The weak trucking market finally has caught up to the quarterly report of Canada’s BMO, a major lender to fleets. In its quarterly earnings report, BMO (TSX: BMO.TO) breaks out the financial performance of its various lending sectors. Transportation is its own sector, and BMO officials have said about 90% of that book of business…
Norfolk Southern and the heads of 12 unions have pledged to work together to improve safety, sending a letter to all craft and management employees describing the renewed partnership. The letter, signed by NS President and CEO Alan Shaw and the presidents of the 12 unions, comes as NS (NYSE: NSC) and other Class I…
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WASHINGTON — Legislation to invest $755 million over three years to expand truck parking in the U.S. advanced in the House on Tuesday after an opponent won assurances that the money would come from funds already authorized by Congress. “Much has been made of the shortage of truck parking without looking at the underlying issue:…
Truck broker Landstar System lowered its second-quarter guidance in a filing with the Securities and Exchange Commission Tuesday after the market closed. The Jacksonville, Florida-based company said both revenue and earnings will come in below the ranges it provided when it reported first-quarter results at the end of April. At the time, the company’s management…