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The fourth quarter 2017 earnings reporting season continued on Thursday with another three fleets – Old Dominion Freight Line, Hub Group, and Radiant Logistics – reporting increased profits, due not only to more business and better rates, but also to tax reform.
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Cooper Tire & Rubber announced that it will expand its product distribution network in the U.S. by opening a 1 million square-foot warehouse in Byhalia, Miss.
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It’s impossible to gauge the full impact of the electronic logging device mandate yet, between temporary exemptions and a phased-in enforcement period, and in fact we may not know the true effect on the industry until rates soften significantly, according to FTR analysts.
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C.R. England and England Logistics have announced the launch of the One initiative, a charitable effort to provide 1 million meals annually to hungry children.
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Cummins Filtration has announced FleetguardFit, a real-time filtration monitoring system that provides customers full visibility to filter and oil life through the use of intelligent sensing and advanced data analytics.
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One of the biggest drivers of the U.S. economy is expected to grow between 3.8% and 4.4% this year over 2017, according to a new economic forecast from the trade group the National Retail Federation.
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Intermodal cargo is booming at the nation’s ports. The Port of Los Angeles and the Port of Long Beach both reported record levels of cargo. Georgia's Port of Savannah hit its highest annual volume ever, and the Port of New York and New Jersey also shattered its previous annual cargo volume record, set in 2015.
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Although the Federal Motor Carrier Safety Administration launched a demonstration program last August last summer that invited motor carriers to request a data review of certain non-preventable crashes, only now is the agency releasing “additional information to help submitters and other interested parties understand the demonstration program.”
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Most trucking companies so far this earnings reporting season are reporting big gains in profits in both the fourth quarter of last year as well as for all of 2017. This is due in large part to tax reform legislation, and numbers released Wednesday were no exception.
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In a wide ranging interview, CVSA executive director Collin Mooney spoke about the ELD Mandate, out of service violations and the future of commercial safety enforcement.
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