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News•January 31, 2014

Saia, Celadon, Landstar Report Earnings

Multiregional less-than-truckload carrier Saia reported improved fourth quarter and 2013 financial results, while truckload fleet Celadon had higher revenue but lower earnings, and asset-light Landstar System had record fourth-quarter revenue and higher earnings.

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News•by Evan Lockridge•January 30, 2014

Economic Watch: GDP Advances at Annual Rate of 3.2% for Quarter

The U.S. economy expanded at a healthy pace in the final quarter of last year amid a big jump in consumer spending, according to new Commerce Department figures.

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News•January 30, 2014

Arkansas Best Moves from Loss to Profit in 2013

The parent company to less-than-truckload carrier ABF Freight System and ground expedite fleet Panther Expedited Services reported a profit in the final quarter of 2013 after reporting a loss a year earlier.

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News•January 30, 2014

UPS 2013 Profit Leaps to $4.4 Billion

Trucking, parcel and logistics giant UPS increased profit in the final quarter of the year and for all of 2013.

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News•January 30, 2014

Field Study Proves Benefit of Restart Rule, FMCSA Says

A field test of the 34-hour restart provision of the new hours-of-service rule shows that the restrictions improve safety, the Federal Motor Carrier Motor Safety Administration reports.

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News•January 30, 2014

FMCSA Expands Cold Weather Emergency Declarations

The Federal Motor Carrier Safety Administration has expanded emergency declarations it issued earlier this month, waiving enforcement of some federal regulations for certain movements of propane and other home heating fuels due to shortages

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News•by Evan Lockridge•January 29, 2014

Economic Watch: Federal Reserve Stays the Course in Final Bernanke Meeting

In one of his final moves as Federal Reserve Chairman, Ben Bernanke on Wednesday announced the central bank would continue trimming its monthly purchases of mortgage and Treasury securities that it recently started.

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News•by Oliver Patton•January 29, 2014

Enforcement Community Spells Out What it Wants in Highway Bill

Police and roadside inspectors are calling for changes in how the Department of Transportation administers the truck safety program. At a hearing Tuesday before the House Subcommittee on Highways and Transit, Thomas Fuller, a sergeant in the New York State Police, outlined what the enforcement community wants in the next highway bill.

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News•by Oliver Patton•January 29, 2014

Obama Repeats Call for Tax Reform to Fund Highways

In his State of the Union address Tuesday night President Obama repeated his call to use corporate tax reform to fund a large, one-time infusion of money into infrastructure.

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News•January 29, 2014

Knight Transportation Profit Jumps in Fourth Quarter and 2013

Truckload carrier and logistics provider Knight Transportation announced Wednesday its fourth quarter 2013 profit increased 12.7% to $20.1 million or 25 cents per share, from $17.7 million or 22 cents per share a year earlier.

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