SoCal Ports See Cargo Slowdown; Shift Away From West Coast Reported
Recent ocean freight reports from around the country suggest that more cargo is being steered away from Southern California, the nation’s largest port complex, to alternative ports, mostly on the East Coast.
July 21, 2015Dicom Transportation Acquires Extra Express
Dicom Transportation Group, which offers North American freight services, announced the acquisition of Extra Express to add final-mile delivery and distribution offerings in the western United States.
July 21, 2015June Tonnage Tepid, Rising 1.8%, ATA Reports
Truck tonnage rose a mild 1.8% in June from a year earlier as factory output and retail sales remained weak, American Trucking Associations reported.
July 21, 2015BestDrive Acquires Hill Tire to Expand in Southeast
BestDrive, a tire distributor and retreader owned by Continental Tire, announced the acquisition of Hill Tire Co. to expand its presence in Southeast markets.
July 21, 2015ASCE to Unveil Infrastructure Report July 23
A report to be released by the American Society of Civil Engineers on July 23 will detail ways communities are modernizing infrastructure.
July 21, 2015ATA, Transportation Groups Urge Senate Action on 6-Year Bill
A consortium of transportation groups, including American Trucking Associations and the U.S. Chamber of Commerce, is urging senators to advance a six-year surface transportation policy measure that a committee reported to the chamber’s floor last month.
July 21, 2015Canadian Pacific Lowers 2015 Outlook After Commodities Cargo Declines
Canadian Pacific Railway cut its forecast for full-year revenue and earnings per-share growth while it seeks to control costs amid a decline in demand for commodities shipments.
July 21, 2015Payrolls Rise in 31 States, Led by New York
Payrolls increased in 31 states in June, and the unemployment rate fell in 21 as the labor market made strides across the nation.
July 21, 2015Daimler Settles EEOC Lawsuit for $40,000
Daimler Trucks North America has settled a civil lawsuit with the U.S. Equal Employment Opportunity Commission and will pay $40,000 related to a complaint filed by a former company employee.
July 21, 2015Werner's Net Income Rises 24%
Rate increases and fleet additions helped Werner Enterprises Inc. raise second-quarter net income 24% to $31.8 million, or 44 cents per share
July 20, 2015