This story originally appeared on Trains.com. JACKSONVILLE, Fla. — The Securities and Exchange Commission has subpoenaed CSX Corp. regarding misstatements in previously financial reports, CSX said in its latest quarterly filing with the government agency.CSX delayed its second-quarter financial reports by about two weeks as it reviewed accounting regarding capitalization of engineering materials and labor…
A Texas trucking company, which hauled sand, gravel and cement, along with its affiliated companies have shuttered operations and recently filed for bankruptcy liquidation, citing serious financial conditions as the main reason. Irving, Texas-based Sunset Logistics Inc. and its five Irving-based affiliated companies – Sunset Express Inc., Mobile Fleet Marketing Inc., Glidewell Leasing Co. LP,…
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 FreightWaves SONAR State of Freight webinar for October took place on a day sandwiched between freight market movers that didn’t move things all that much – hurricanes and a port strike – but just ahead of a consequential election in which tariffs and their potential impact on supply chains are very much on the…
Welcome to the WHAT THE TRUCK?!? Newsletter presented by Nikola. In this issue, is the market normalizing?; trucking pandas; and more. Sponsored by Nikola: Clean. Quiet. Smart. Sustainability delivered today. Nikola’s Class 8 battery-electric and hydrogen fuel cell electric trucks are available now. Learn more about incentives in your area. The calm after the storm…