Rip Watson

Business, Government, Safety, Autonomous

Analysts See Weaker 2Q Earnings

Ryder System Inc.

A series of weak second-quarter earnings reports in the weeks ahead should document evidence that truck freight markets have suffered this year amid excess capacity and overstocked inventory, analysts believe.

Rip Watson | Special to Transport Topics
July 11, 2016
Business

New Panama Canal to Alter Global Logistics

Now that the expanded Panama Canal is open for business, changes to global shipping patterns will be far-reaching and gradual, experts said.

Rip Watson | Special to Transport Topics
July 11, 2016
Business

STB Postpones Ruling on Rail Competition Case

The Surface Transportation Board will take another month to decide whether to allow a long-standing, controversial proposal that would create new rail competition in a limited geographical area.

Rip Watson | Special to Transport Topics
July 1, 2016
Business

FedEx Raises Fiscal 4Q Profitability by 20%, Helped by Results at Express, Ground Units

Dacon Corp.

Improved profits at the Express and Ground units of FedEx Corp. helped the package company raise fiscal fourth-quarter net income by 20%, excluding one-time costs. This sets the stage for continued Ground capital investment to support increased e-commerce and the initial integration of TNT N.V.

Rip Watson | Special to Transport Topics
June 27, 2016
Business

May Tonnage Climbs 5.7%

Truck tonnage climbed 5.7% on a year-over-year basis in May and also increased from April, helped by stronger consumer demand and a long-awaited drop in inventories, American Trucking Associations reported.

Rip Watson | Special to Transport Topics
June 27, 2016
Business

Trucking Share Prices Remain Volatile After Lengthy Downturn, Analysts Say

Trucking stocks continue to ride the roller coaster — mostly down — that they have been on for the past year with little sign of positive momentum to push prices back up, according to five trucking and freight analysts.

Rip Watson | Special to Transport Topics
June 27, 2016
Business

Federal Officials, Union Seek Fix For Central States Pension Fund

John Sommers II for TT

Legislative and regulatory efforts to address financial troubles with union pension funds are continuing in the aftermath of the Central States Pension Fund’s unsuccessful effort to rescue its plan by slashing most retirees’ benefits by 50% or more.

Rip Watson | Special to Transport Topics
June 20, 2016
Business

Seasonal Jump in Produce Shipments Boosts Sluggish Truck Freight Market

Shutterstock

A seasonal jump in June produce shipments has perked up a U.S. trucking market that has been dragged down by the country’s overall economic stagnation, industry officials believe.

Rip Watson | Special to Transport Topics
June 20, 2016
Government, Business

ATA's Bob Costello: Economy to Stay Weak

Trucking should expect a generally weak economy in 2016, though the long-standing inventory glut should ease in a few months to make the freight market feel better than today’s uninspiring conditions, American Trucking Associations Chief Economist Bob Costello said.

Rip Watson | Special to Transport Topics
June 13, 2016
Business, Safety, Government

Brokers Split Over How to Ensure Carrier Compliance With ELD Mandate

Teletrac Inc.

Freight brokers are sharply divided about how to bring their carriers into line with the upcoming federal electronic logging device mandate.

Rip Watson | Special to Transport Topics
June 6, 2016

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