Expeditors International’s Profit Falls
Logistics provider Expeditors International of Washington Inc. said its profit declined slightly in the fourth quarter of 2013 but increased in the full year.
February 25, 2014Roadrunner Buys Rich Logistics
Roadrunner Transportation Inc. said it has acquired Rich Logistics, a Little Rock, Ark.-based trucking company that operates throughout the United States and Mexico.
February 25, 2014Colorado Senate Panel, House Pass Anti-Indemnification Bill
Colorado could become the 40th state to pass legislation protecting truckers against having to assume full liability for accidents, regardless of who is at fault.
February 25, 2014XPO Reports Fourth-Quarter Loss
XPO Logistics reported a fourth-quarter loss of $10.6 million, or 37 cents per share, compared with a loss of $9.3 million, or 57 cents per share, a year ago. Revenue increased about 137% to $257.2 million.
February 25, 2014Home Prices in 20 Cities Rise at Slower Pace in December
Home prices in 20 major U.S. cities rose in December at a slower pace, according to Standard & Poor’s.
February 25, 2014Consumer Confidence Declines in February
Consumer confidence declined in February, the New York-based Conference Board said Feb. 25.
February 25, 2014Idaho High Court Eases Owner-Operator Rules
Idaho’s Supreme Court unanimously reversed a previous ruling that had said that a truck owner-operator cannot be considered an independent contractor without having his own authority from the U.S. Department of Transportation.
February 24, 2014VW Offers $9.2 Billion for Remaining Scania Stake
Volkswagen AG has offered 6.7 billion euros ($9.2 billion) to Scania AB shareholders to buy the remaining 37.4% of the Swedish truck maker, part of a plan to become a global heavy-truck manufacturer, Bloomberg News reported.
February 24, 2014Canada, US Launch Truck Pre-Inspection Program at Peace Bridge
Canada and the United States have launched the second phase of a pilot program designed to speed freight flow at the border by having U.S.-bound trucks inspected on Canadian soil.
February 24, 2014Mack Sets Goal of Reaching 10% Market Share This Year
ALLENTOWN, Pa. — Mack Trucks’ new president of North American sales and marketing said the company has set its sights on reaching 10% market share this year by growing its over-the-road truck business while retaining its traditional strength in vocational and regional haul.
February 24, 2014