Covenant Reports Solid First-Quarter Revenue, Income

Covenant truck on the road Daniel Dubois

Covenant Transportation Group reported first-quarter net income of $4.4 million, or 24 cents per share, compared with a net loss of $39,000 in the same period of 2017.

Burney Simpson | Staff Reporter
April 24, 2018
Business, Equipment

Ryder System Posts Higher Sales, Lower Profits in First Quarter

Ryder System truck Ryder System Inc.

Ryder System generated record revenue and lower net earnings in the first quarter as strong sales for the Miami-based equipment leasing and logistics service provider were offset by a write-down of goodwill for its operations in the United Kingdom and higher expenses associated with the sale of used vehicles.

Daniel P. Bearth | Staff Writer
April 24, 2018

Consumer Confidence Rebounds as Homebuying Plans Hit Record

Steven Guzzardi/Flickr

U.S. consumer confidence unexpectedly rose in April to the second-highest level since 2000 as Americans grew more upbeat about both current conditions and the economic outlook, according to figures April 24 from the New York-based Conference Board.

Sho Chandra | Bloomberg News
April 24, 2018
Business, Logistics

CN Rail Mulls Real Estate Sales to Raise Cash for Network Revamp

Denis Giles/Flickr

Canadian National Railway Co. will consider selling additional real estate to free up cash that can be plowed back into its network.

Kristine Owram and Frederic Tomesco | Bloomberg News
April 24, 2018
Business, Logistics, Top 50

XPO Logistics Appoints Troy Cooper, Kenneth Wagers to Executive Posts

Bradley Jacobs Jacobs (left) by XPO Logistics

XPO Logistics promoted Troy Cooper to the newly created position of president from COO, and appointed Kenneth Wagers COO with responsibility for operations in 32 countries.

Transport Topics
April 24, 2018
Business, Equipment

Trail King, Goldhofer Reach Distribution Agreement

Trail King Trail King Hydraulic Detachable Gooseneck (Trail King)

Trail King Industries announced it would become the exclusive U.S. and Canadian distributor of highway trailers made in Germany by Goldhofer AG, which also will become the sole distributor of Trail King products globally.

Roger Gilroy | Staff Reporter
April 24, 2018
Government, Business, Technology, Safety, TCA

How Hackers Could Cause Chaos on America’s Roads and Railways

Getty Images

When hackers struck the Colorado Department of Transportation in a ransomware attack in February and again eight days later, they disrupted the agency’s operations for weeks.

Jenni Bergal |
April 24, 2018
Government, Business, Safety

Secretary Chao to Keynote Infrastructure Week

Elaine Chao Chao by Yuri Gripas/Bloomberg Finance LP

Transportation Secretary Elaine Chao is scheduled to headline this year’s Infrastructure Week starting May 14.

Eugene Mulero | Staff Reporter
April 24, 2018
Business, Technology, Equipment, Autonomous, TCA

Yamato and DeNA Test Autonomous Delivery System in Japan

Electric cars for the Robo-neko-yamato autonomous van delivery service, operated by Yamato Transport Co. and DeNA Co., stand in Fujisawa City, Kanagawa Prefecture, Japan, April 16, 2017. (Akio Kon/Bloomberg News)

On April 24, Yamato Transport Co. and DeNA Co. tested an autonomous vehicle delivery service to gauge the potential of self-driving technology in the field of logistics.

Kazuaki Nagata | Japan Times, Tokyo
April 24, 2018
Business, Logistics, TCA

Litigation Dogs Lakeville Motor Express 15 Months After Minnesota Trucking Firm Shut Down

LME Inc.

Pressures are mounting for the owners of the defunct trucking firm Lakeville Motor Express and its affiliates.

Dee DePass | Star Tribune (Minneapolis)
April 24, 2018