Truckload carrier Pam Transportation Services announced an operating loss for a second straight period in what it described as an “extremely challenging” first quarter. Pam (NASDAQ: PTSI) reported net earnings per share of 1 cent compared to 23 cents in the same period a year ago. The result was below a lone analyst’s 7-cent estimate….
With the equities market for trucking stocks reeling this week on the backs of two companies’ highly bearish disclosures, one question loomed large on the FreightWaves State of Freight webinar: Are we getting near the bottom? Battered and bruised in #trucking this a.m. due to numbers from $JBHT and $KNX. At approximately 10:50, here were…
WASHINGTON — Regulators are moving ahead with plans for a new registration system that will help the government keep better track of motor carriers and freight brokers. The Federal Motor Carrier Safety Administration will be asking the White House Office of Management and Budget to review and approve a request to collect new information that…
Mexico was the United States’ top trading partner in February, with two-way trade increasing 11% year over year (y/y) to $67 billion, according to the latest data from the Census Bureau. It was the second consecutive month and 12th of the past 14 months Mexico has been No. 1. Canada was the second-ranked U.S. trade…
CSX unveiled its first hydrogen-powered locomotive on Tuesday following a partnership with CPKC designed to foster innovation and a clean environment. According to a press release from CSX, the hydrogen locomotive was converted from an existing diesel locomotive using a conversion kit developed by CPKC. This allowed the locomotive’s frame, cab, trucks and additional parts…