The U.S. Postal Service reported another quarterly loss May 11 after an unrelenting drop in mail volume and costs of its health care and pension obligations outweighed strong gains in package deliveries.
May 11, 2018Search
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PortMiami on Track for Trade Record in 2018
After disappointing years from 2006 to 2014, things are looking up at PortMiami. In March, the port handled 97,577 TEUs of cargo — the second-highest monthly total in the port’s history — and, so far, cargo traffic is up 5.8% over the same period in fiscal 2017.
May 11, 2018Teamsters Leaders Facing Probe for Accepting Gifts
An independent investigator has notched up his probe into whether top Teamsters leaders accepted undisclosed gifts from a business that brokered health benefits for the union.
May 10, 2018Radiant Logistics Profits Slump as Transportation Costs Rise
Radiant Logistics, a provider of domestic and international freight forwarding, truck and rail brokerage, warehousing and order fulfillment services, reported lower profits in the fiscal third quarter despite a buoyant freight market that pushed up gross revenues 12.2% in the three months ended March 31.
May 10, 2018Trump Infrastructure Plan Ailing, but Not Dead, in Senate
A water resources bill under consideration in the Senate appears to reject the White House’s $1.5 trillion infrastructure plan, but top Republicans say parts of the Trump proposal eventually may make it into the legislation later this month.
May 9, 2018Capitol Agenda for the Week of May 7: Little Bills
The art of the deal under the Trump administration is taking us from the promise of having a huge infrastructure package to asking us to settle for smaller, tinier measures. Essentially, you get what you can.
May 9, 2018FedEx to Shift $6 Billion in Pension Obligations to MetLife
FedEx Corp. is transferring $6 billion in U.S. pension obligations to MetLife Inc. to reduce administrative costs.
May 9, 2018Covenant Transport Pays $2,000 Bonuses to 44 Teams
Covenant Transport handed out $88,000 in its new team bonus program last month to 44 teams that eclipsed the 60,000 miles together to earn the company’s new $2,000-per-team bonus.
May 9, 2018Fifty-Mile Drone Flights Beckon as Industry Pushes FAA on Rules
Retailers, railroads and electricity companies are pressing for U.S. government approval to fly drones longer distances. Regulators, geared to an aviation industry that can take five years to get a new jetliner in the air, are struggling to adjust to the breakneck pace.
May 8, 2018PepsiCo to Add Stemco’s Fuel-Efficiency Devices
Stemco Products Inc. announced that PepsiCo Inc. will update 1,600 of its trailers with the company’s TrailerTail and EcoSkirt products to support its corporate sustainability targets.
May 7, 2018