Shipper groups last week urged the Surface Transportation Board to create new rules that could foster lower rail prices through competitive switching or rate caps, now that carriers have become profitable enough to absorb a slight revenue decline.
July 27, 2015Business, Government, Safety
Rail Shippers Seek New Rules to Promote Rate Competition
Business
Higher Rates Help Knight, Covenant Improve Profits
Two of the nation’s largest truckload fleets raised second-quarter earnings with help from rate increases.
July 22, 2015Business
SoCal Ports See Cargo Slowdown; Shift Away From West Coast Reported
Recent ocean freight reports from around the country suggest that more cargo is being steered away from Southern California, the nation’s largest port complex, to alternative ports, mostly on the East Coast.
July 21, 2015Business
Dicom Transportation Acquires Extra Express
Dicom Transportation Group, which offers North American freight services, announced the acquisition of Extra Express to add final-mile delivery and distribution offerings in the western United States.
July 21, 2015Business
BNSF Logistics Buys Transportation Technology Services
BNSF Logistics, which is owned by BNSF Railway, announced the acquisition of Transportation Technology Services to expand the buyer’s capability to manage oversize rail cargoes such as wind energy equipment.
July 20, 2015Business, Safety
ATA: Turnover Drop ‘Significant’
Truck driver turnover rates fell to a four-year low in the first quarter among larger fleets and declined 12 percentage points at larger and smaller fleets alike, American Trucking Associations reported last week.
July 20, 2015Business, Fuel, Government, Logistics
Marten Transport, CSX Profits Rise 5%; Lower Fuel Prices Aid Both in 2nd Qtr.
Marten Transport Ltd. and CSX Corp. last week kicked off the reporting season for second-quarter earnings with each posting 5% growth in profits.
July 20, 2015Government, Business, Safety
FedEx Ground Workers Win in Kansas, Are Deemed Employees by Appeals Court
A federal appeals court has ruled that about 500 FedEx Ground workers in Kansas were employees in the latest of a series of recent rulings on worker status.
July 20, 2015Business
Volvo's Net Income Doubles in Second Quarter
Volvo Group doubled net income for the second quarter to 5.19 billion Swedish krona ($597 million), led by stronger profits and rising sales in its truck business.
July 17, 2015Business
Higher Rates Trigger 11% Profit Jump at J.B. Hunt
J.B. Hunt Transport Services Inc. announced second-quarter net income rose 11% to $103.4 million, or 88 cents per share, spurred by rate increases.
July 17, 2015