The chart below are for some of the key performance metrics for Marten Transport. A fuller story will be published later.
The post Marten 3Q earnings: deterioriation in OR appeared first on FreightWaves.
The chart below are for some of the key performance metrics for Marten Transport. A fuller story will be published later.
The post Marten 3Q earnings: deterioriation in OR appeared first on FreightWaves.
TFI International announced it has acquired food-grade tank hauler Entreposage Marco. Quebec, Canada-based Entreposage Marco transports edible products like oils, liquid yeast, sweeteners and fruit juices. It has a fleet of 15 power units, according to the Federal Motor Carrier Safety Administration. Financial terms of the transaction were not provided. The deal pales in comparison…
WASHINGTON — If former President Donald Trump wins back the White House in November, The Heritage Foundation hopes he will embrace the organization’s policy playbook, which would reward autonomous trucking while slowing the timeline for electric vehicles (EVs). Those objectives are outlined in the U.S. Department of Transportation chapter of the 900-page presidential transition “Mandate…
This story originally appeared on Trains.com. WASHINGTON — For the first time in more than nine months, U.S. weekly rail traffic has dropped below 2023 levels. For the week ending Oct. 5, total U.S. traffic was 486,187 carloads and intermodal units, a 2.5% decline from the same week a year earlier, according to statistics from…
American Airlines said Thursday second-quarter cargo revenue fell nearly 40% year over year, hours after United Airlines reported a 37% drop in sales from shipments carried in the lower hold of its passenger fleet. Cargo performance at the Big Three U.S. airlines is now worse than it was in 2019, before the pandemic. The disappointing…
Truckload carrier Pam Transportation Services reported a net loss for the 2024 second quarter but noted some seasonal improvement as the period progressed. Pam (NASDAQ: PTSI) reported a net loss of 13 cents per share, which was worse than a lone analyst estimate of 8 cents and well below earnings per share of 42 cents…
Maersk Line Ltd., the U.S.-flag arm of Danish shipping giant Maersk, has agreed as part of a settlement with the Department of Labor to change its safety reporting policies and compensate a whistleblower who reported safety concerns to the U.S. Coast Guard without first notifying the company. The action stems from the Occupational Safety and…