Jonathan S. Reiskin

Business

Volvo Results Improve for Quarter, Dip for Year

Volvo Trucks North America

Original equipment manufacturer Volvo AB reported a fourth quarter of improving revenue and net income to cap off a 2016 characterized by modest declines due to soft business conditions.

Jonathan S. Reiskin | Associate News Editor
February 1, 2017
Business

Paccar Remains Profitable But at Lower Levels

TruckPR

Revenue and net income declined at global truck manufacturer Paccar Inc. for the fourth quarter and the year, but the Bellevue, Washington-based corporation did remain profitable in both periods.

Jonathan S. Reiskin | Associate News Editor
January 31, 2017
Business

UPS Posts 27-Cent Quarterly Loss on Pension Adjustment

Ken James/Bloomberg News

UPS Inc. lost $239 million, or 27 cents a share, in the fourth quarter due to a one-time “mark to market” charge on pension assets, decreasing net income by $1.67 billion from what was an otherwise profitable period. For the same issue at the end of 2015, the charge decreased profitability by $79 million.

Jonathan S. Reiskin | Associate News Editor
January 31, 2017
Business

FHWA Issues Guidance to States for V2I Use

U.S. Department of Transportation

The Federal Highway Administration issued guidance to state and local governments for the adoption of vehicle-to-infrastructure programs, or V2I.

Jonathan S. Reiskin | Associate News Editor
January 30, 2017
Business

Teamsters, Car Haulers Try Again

Jack Cooper Holdings Corp.

Labor and management negotiators have produced a third contract to submit for ratification to Teamsters working in the car-haul sector of trucking, the union announced Jan. 23.

Jonathan S. Reiskin | Associate News Editor
January 30, 2017
Government, Fuel

Eight States File to Intervene in Phase 2 Greenhouse Gas Rule on Truck Emissions

Mjm/Flickr

Eight states and five environmental groups filed motions with a federal appellate court on Jan. 23, asking to intervene in a lawsuit brought by the Truck Trailer Manufacturers Association against two federal agencies over the Phase 2 greenhouse gas rule on truck emissions.

Jonathan S. Reiskin | Associate News Editor
January 26, 2017
Business

Covenant Transportation Earnings Fall

Covenant Transport

Net income at dry van and refrigerated carrier Covenant Transportation Group fell by more than 50%, year-over-year, for both the fourth quarter and the full year, the Chattanooga, Tennessee, truckload fleet reported Jan. 25.

Jonathan S. Reiskin | Associate News Editor
January 25, 2017
Fuel

Trailer Group Asks Court to Review Final Greenhouse-Gas Phase 2 Rule

Stemco

Two trade associations filed petitions for review of the Phase 2 final federal rule on greenhouse-gas regulations for trucks, and the U.S. Court of Appeals for the D.C. Circuit has combined them into a single case to be heard by a panel of three judges to be chosen later.

Jonathan S. Reiskin | Associate News Editor
January 23, 2017
Business

J.B. Hunt Posts Growth for Fourth Quarter, All of 2016

el-toro/Flickr

Intermodal and truckload carrier J.B. Hunt Transport Services posted gains in net income and revenue for the fourth quarter of 2016 and for the year, the Lowell, Arkansas-based company said Jan. 19.

Jonathan S. Reiskin | Associate News Editor
January 19, 2017
Business, Technology

Demanding Customers, Array of Technology Driving Changes in Freight Transportation

Jonathan S. Reiskin/TT

WASHINGTON — While freight transportation has undergone enormous change over the past quarter-century, even more is coming and very quickly, driven by demanding customers and an array of technology to satisfy shippers.

Jonathan S. Reiskin | Associate News Editor
January 16, 2017

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