Eaton Boosting Dividend by 11%
Eaton Corp. said Wednesday its board has approved an 11% increase in its quarterly cash dividend.
February 27, 2013Infographic: Ryder’s Foundation for a Successful Freight Brokerage
Globally, supply chains are facing unprecedented levels of disruption. As a result, shippers and carriers are challenged more than ever to keep goods moving while remaining profitable. While most brokerages point to technology as the key to achieving success, today’s setbacks have proven that technology alone isn’t enough.
Durable Goods Orders Decline but Rise Excluding Transportation Orders
Durable goods fell in January but rose by the most in a year excluding transportation orders, the Commerce Department reported Wednesday.
February 27, 2013Ritchie Bros. Reports Lower 4Q, Higher Full-Year Income
Ritchie Bros. Auctioneers said its fourth-quarter profit slipped from a year ago to $22.1 million, or 21 cents per share, from $26.8 million, or 25 cents, a year ago.
February 27, 2013FMCSA Tells ATA It Will Not Delay HOS Enforcement
The Federal Motor Carrier Safety Administration said it will not delay enforcement of the latest changes to the hours-of-service rules for truck drivers, saying that American Trucking Associations did not demonstrate enough harm to the industry and law enforcement to merit such a delay.
February 26, 2013ATA Backs 65-MPH Speed Limit, Funding SmartWay Program
American Trucking Associations told a task force attempting to revive the issue of climate change that it should consider legislation lowering the national speed limit for all vehicles to 65 mph and increase funding for the Environmental Protection Agency’s SmartWay program.
February 26, 2013Expeditors’ Fourth-Quarter Profit Declines
Logistics firm Expeditors International of Washington said Tuesday its fourth-quarter profit fell from a year ago on a decline in volume.
February 26, 2013New Home Sales Jump 15.6% in January
New home sales increased 15.6% in January to the highest level since July 2008, the Commerce Department said Tuesday.
February 26, 2013TNT Express Selects New CEO
TNT Express said it has appointed Tex Gunning to be its next CEO, effective June 1.
February 26, 2013Minnesota Tax Proposal Draws Trucking Industry’s Concern
A Minnesota proposal to impose a new 5.5% tax on a wide range of services that include trucking would add a large cost to the state’s trucking industry, the Minnesota Trucking Association said.
February 26, 2013TSD Logistics Names Muir President
TSD Logistics, a third-party logistics company that specializes in hauling raw materials for the tire and rubber industry, said that Robert Muir has been named president and CEO.
February 26, 2013