UPS' Net Income Rises to $1.26 Billion as Revenue Dips
UPS Inc. posted a 3.5% increase in third-quarter net income to $1.26 billion from $1.21 billion, even as quarterly revenue dipped by 0.4% to $14.24 billion from $14.29 billion, compared with the same three months in 2014.
October 28, 2015Canadian National Profit-Boosting Efficiency May Buoy 2016
Canada’s biggest railroad reported a operating ratio of 53.8% for the quarter, and the gauge — which compares expenses with sales — may remain below 60% through 2016, Chief Financial Officer Luc Jobin said Oct. 27.
October 28, 2015Walgreens-Rite Aid Agree to $17.2 Billion Merger
Two of the largest drug store chains in the United States have agreed to join forces. Walgreens Boots Alliance said it will acquire all outstanding shares of Rite Aid for $9 per share in cash, for a total enterprise value of approximately $17.2 billion, including acquired net debt.
October 27, 2015Agriculture Dept. Expected to Nearly Triple Truck-Borne Border Inspection Fee
The U.S. Agriculture Department is expected later this week to issue a final rule designed to recoup costs associated with animal and plant inspections by raising fees for all truck-borne imports by 187%.
October 27, 2015Bob Baylor, President of Baylor Trucking, Dies at 67
Robert “Bob” Baylor, president of Baylor Trucking Inc. and former American Trucking Associations board member, died Oct. 25 after a battle with ALS. He was 67.
October 27, 2015Teamsters-Backed Strikes Continue Against Two Southern California Fleets
Teamsters-backed demonstrators continued to strike against XPO Logistics and Pacific 9 Transportation, two Southern California port trucking companies, as the battle to organize drayage drivers continued.
October 27, 2015House Easily Passes Short-Term Highway Funding Patch
The House on Oct. 27 easily passed a measure that would authorize funding for highway programs through Nov. 20. The bill now heads to the Senate, where GOP leaders there are expected to show it favorable support.
October 27, 2015National Diesel Average Declines for Second Consecutive Week
The average price of diesel fuel in the United States declined 3.3 cents a gallon to $2.498, the second consecutive weekly decline, the Department of Energy reported Oct. 26.
October 27, 2015Telogis Launches iOS Apps, Partners with Element, Expands Hino Collaboration
Fleet telematics provider Telogis has unveiled a line of mobile applications for Apple devices, announced a partnership with Element Fleet Management and expanded its collaboration with Hino Trucks.
October 27, 2015Convoy Debuts, Aiming to Be the Uber of Trucks
Trucking isn't the first thing that comes to mind when considering industries ripe for disruption.
October 27, 2015