Kansas City Southern reported profits rose 36% in the first quarter, although the gains were lowered to a 12% increase after applying the exchange rate between the Mexican peso and the U.S. dollar.
April 21, 2017Search
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Opinion: Solutions to Help Eliminate Late Payments
There is nothing fun about not getting paid for the loads you have hauled. But unfortunately, every small trucking company and owner-operator will encounter clients who sometimes take 45 to 60 days — or longer — to pay.
April 24, 2017Trump Wants $200 Billion for Infrastructure, OMB Director Says
President Donald Trump plans to propose spending about $200 billion in taxpayer dollars on an infrastructure development plan that would leverage private financing, his budget director said, adding that the plan won’t be ready until this fall.
April 21, 2017Will Uber Replace Freight Brokers? ‘Absolutely Not,’ Tech Expert Insists
ORLANDO, Fla. — The emergence of Uber-style transactions in the freight industry will not replace brokers, experts in the segment said while acknowledging a surge in both the number of new motor carriers and mobile apps to locate freight.
April 24, 2017Senate to Consider Transportation Nominees to Fill Senior Positions Before Memorial Day
The Senate is likely to vote on President Donald Trump’s picks for senior posts at the U.S. Department of Transportation this spring, the chamber’s Republican leaders indicated this month.
April 24, 2017‘Warning Signs Are Getting Darker’ for the US Economy, Says CEO of World’s Largest Money Manager
Laurence Fink, CEO of BlackRock Inc., said the lackluster growth of the U.S. economy and uncertainty around the Trump administration’s ability to quickly pass key reforms pose a risk to markets.
April 20, 2017Infrastructure Funding Inaction Raises ‘Possibility of Catastrophic Failure’ Says Siemens Executive
Failing to fund upkeep for infrastructure systems increases the likelihood of epic disruptions to the flow of goods and people, a senior official with Siemens Rail said in a recent interview with Transport Topics.
April 20, 2017Freight Slows Slightly From February to April, Fed says
Growth in freight shipments slowed slightly between mid-February and the start of April, according to a Federal Reserve report.
April 19, 2017Georgia’s I-75 North Truck Lanes Deemed Wasteful in New Report
A $2 billion project that would lead to the country’s first longhaul truck-only lanes through nearly 40 miles along Interstate 75 in Georgia was categorized as wasteful in a new report by the U.S. Public Interest Research Group with the Frontier Group.
April 19, 2017IMF Raises Global Forecast While Warning of Protectionism Threat
The emergence of protectionist forces could undermine a modest brightening of the global growth outlook and is putting severe strain on the post-World War II economic order, the International Monetary Fund said.
April 18, 2017