Jonathan S. Reiskin

Business, Equipment, Logistics

Jack Cooper Plans to Reorganize Debt; Auto Hauler Hopes to Avoid Chapter 11

A Jack Cooper car hauler Jack Cooper Holdings Corp.

Leaders of Jack Cooper Holdings Corp., North America’s largest auto hauler, are approaching completion of intense negotiations to reorganize a major portion of the company’s debt.

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

Logistics Spending Dips to $1.39 Trillion in 2016

Gene Seroka Laurie Wiegler/Transport Topics

Anemic shipping volumes and weak pricing for transportation carriers in 2016 combined to push down total U.S. business spending on logistics, both in dollars and as a percentage of gross domestic product.

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

UPS Inc. to Add Holiday-Shipping Surcharge in November, December to Handle E-commerce Shipping

UPS air cargo Luke Sharrett/Bloomberg News

UPS Inc. will institute a holiday-shipping surcharge for residential delivery in much of November and December this year to help deal with the torrent of e-commerce shipping at that time of year.

Jonathan S. Reiskin | Associate News Editor
June 21, 2017
Business, Logistics

Total US Logistics Spend Dipped in 2016, Says CSCMP

CSCMP panel Laurie Wiegler/Transport Topics

WASHINGTON — Anemic shipping volumes combined with weak pricing for transportation carriers in 2016 to push down total U.S. business spending on logistics, both in dollars and as a percentage of gross domestic product.

Jonathan S. Reiskin | Associate News Editor
June 20, 2017
Business

ATA Economic Summit Will Assess Health of Key Industries Using Trucking Services

Fleet executives will get a chance to check out the health of their customers’ industries at an economic summit, where chief economists from nine trade associations provide briefings on the current state of those business groups and what is expected in coming months.

Jonathan S. Reiskin | Associate News Editor
June 19, 2017

Trimble Adds ISE to Transportation Division

Technology and communications provider Trimble Inc. has added another company to its transportation segment with the June 9 acquisition of Innovative Software Engineering, a supplier of telematics systems, including electronic logging devices.

Jonathan S. Reiskin | Associate News Editor
June 14, 2017
Fuel

Diesel Slips 0.7¢ to $2.564, Gas Rises to $2.414

U.S. diesel and gasoline prices each made modest moves during the week ended June 5 but in different directions. Diesel slipped 0.7 cent a gallon and gas rose 0.8 cent, while crude oil dropped toward this year’s low point below $46 a barrel.

Jonathan S. Reiskin | Associate News Editor
June 12, 2017
Business

Navistar Loses $80 Million in Fiscal 2Q

Navistar International Corp.

Navistar International Corp. lost $80 million, or 86 cents a share, during the fiscal second quarter as the manufacturer set aside $60 million for its reserve fund to deal with used trucks with troubled engines that are largely exported.

Jonathan S. Reiskin | Associate News Editor
June 12, 2017
Business

Insurance Market Still Tough as Jury Awards Keep Rising

iStock

Trucking companies continue to struggle with a tight, expensive insurance market — paying more for vehicle liability coverage or making due with less of it — while the underwriters that remain in trucking face narrowing or vanishing profits, suggesting the years-old problem will not be leaving anytime soon.

Jonathan S. Reiskin | Associate News Editor
June 12, 2017
Equipment

Navistar Loses $80 Million in Second Quarter as Revenue Declines

John Sommers II for TT

Navistar International Corp. lost $80 million, or 86 cents a share, on revenue that declined to $2.1 billion during the fiscal quarter ended April 30, as the manufacturer also set aside an extra $60 million for its reserve fund to deal with used trucks with troubled engines that are largely exported.

Jonathan S. Reiskin | Associate News Editor
June 7, 2017

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