TFI International reported record results for its second quarter ending June 30, the company said in a July 25 press release.
Category: News
Senate Committee to Review PTC Implementation Status July 31
The Senate Commerce Committee on July 31 will hear from freight rail industry stakeholders about the status of automatic braking technology.
Amazon’s Spending on One-Day Delivery Dents Profit, Trims Forecast
Amazon.com’s results were marred by a surge in costs tied to its one-day delivery push, worrying investors who had grown accustomed to almost two straight years of fattening profits.
Growth Slows to 2.1%, Beating Estimates
U.S. economic growth slowed in the second quarter by less than forecast as consumer spending topped estimates, though weaker business investment and exports underscored the risks spurring the Federal Reserve toward an interest-rate cut next week.
China Allows Some Tariff-Free US Cotton, Pork Purchases
The Chinese government has approved several domestic companies to buy U.S. cotton, corn, sorghum and pork without being subject to hefty retaliatory tariffs, according to people familiar with the situation.
Aluminum Giant’s CEO Sees Trade War’s Lasting Impact on Use
The trade war between the U.S. and China that’s clouded the global growth outlook will have a lasting negative effect on aluminum demand, Norsk Hydro ASA CEO Hilde Merete Aasheim said.
Best Uses Electric Class 8 to Deliver Container, a First for Port of Newark
Best Transportation announced it used a Class 8 battery-electric vehicle to deliver a container from Port Newark to a Costco wholesale location within New Jersey without incident, calling it a first at the port and part of the carrier’s ongoing evaluation of electric trucks.
China Rejects FedEx’s Defense for Rerouted Huawei Packages
China rebuffed FedEx Corp.’s claims that it mistakenly rerouted some Huawei Technologies Co. packages to the U.S. and warned that authorities found other violations by the American delivery firm, raising concern the company could face repercussions from Beijing.
U.S. infrastructure construction costs pose threat to economy
It seems like infrastructure in the U.S. is plagued by the same sort of cost disease that afflicts the country’s education and health care.
Dear Congress: Repeal FET, coalition letter pleads
The Modernize the Truck Fleet (MTF) coalition, joined by the road builders, trucking, logistics and manufacturing industries, have sent a letter to congressional leaders urging repeal of the outdated federal excise tax (FET) levied on the sale o