U.S. net trailer orders in January shot up 92% year-over-year to almost 33,000 as dry van demand surged ahead, much as it has since November, ACT Research Co. said.
February 23, 2017Business, Safety, Government, Logistics
Maverick’s Vaughn Named Transport Topics’ First Recruiter of the Year
NASHVILLE — Brad Vaughn, vice president of recruiting for Maverick Transportation of North Little Rock, Arkansas, was named the winner of Transport Topics’ first Recruiter of the Year award as the Recruitment and Retention Conference concluded here on Feb. 24.
February 24, 2017Business, Logistics
Dry Van Demand Sends Trailer Orders Surging
Business, Logistics
XPO Logistics Notches First Full-Year Profit Since 2011
XPO Logistics posted its first full-year profit of the Brad Jacobs era, with net income of $63.1 million, or 53 cents a share, compared with a $245.9 million loss in 2015, or $2.65, the company said Feb. 21.
February 22, 2017Business, Logistics
Expeditors' Volumes Rise as Rates Hinder Profits
Fourth-quarter business boomed, but profits dipped at freight forwarder Expeditors International as roller-coaster pricing made management difficult, the Seattle-based firm said in its Feb. 21 earnings statement.
February 21, 2017Business, Logistics
CEO of CSX to Retire as Hunter Harrison Negotiations Continue
The shakeup at CSX Corp. took another twist Feb. 21 when current CEO Michael Ward and President Clarence Gooden announced they're leaving the railroad at the end of May, another wrinkle that could affect the push from private investor Paul Hilal to install former Canadian Pacific CEO Hunter Harrison as CSX’s top executive. The company also announced 1,000 layoffs.
February 21, 2017Perspective, Business, Government, Safety, Logistics
Opinion: Does the $75,000 Broker Bond Make Sense?
Brokers, freight forwarders and nonvessel operating common carriers, or NVOCC, are required by federal law to carry a surety bond in the event they fail to pay the carrier that performs the move on the shipments they broker. On Dec. 1, 2013, the $75,000 broker bond went into effect — up from the previous bond requirement of $10,000.
February 20, 2017Editorial, Business, Safety, Technology, Government, Logistics
Editorial: Young Minds, New Roads
Coming soon to a theater near you: How to build roads and bridges. The American Society of Civil Engineers last week screened a documentary titled, “Dream Big: Engineering Our World,” which spotlights efforts to encourage young people to pursue careers in engineering. Included in that mix are bridge and road design, fields that — if recent data are any indication — will require expertise for years to come.
February 20, 2017Business, Government, Safety, Logistics, Fuel
XPO’s Jacobs Sees E-Commerce as Key to Robust Growth in 2017
KEY BISCAYNE, Fla. — XPO Logistics Inc. CEO Brad Jacobs won’t rest on turning a profit with a company that lost money as recently as 2015, telling Transport Topics that he’ll “double down” on growing on the e-commerce wave through contract logistics, less-than-truckload and last-mile delivery services.
February 20, 2017Business, Logistics
CSX Seen Restarting CEO Talks After Activist Softens His Demands
CSX Corp. is expected to restart talks to install Hunter Harrison as CEO after an activist investor allied with the railroad turnaround veteran softened his demand for board representation, a Citigroup Inc. analyst said.
February 17, 2017Business, Logistics
TFI International Profits Increase in Fourth Quarter
TFI International Inc., formerly known as TransForce, reported net income rose 3.9% in the fourth quarter of 2016, although the gains were slightly lower than the consensus forecast from industry analysts.
February 17, 2017