It has been nearly five months since Ontario introduced new legislation regulating the towing industry. The Professional Towing Association of Ontario (PTAO) supports the intent behind the legislation but has […]
Some key statistics at the U.S. LTL operations of TFI International remain a cause for concern at the Canada-based trucking conglomerate, and CEO Alain Bedard did not hold back discussing those issues on the company’s first-quarter earnings call. The core of the U.S. LTL activities at TFI (NYSE: TFII) is known as TForce, and its…
Universal Logistics Holdings’ first-quarter results showed year-over-year (y/y) decreases in its trucking, intermodal and managed brokerage segments, while the company’s total revenue increased 12.5% to $491.9 million. “The first quarter was certainly a challenging environment for our transactional transportation business, but overall, I’m extremely pleased with our results,” CEO Tim Phillips said during an earnings…
The Lunar New Year has come and gone, but its impact at U.S. ports has been felt for weeks after the holiday.. Even with the impacts of the Lunar New Year arising at ports across the country in the form of sequential declines in imports, port figures across the board are holding up compared to…
The Federal Highway Administration has announced $148 million in grants to combat pollution at the nation’s ports caused by idling trucks. The funding is part of a $400 million program to improve air quality under the Bipartisan Infrastructure Law. The first round of grants provides funding to 11 states and Puerto Rico under the Reduction…