As the U.S. economy and truck tonnage continue to power forward, trucking companies are enjoying the benefits of a hot freight market where their services are in high demand. At the same time, tight hauling capacity is making it tougher for shippers to…
Author: Transport Topics
Norfolk Southern Posts 27% Rise in Income for First Quarter
Railroad Norfolk Southern Corp. reported first-quarter net income of $552 million, up 27% from $433 million in the first quarter a year ago.
XPO Logistics Appoints Troy Cooper, Kenneth Wagers to Executive Posts
XPO Logistics promoted Troy Cooper to the newly created position of president from COO, and appointed Kenneth Wagers COO with responsibility for operations in 32 countries.
Paccar Sets Record for Quarterly Revenue; Net Income Surges 65%
Paccar Inc. notched record quarterly revenue and soaring net income in the first quarter, benefiting from a truck market that continues to climb.
Diesel Climbs 2.9¢ to $3.133 in Fifth Straight Increase
The U.S. average retail price of diesel fuel rose 2.9 cents to $3.133 a gallon as the benchmark West Texas Intermediate crude oil price closed at $68.93 a barrel April 23, a jump of $5.92.
TravelCenters Receives $10.7 Million From Comdata in Lawsuit
TravelCenters of America reported that Delaware’s Chancery Court awarded attorney’s fees and costs that the company incurred in its litigation with Comdata Inc., the Brentwood, Tenn.-based payments firm and division of Fleetcor. TravelCenters reported that Comdata on April 13 reimbursed about $10.7 million in costs and interest.
Change-of-Address Scam Moved UPS Corporate Headquarters to Tiny Chicago Apartment, Feds Say
The timeworn apartment building in Chicago’s Rogers Park neighborhood hardly looks like the corporate headquarters of one of the world’s largest shipping companies. But for a few recent months, that’s essentially what it became — at least as far as the U.S. Postal Service was concerned.
Stemco Offers Automatic TrailerTail
Stemco Products Inc. announced its TrailerTail Automatic fuel-saving system, the newest version of its signature TrailerTail products. It deploys automatically when the trailer reaches 35 mph.
Hino to Launch Class 8 Series in Canada in 2019
Hino Motors Canada announced it will assemble the new Class 8 Hino XL Series in Woodstock, Ontario, beginning in early 2019.
Crossword Puzzle Solution April 23, 2018
Here’s the solution to the crossword puzzle found in the April 23, 2018 print edition.