The Federal Railroad Administration (FRA) plans to audit the safety cultures and practices of all the Class I railroads operating in the U.S., according to a recent letter by FRA Administrator Amit Bose. FRA’s review will include assessments of the safety culture, practices and compliance of individual railroads, as well as a final report that…
Nearly 100 owner-operators protested in downtown Los Angeles on Thursday after receiving letters in late May stating the city was ending their contracts for its As-Needed Haul Truck Program, citing the independent contractor law AB5. Assembly Bill 5 — which requires companies to use a three-pronged ABC test to determine whether a driver is an…
UPS Inc. and the Teamsters union have reached 24 separate tentative contract agreements, including the ban on UPS introducing new technologies without first bargaining with the union. Under one of the agreements, UPS would be required to negotiate with the Teamsters at least 45 days before it introduces certain technology such as drones, driverless vehicles…
ArcBest saw revenue fall again during May in its asset-based unit, which includes less-than-truckload services. Shipments and tonnage were up slightly year over year (y/y) but yield was off by 12%. The segment is more broadly utilizing a dynamic pricing model, which uses technology to better align rates to available capacity on a lane-by-lane basis….
NEW YORK — Greg Gantt, the CEO of Old Dominion Freight Lines, has led countless earnings calls and presentations to buy-side analysts in his career. On Wednesday, he did his final one. At the UBS Industrial and Transportation conference, Gantt spoke before a small audience of money managers one last time before he moves into…