Less-than-truckload carrier Yellow Corp. booked operating and net losses in the first quarter as it remains hopeful of working out a deal with its union employee base. Yellow (NASDAQ: YELL) reported a first-quarter net loss of $54.6 million, or $1.06 per share, Wednesday after the market closed. The result was 22 cents worse than the…
WASHINGTON — An Oklahoma lawmaker is taking a preemptive shot at a truck speed limiter proposed rule scheduled to be published this year, introducing a bill aimed at stopping it. The Deregulating Restrictions on Interstate Vehicles and Eighteen-Wheelers (DRIVE) Act, introduced in the U.S. House on Wednesday by Republican Josh Brecheen, would prohibit the Federal…
On the earnings call Wednesday for publicly traded 3PL RXO, Ravi Shanker of Morgan Stanley asked the question that lingered after the upbeat statements by company management: How can this company’s leaders be so optimistic? Shanker is one of the network of transportation analysts who have sat through one dreary Q1 earnings call after another,…
By Loren A. Smith Jr. Editor’s note: The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. As the Senate Committee on Commerce takes the next steps on rail safety legislation, there is reason for optimism. Railroads move an astounding amount of freight…
Three of the four U.S. Class I railroads must continue submitting biweekly rail service progress reports to federal regulators through the end of the year as proof of improving rail service because they have not fully met their service targets. The requirement by the Surface Transportation Board applies to Union Pacific (NYSE: UNP), BNSF (NYSE:…