WASHINGTON — The latest rulemaking agenda published by the Department of Transportation further reveals the Biden administration’s inability to succeed at its mission to reduce crashes, according to truck safety advocates. In a letter sent this week to Transportation Secretary Pete Buttigieg, the Truck Safety Coalition (TSC), which also represents Citizens for Reliable and Safe…
J.B. Hunt Transport Services said it will continue to play the long game with its approach to deploying capital across its businesses even as overall freight demand remains underwater. The company has invested heavily in intermodal capacity, which is presenting an overhang on financial results. The company reported earnings per share of $1.32 for the…
Teamsters General President Sean O’Brien used the first speech by a Teamster at a Republican National Convention to discuss bipartisanship, Amazon and labor reform. O’Brien’s speech Monday night was an unprecedented exercise in bipartisanship by the Teamsters. He also plans to speak at the Democratic National Convention in Chicago in August. The union has not…
A decline in intermodal yields, weak volumes across all of its transportation offerings and elevated expenses were among the culprits for J.B. Hunt Transport Services’ second-quarter earnings miss. The multimodal transportation provider reported second-quarter earnings per share of $1.32 Tuesday after the market closed. The result was 49 cents lower year over year and roughly…
The cargo branch of Dubai-based Emirates, the world’s fourth-largest airline by freight traffic, committed Tuesday to purchase an additional five 777 freighters from Boeing for $1 billion, adding needed supply of widebody freighters as demand for air shipping grows. The announcement comes a day after Airbus upgraded by 3.3% its demand forecast for widebody freighters…