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FedEx Profits Up 3.7%, Earnings Forecast Misses Mark
FedEx Corp. reported that profits rose 11% year-over-year on higher revenue due to a rate hike last autumn, but lower operating income companywide due to higher fuel costs, one fewer operating day at FedEx Express and FedEx Ground, and higher costs to expand the Ground network.
By Transport Topics -
Wed, 22 Mar 2017 17:30:00 GMT

Container Shipping Lines Ordered to Testify in US Sector Probe
The U.S. Justice Department has ordered top executives from several container shipping lines to testify in an antitrust investigation over practices by an industry that is the backbone of world trade, the companies said on March 22.   
By Jonathan Saul and Keith Wallis - Reuters
Wed, 22 Mar 2017 17:20:00 GMT

Daimler Trucks North America Promotes Nielsen to CEO
Daimler Trucks North America has promoted Roger Nielsen to president and CEO, the company announced.
By Transport Topics -
Wed, 22 Mar 2017 16:50:00 GMT

Heavier Trucks Worry Some Idaho Residents
Latah County, Idaho, residents who showed up to a public hearing March 21 held by the Idaho Transportation Department were largely opposed to a proposal that would allow trucks up to 129,000 pounds on U.S. Highway 95 and sections of state Highways 3 and 8 in the county.
By Garrett Cabeza - Moscow-Pullman Daily News (Moscow, Idaho)
Wed, 22 Mar 2017 15:00:00 GMT

Sales of Previously Owned Homes Fell 3.7% in February
Sales of previously owned U.S. homes declined in February after rising a month earlier to the highest level in a decade, according to figures released March 22 by the National Association of Realtors in Washington.
By Patricia Laya - Bloomberg News
Wed, 22 Mar 2017 14:00:00 GMT

LTLs Offer Storage to Speed Up E-Commerce Deliveries
Less-than-truckload companies hoping to capitalize on e-commerce are offering shippers short-term storage in terminals and shifting more business from Class 8 trucks to Class 5 and Class 6 straight trucks, according to industry executives.
By Ari Ashe - Staff Reporter
Tue, 21 Mar 2017 18:20:00 GMT

Truck Tonnages Drops in February
The February truck tonnage index fell 2.8% on a year-over-year basis, but American Trucking Associations chief economist said freight activity was still strong and fell short because of the record-setting February 2016  comparison.
By Transport Topics -
Tue, 21 Mar 2017 16:30:00 GMT

New U.S. Xpress CEO Cites Tech as Critical to Survival in Next Decade
The trucking industry is rapidly changing with new technology offering an opportunity to improve bottom-line results, changes that new U.S. Xpress Enterprises CEO Eric Fuller told Transport Topics will make or break companies over the next decade or so.
By Ari Ashe - Staff Reporter
Tue, 21 Mar 2017 16:25:00 GMT

Roadrunner Merges Refrigerated Fleets in Bid to Reverse Financial Woes
Roadrunner Transportation Systems has combined two refrigerated fleets into one temperature-controlled division, hoping to reverse the financial woes that have plagued the carrier in recent months.
By Transport Topics -
Tue, 21 Mar 2017 16:00:00 GMT

Push by Drivers to Unionize at XPO Spreads to New Jersey
The efforts of XPO Logistics less-than-truckload drivers to organize into unions have spread to Trenton, New Jersey, with 33 employees filing a petition with the National Labor Relations Board.
By Transport Topics -
Tue, 21 Mar 2017 15:30:00 GMT

Old Dominion, Saia Report Increased Shipments for Start of Year
Two publicly traded less-than-truckload carriers reported higher year-over-year results for the first two months of 2017 in terms of shipments and revenue.
By Transport Topics -
Tue, 21 Mar 2017 15:00:00 GMT