Consumer comfort rose to an almost 10-year high in the final week of February on increased optimism about the U.S. economy and more favorable views about personal finances and the buying climate, the weekly Bloomberg Consumer Comfort Index showed March 2.
March 2, 2017Letters to the EditorBusinessSafetyGovernmentTechnologyLogistics
Letters: Entry-Level Driver Training; Accident Reporting
This week's letters present thoughts on the entry-level driver-training proposal and on sharing accident data.
February 27, 2017BusinessLogistics
CSX Shakeup: CEO to Retire, 1,000 Managers to Be Laid Off
CSX Corp. CEO Michael Ward and President Clarence Gooden will retire May 31, and the company will lay off 1,000 managers by the end of March as it decides whether to hire former Canadian Pacific Railway CEO E. Hunter Harrison to take the reins at the Class I railroad.
February 27, 2017GovernmentBusinessTechnologySafetyFuelLogisticsAutonomous
ATA Voices Support for New NACV Show
American Trucking Associations will be a supporter of the new North American Commercial Vehicle Show that debuts in Atlanta on Sept. 25-29.
February 27, 2017BusinessLogistics
XPO Posts First Full-Year Profit Since Jacobs Took Helm in 2011
XPO Logistics posted its first full-year profit with Bradley Jacobs at the helm of the organization and also was profitable in the final quarter owing to strength in the less-than- truckload division.
February 27, 2017BusinessLogistics
Fleets Add Record Number of Trailers in 2016, While Truck Registrations Fall, IHS Says
While 2016 was a trying year for truck makers, U.S. fleets invested heavily in trailers and put more of them into business than ever before, according to a report on vehicle registrations from IHS Automotive.
February 27, 2017BusinessSafetyGovernmentLogistics
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, 2017BusinessLogistics
Dry Van Demand Sends Trailer Orders Surging
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, 2017BusinessLogistics
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, 2017BusinessLogistics
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, 2017