Transportation Times

Paccar Promotes Preston Feight to CEO

Paccar Inc. appointed Preston Feight CEO effective July 1, succeeding Ron Armstrong, the company said in an April 18 news release. ... Continue Reading

FMCSA Receives HOS Exemption Requests From Fireworks Groups

The Federal Motor Carrier Safety Administration has received separate exemption requests from Extreme Logistics and the American Pyrotechnics Association regarding certain hours-of-service rules. ... Continue Reading

Minnesota’s Hands-Free Law Aims to Promote Truck, Car Safety

Minnesota’s recent law banning the use of handheld cellphones while driving will improve safety for motorists and truckers alike, according to Minnesota Trucking Association President John Hausladen. ... Continue Reading

P.A.M. Transportation Reports Record 1Q Earnings

Continuing a trend that started in 2017, higher rates from customers in a strong freight market produced record profits for P.A.M. Transportation Services in the first quarter of 2019. ... Continue Reading

Carlos Ghosn to Be Indicted on New Charges April 22, NHK Says

Carlos Ghosn will be indicted on a fresh round of charges April 22 as Japanese prosecutors pursue their case against the former chairman of Nissan Motor Co., broadcaster NHK reported April 19. ... Continue Reading

Anthony Foxx, Andrew Wheeler, Shoshana Lew to Participate in Infrastructure Week 2019

Not to be confused with the occasional White House announcement of an “infrastructure week,” the actual Infrastructure Week is scheduled for May 13-20, with events in Washington and throughout the country. ... Continue Reading

Louisiana Grand Champion Eric Courville Honed Craft With Navy Service

“I am not amazing.” That’s what Eric Courville says, but his competitors in the Louisiana Truck Driving Championships might dispute that. ... Continue Reading

Training on Collision Avoidance Tech Is Essential, Industry Experts Say

Training is a critical step when incorporating collision avoidance technology into fleets, according to representatives from the trucking industry. ... Continue Reading

Tesla’s Elon Musk, SEC Get More Time to Solve Spat Over Tweets

In a joint letter to U.S. District Judge Alison Nathan, Tesla Inc.’s top executive and the securities regulator said they haven’t been able to resolve a legal dispute over how Musk posts news about his electric-car company. The judge agreed and gave them until April 25. ... Continue Reading

Housing Starts Fall in March to Weakest Pace Since 2017

U.S. new-home construction unexpectedly fell in March, decelerating to the slowest pace since May 2017 and suggesting builders remain wary even as lower mortgage rates and steady wage gains offer support to consumers. ... Continue Reading

Two Texas Oil Towns Among Metros With Fastest Population Growth

Two Texas economies are reaping the benefits from the oil boom in the Permian Basin with people “voting with their feet.” ... Continue Reading

Coal Prices Are Up, and US Miners Still Can’t Catch a Break

The global coal markets have been on a tear lately. And America’s miners still are tanking. ... Continue Reading

Sears Estate Sues Eddie Lampert, Claiming Illegal Transfer of Assets

The bankrupt estate of Sears Holdings Corp. sued Eddie Lampert and his hedge fund ESL Investments Inc., claiming they wrongly transferred $2 billion of company assets beyond the reach of creditors in the years leading up to the retailer’s bankruptcy. ... Continue Reading

Blackstone Group CEO Stephen Schwarzman Sees US-China Deal, No Sign of Recession

The CEO of the world’s largest alternative asset manager is confident the United States isn’t headed toward a recession any time soon and is certain the nation will strike a trade deal with China, Schwarzman said in a Bloomberg Television interview April 18. ... Continue Reading

Kansas City Southern Reports Strong First-Quarter Earnings

Kansas City Southern, the smallest of the Class 1 railroads in North America, on April 17 reported first-quarter financial results that beat Wall Street’s expectations. ... Continue Reading

Investors Pour More Money Into Warehouse Tech Startups

Flowspace, a technology firm that helps businesses manage warehousing and fulfillment services, received $12 million in funding from an investment group led by Canvas Ventures. ... Continue Reading

Retail Sales Jump Most Since 2017 on Autos, Gasoline

U.S. retail sales jumped by the most since September 2017 as gains in motor vehicles and gasoline stations boosted sales, signaling consumers are giving the economy greater support. ... Continue Reading

USDOT Provides $9 Million for Emergency Repairs in Iowa

Iowa’s transportation agency will receive federal assistance to repair flood-damaged roads. ... Continue Reading

Editorial: Earth Day Salute to Cleaner Trucks

The launch of the Nikola Two tractor just days ahead of Earth Day — April 22 — was a fitting and, perhaps, deliberate gesture by the company to spotlight the trucking industry’s progress in improving its level of environmental responsibility. ... Continue Reading

CSX Reports Record 1Q Results on Strong Volume Growth

CSX reported record first-quarter financial results April 16, thanks in part to the Jacksonville, Fla.-based railroad’s increases in freight delivery and lower operating costs. ... Continue Reading