The weekly average intermodal rail volume for January rose to the highest level on record for the month, the Association of American Railroads reported. Intermodal volume reached a weekly average of 236,657 units in January, and total ...
Tags: Transportation, Traffic
American Axle & Manufacturing American Axle & Manufacturing Holdings reported its fourth-quarter profit declined on costs associated with debt refinancing. Net income dropped to $29.8 million, or 39 cents per share, from $319.9 million, ...
Tags: Auto Parts, Transportation
Existing home sales increased 1% in December, the first rise in four months, the National Association of Realtors said Jan. 23. Sales rose to an annual rate of 4.87 million. The December level was lower than economists' median forecast of ...
Tags: Hous Sales
American Trucking Associations said its tonnage index rose 8.2% last month, reaching another record, capping the strongest year since 1998 and reflecting increasing strength across broad economic sectors. The not seasonally adjusted index ...
Tags: Transportation
Truckload carrier Marten Transport reported 2013 was the best financial year in its history, but fourth-quarter income declined. Fourth-quarter net income dropped to $7.3 million, or 22 cents per share, from $7.7 million, or 23 cents per ...
Tags: Transportation
According to data released on January 16th, 2013 European auto market continued to shrink, became the longest time for shrinking in six years, reported by Detroit News. According to data post by the European car manufacturers association, ...
Tags: Auto, Transportation, Vehicle, Car
Mullen Group announced this week its board has approved its 2014 capital budget of $100 million, about $25 million of which will be allocated to its trucking/logistics segment. The funds will be used to buy new trucks, trailers and ...
Tags: Transportation, Auto Parts
Norfolk Southern Corp. said its fourth-quarter profit increased 24%, and income from railway operations rose 23% to $881 million. Net income rose to $513 million, or $1.64 per share, from $413 million, or $1.30, a year ago. ...
Tags: Transportation, Truck
Covenant Transportation Group Inc. said it expects fourth-quarter 2013 net income of 18 cents to 22 cents a share, compared with 10 cents a share in the previous year's quarter. Covenant attributed the improved earnings forecast to higher ...
Tags: Transportation
This story appears in the December 2013/January 2014 issue of iTECH, published in the Dec. 16 print edition of Transport Topics. Click here to subscribe today. A new "blue paper" by the research department of investment bank Morgan ...
Tags: Trucking, Trucking News, Driverless Vehicles
Many U.S. carriers expect to grow capacity and plan to replace aging trucks, according to a survey by Transport Capital Partners. Since the HOS rules caused fewer hours per day utilization of equipment, carriers are being pushed to ...
Tags: Transportation, Auto Parts, Trucks
In two decades, about 9 percent of all cars will be self-driven, according to a forecast published this week by auto industry group IHS Automotive. IHS believes that although no such cars are yet available for consumers, they will be in ...
Tags: Transportation, Cars
The pace of China's economic growth saw an uptick in Q3 2013, finishing the quarter with real GDP increasing 7.8% year over year, according to the most recent China Commercial Vehicle Outlook. The report is jointly published quarterly by ...
Tags: Truck, Transportation
The world's largest auto market - China auto market will not stop growing by the end of this year. On December 10, the China association of automobile manufacturers said, the local sales of 1.7 million cars and light commercial vehicles, ...
Tags: Auto, Transportation, commercial vehicles, cars
A newly launched Athena service uses the tagline "Fall in love. With what big data can do for you and your company." No, it's not a dating site and no, big data isn't always very loveable. However, the new service, provided by Vigillo, ...
Tags: Transportation, Auto Parts, Big Data