Goods-Trade Gap Widens to $71.4 Billion on Import Increase
America’s merchandise trade deficit widened in March for the first time in three months as an increase in imports exceeded the rise in exports.
May 3, 2019Daily Briefings from Transport Topics
Transport Topics has partnered with Spoken Layer to make one-minute daily briefings available on all your smart devices. Simply say “Alexa, play Transport Topics” or “Okay Google, talk to Transport Topics” to get the day’s biggest trucking headlines.
Tesla CEO Elon Musk Correctly Called European Slump for April
Tesla Inc.’s deliveries in key European markets slumped in April after booming the previous month, lending credence to CEO Elon Musk’s prediction for “lumpy” results.
May 3, 2019Averitt Expands Residential Delivery Options
Averitt Express has expanded its residential delivery network to provide shippers with a variety of direct-to-customer delivery options as demand for final-mile logistics services grows.
May 2, 2019Western Express to Invest $88 Million, Add 225 Jobs in Tennessee
Western Express, a Nashville-based freight company, announced May 1 it will spend $88 million and add 225 jobs as it adds new technology, business services and back-office support at its headquarters and expands its truck fleet nationwide.
May 1, 2019C.H. Robinson Beats Wall Street Expectations With 1Q Earnings
Freight broker and produce distributor C.H. Robinson Worldwide beat Wall Street profit expectations, even as it saw first-quarter total revenue decline 4.4% to $3.75 billion compared with $3.92 billion in the first quarter of 2018.
May 1, 2019Ford Partners With Amazon to Enable Package Deliveries
Ford Motor Co. is the latest automaker opening its vehicles’ trunks to Amazon.com., entering a partnership to enable delivery of packages directly to millions of Ford and Lincoln models.
April 30, 2019Werner Enterprises Revenue, Net Income Rise in 1Q
Werner Enterprises Inc., a transportation and logistics company, said its total revenue for the first quarter ending March 31 increased 6% to $596.1 million versus the prior year quarter, primarily attributable to dedicated fleet expansion, higher contractual rates and lane-mix changes.
April 30, 2019Celadon Group Sells Intermodal Operations to Bison Transport
Celadon Group Inc. sold its North American container-on-flatcar intermodal operations to Bison Transport of Winnipeg, Manitoba, according to an April 26 press release.
April 29, 2019Shanghai Tesla Factory Key to CEO Elon Musk’s Ambitions
Three months after groundbreaking, Tesla Inc. is rushing to complete its multibillion-dollar factory on the outskirts of Shanghai to capitalize on growing demand in the world’s largest electric car market.
April 29, 2019Adoption of FA-4 Engine Oils Has Been Slow, but Early Tests May Point to Future Acceptance
The American Petroleum Institute’s latest heavy-duty engine oil standards, designated CK-4 and FA-4, have been on the market for more than two years, but only CK-4 lubricants have by and large replaced the previous CJ-4 formulation.
April 29, 2019