’s quarter were $1.2 billion, up from $1.1 billion.
Ex-President of Pilot Flying J Won’t Testify or Summon Witnesses in Ongoing Fraud Trial
As federal prosecutors wrapped up their case against him Jan. 31, former Pilot Flying J President Mark Hazelwood opted not to testify or present witnesses on his own behalf.
Consumer Sentiment Tops Estimates on Jobs, Income Outlook
U.S. consumer sentiment exceeded analyst estimates in January as the outlook for jobs and household income improved, University of Michigan survey data showed Feb. 2.
