As shippers and brokers deal with a shortage of trucks to carry freight, small-business truckers are poised to make more than they have in years. It’s a big turnaround from recent years, when there wasn’t enough freight demand to fill up all the nation’s trucks and drivers struggled to get attractive rates.
Shippers may blame the electronic logging device mandate (ELD) for supply chain problems, but the ELD mandate has supply chain issues of its own. The biggest regulatory change for trucking in decades hit a few road bumps after its Dec. 18 rollout. Some of those bumps were expected, but the mandate has had unexpected consequences […]
The majority (56%) of airline chief financial officers and heads of cargo expect their profitability levels to improve further over the coming 12 months. An early January 2018 survey for the IATA Airline Business Confidence Index saw the passenger and cargo executives indicate an improvement in year-on-year profitability in the final quarter of 2017 compared […]
Canadian National Railway said net income increased by 156% to C$2.61 billion ($2.12 billion) in the fourth quarter from a year ago while earnings per share soared by 164% to C$3.48 ($2.82) on changes to the U.S. corporate tax rate that saw a deferred income tax recovery of C$1.76 billion, or C$2.35 per share.
The American Trucking Associations supports President Trump’s call for a sweeping plan to repair the country’s highways, bridges and other infrastructure. But, it disagrees with a document leaked earlier this week that is said to outline the administration’s plans to increase tolls to pay for much of the work.
Michigan Governor Rick Snyder (R) believes the transportation of people and goods both stand to gain “tremendous opportunities” as a variety of technologies – from electric powertrains to automated driving systems – “transform the world of mobility as we know it.”
Chinese e-commerce and technology company Alibaba Group Holding Ltd and U.S. grocer Kroger Co have had early discussions on working together, including a meeting in which U.S. executives traveled to China, a source familiar with the matter said.
Last March, Royal Dutch Shell said it was selling most of its stake in Canada’s oil sands, a vast project that has extracted millions of barrels of sticky, gooey hydrocarbons from the ground in a process that resembles mining more than drilling. The oil and gas giant announced that it was unloading its oil-sands assets, […]
A nationwide truck shortage is forcing thousands of shippers into a tough choice: postpone all but the most important deliveries, or pay dearly to jump to the front of the line. (This article requires a subscription to the Wall Street Journal. To subscribe, please click on the above link.)
White House spokeswoman Sarah Sanders said a stable U.S. dollar reflects the strength of the world’s largest economy and reiterated President Donald Trump’s support for market-determined exchange rates.
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