October 23, 2014: Future of transportation revealed; UP rakes in profits and boosts rates; USA Truck viewed as a hot investment.
Here is a look at what is happening in the world of transportation this morning:
The Washington Post newspaper reports on the views espoused by a roundtable of experts on what the future of transportation might look like.
Rail freight giant Union Pacific is raking in the profits, according to the Star Tribune, and is boosting its intermodal rates as a result, reports Capital Press.
A state-level civil rights investigation is expanding against Daimler Trucks North America, according to USA Today.
Logistics Online says P&S Transportation is expanding via the acquisition of two trucking companies.
Forbes indicates that investors are betting that TL carrier USA Truck will be a hot property.
The National Transportation Safety Board is calling for a complete ban on mobile phone use by commercial vehicle drivers, according to the Baltimore Sun.
The Herald Bulletin reports on an Indianapolis vocation school’s new partnership with Schneider National that aims to train more truck drivers.
More women are joining the trucking industry’s ranks, according to Spectrem’s Millionaire Corner publication.
The Hour Online reports that Connecticut is beefing up its trucking enforcement efforts.
General Motors posted strong third quarter earnings, according to the USA Today, followed by Caterpillar’s better-than-expected profits, notes Reuters.
Jobless claims increase slightly though most feel the overall labor picture remains positive, says the Wall Street Journal.
ABC News reports that recession fears remain elevated for Europe despite improving economic outlook.
Stock futures are up on positive earnings news, according to USA Today.
