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Trucking News
- Landstar System Reports Record Share Price in First QuarterLandstar System on April 24 reported a record first-quarter earnings per share price of $1.58 on net income of $63.3 million, which compares with $1.37 per share on income of $57.5 million during the same period a year ago — beating Wall Street expectations.
- Volvo Rides Higher Truck Revenue to First-Quarter GainsAB Volvo reported first-quarter net income and revenue rose as it brought in more money from truck sales in all markets.
- Kenworth Chillicothe Plant Initiates $140 Million ExpansionCHILLICOTHE, Ohio — Kenworth Truck Co. on April 24 broke ground to officially start construction on a $140 million, 120,000-square-foot paint facility addition to its Class 8 truck assembly plant.
- CP Railroad Cites Extreme Weather as Factor in 1Q EarningsCanadian Pacific Railway Ltd. said its first-quarter net income and revenue surged, bolstered by gains in the freight sector.
- New York City to Limit Cars, Trucks on 14th Street in Traffic-Cutting ExperimentIn an 18-month experiment, the city plans to limit car and truck traffic from a six-block stretch of the road, establishing a corridor featuring express buses, wide bike lanes and pedestrian-friendly walkways. The bus service will start in June.