The race for who can create transcontinental offerings and win the most truck-to-rail conversions is on, with CN announcing that it is partnering with Union Pacific and Mexican company Grupo México (GMXT) to create a premium intermodal service that would connect eastern and western Canada with Chicago before heading south to GMXT terminals throughout Mexico….
Paccar Inc. posted first-quarter income well above a year ago even with a $446 million after-tax charge to settle civil suits from a 7-year-old price fixing case in Europe. The Bellevue, Washington-based truck manufacturer reported net income of $733.9 million, or $1.40 per diluted share, compared with $600.5 million, or $1.15, in the January-March period…
Cargo airline Amerijet will have doubled the size of its fleet to 25 aircraft within a span of two years when it soon takes delivery of two Boeing 767-300 converted freighters, a noteworthy achievement for a midtier regional carrier. Miami-based Amerijet is leasing the cargo jets from Air Transport Services Group (NASDAQ: ATSG), a provider…
Waabi, a business using artificial intelligence to refine autonomous truck systems, is relying on some real-world intelligence as well. The Canadian-headquartered company has adopted a new million-mile driver advisory board […]
UPS Inc. early Tuesday came in with weaker than expected first-quarter results as U.S. retail sales fell more than the company expected and it faced ongoing demand weakness in Asia. Revenue was reported at $22.9 billion, down 6% from the same period a year ago. Consolidated operating profit was $2.5 billion, down 21.8% compared to…