Pam Transportation Services announced Monday after the market close that first-quarter earnings were roughly half the prior-year result. The Tontitown, Arkansas-based truckload carrier reported adjusted net income of $12.7 million, or 57 cents per share. That compared to one analyst’s estimate of 42 cents per share and $1.18 a year ago. The adjusted number excluded…
WASHINGTON — A House lawmaker wants to give federal maritime regulators more power to crack down on collusive shipping agreements among foreign ocean carriers. The Ocean Shipping Competition Enforcement Act, introduced on Monday by Rep. John Garamendi, D-Calif., would allow the Federal Maritime Commission to block any agreements among carriers and marine terminal operators found…
After a reversal of a string of declines last week, the benchmark Department of Energy/Energy Information Administration average weekly retail diesel price headed down again. The latest posting is $4.077 a gallon, down 3.9 cents a gallon. The price has now declined in 21 of the past 26 weeks and is down $1.264 per gallon…
Eighty-four employees at Amazon.com Inc.’s Palmdale, California, location have agreed to organize their union–DAX8–with Teamsters Local 396, a move that marks the first time that Amazon (NASDAQ: AMZN) workers have affiliated with the Teamsters. Drivers and dispatchers won what is known as “neutrality and voluntary union recognition” to join the local after negotiations with Teamsters…
CN, Union Pacific and GMXT are joining forces to create a Mexico-U.S.-Canada intermodal service dubbed Falcon Premium. The service will connect CN points of origin in Canada and Detroit to […]