The semi-automatic handgun that fired accidentally inside a Los Angeles middle school classroom came from a 12-year-old girl's backpack and the single bullet tore through the wrist of another girl before ...
Intermodal freight volumes saw a growth rate of 5.8% year over year. Source: IANA
">Intermodal freight volumes posted a strong fourth quarter that saw a growth rate of 5.8% year over year, according to an Intermodal Association of North America report.
International volumes increased by 7.7% while domestic container volumes grew by 2.5% and trailer loads increased by 12.2%. In the fourth quarter, the seven highest density trade corridors were up 3.7%. These corridors accounted for 62% of the total volume of intermodal freight for the quarter.
The Eastern-Western Canada corridor expanded by 12.7%, exceeding all other lanes by a wide margin. Two other lanes, the Northeast-Midwest and the South Central-Southwest, reached 5% growth. The Midwest-Southwest, intra-Southeast and Southeast-Southwest lanes recorded growth of 2.4%, 2.2% and 1.0%, respectively. The Midwest-Northwest corridor volume shrank 5.2%, the only lane reflecting a decrease in volume.
"Intermodal delivered in 2017, thanks in large part to growth on the international side," said Joni Casey, president and CEO of IANA. "The imbalance between imports and international volumes during 2016 has reversed, resulting in a strong 4.7% volume gain for the year."
Traffic for intermodal marketing companies increased 16.% year-over-year in Q4, with almost all of that gain taking place in the highway segment. This is the second consecutive quarter when both intermodal and highway loadings increased. For the full year, IMC volumes were up 5.4%, with highway moves growing at about twice the pace of intermodal loadings.
Fourth quarter statistics were published in IANA's Q4 and year-end Intermodal Market Trends & Statistics report.
IANA is a trade association representing the combined interests of the intermodal freight industry.
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...Read the rest of this storyThe Kenworth T370 is just one of many vocationa trucks Kenworth offers fleets. (Image courtesy of Kenworth)
">Kenworth Truck Company has named its 2018 Kenworth Service Council. According to the truckmaker, leading Kenworth service managers in the United States and Canada serve on the council, which helps to promote service and product improvements.
Members of the 2018 Kenworth Service Council are: Chairman – Wes Sage, Papé Kenworth (Portland, Oregon); Adam Burrough, Edmonton Kenworth (Leduc, Alberta); Donovan Diaz, Inland Kenworth (Fontana, California); Stefano Gabrielli, Gabrielli Kenworth (Jamaica, New York); Nicolas Letendre, Kenworth Maska (Sherbrooke, Quebec); Dan Mills, Sioux Falls Kenworth (Sioux Falls, South Dakota); Darrin Weimer, MHC Kenworth (Leawood, Kansas); Richard Williamson, Truckworx Kenworth (Birmingham, Alabama); and Kenworth Dealer Council representative Scott Oliphant Kenworth of Louisiana (Gray, Louisiana).
Kenworth PremierCare dealers help fleets and truck operators to maximize productivity by offering a full stock of parts and accessories, expert factory-trained technicians, and mobile roadside assistance.
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...Read the rest of this story
The string of trucking companies reporting better fourth-quarter and 2017 earnings has finally been broken. While Schneider National Inc. and Saia Corp. reported better numbers, USA Truck Inc. returned to only partial profitability and YRC Worldwide Inc. reported losses in both time frames.
Net income for Schneider totaled $283.9 million in the final quarter of last year, or $1.60 per share – a nearly six-fold increase from $47.8 million, or 30 cents per share, in the same quarter in 2016. It was pushed higher by net deferred tax liability of $229.5 million due to the Congressional tax legislation passed and signed into law in December, according to the company.
Total revenue for the quarter was nearly $1.2 billion, compared to a little less than $1.1 billion a year earlier.
"A tight supply and demand environment existed in the fourth quarter and our price improved across the board – contract, tier and spot – as customers responded to driver capacity constraints in the market,” said Chris Lofgren, CEO. “The actions we took in the third quarter to build our driver fleet favorably impacted fourth quarter results.”
For all of 2017, Schneider saw net income more than double, hitting $389.9 million, or $2.28 per share, compared to $156.9 million, or $1 per share, a year earlier. Revenue for last year was nearly $4.4 billion, versus a little more than $4 billion in 2016.
Truckload revenues in the fourth quarter, excluding fuel surcharge, were up 6% from the fourth quarter of 2016, totaling $570.6 million, primarily due to productivity and price, according to the company. Improved truck productivity and effective freight selection resulted in revenue per truck per week of $3,797, an increase of 5.3% over a year earlier. Despite these gains, income from operations was flat at $63.4 million.
Intermodal revenues, excluding ...Read the rest of this story
CNBC's Eamon Javers reports on reaction from President Trump and the FBI about the House Intelligence Committee releasing the memo written by Rep. Devin Nunes (R-CA) that says the FBI and Justice Department acted in bias against President Trump in thei...
PeopleNet has issued an advisory on the need for an AOBRD waiver of the ELD rule for its customers. Photo: PeopleNet
">With the Federal Motor Carrier Safety Administration having granted a waiver that gives PeopleNet customers that integrate existing AOBRDs with fleet management and safety systems until March 18 to continue installing ELD-compatible devices running AOBRD software, the supplier has put together material to help address the need for the waiver.
Last month, FMCSA issued a 90-day exemption to ODFL and other PeopleNet customers to address a portion of the ELD rule's grandfather clause, which states that if a fleet adds any trucks between now and 2019, they must use an ELD, not an AOBRD. That short-term exemption gives affected fleets until March 18, 2018 to integrate their existing AOBRDs to fleet management and safety systems.
FMCSA is now considering a request by one motor carrier for a one-year exemption from the electronic logging rule so that PeopleNet can provide a specific type of software as having been made “on behalf of all motor carriers in similar situations concerning the integration of PeopleNet's ELD software into fleet management systems.”
“We stand behind our customers, and the limited three-month [ELD rule] waiver allows a more flexible, seamless transition from AOBRD to ELD software,” said Eric Witty, PeopleNet vice president, product management, in a Feb. 2 statement.
“We are confident that any current challenges will be short-lived as we continue to look ahead past the ELD mandate and build out the PeopleNet platform to meet our customers' larger long-term needs,” he added. “We will continue to put our customers first as we evolve the platform and invest in their future success.”
Wanting to “provide clarity on this complex topic,” Witty said PeopleNet has ...Read the rest of this story
Former FBI Director James Comey scorned the memo that was released by House Republicans after being declassified Friday by President Donald Trump, saying it doesn't add up to much. "That's it?" ...
