Cosco Transport confirms Q1 plunge in income amid weakening demand

Andrew Harrer/Bloomberg Information [Stay on top of transportation news: Get TTNews in your inbox.] Federal industrial transportation operations would obtain practically $1 billion beneath a fiscal 2024 funds request the White Home unveiled this month. President Joe Biden’s funds for…

Brentwood, Tenn. (October 6, 2022)— Comdata, Inc., a FLEETCOR firm and world chief in fee innovation, at this time introduced the launch of an enhancement to its Lumper Funds resolution—a function known as eReceipt. Lumpers present companies for the loading…

Houses in Rocklin, Calif. (David Paul Morris/Bloomberg Information) [Stay on top of transportation news: Get TTNews in your inbox.] Gross sales of latest U.S. houses unexpectedly rose in February after a downward revision to the prior month, suggesting the housing…

A measure of trucking enterprise circumstances improved barely in July from the earlier month, however nonetheless stays in “solidly detrimental territory,” in keeping with a report from transportation sector evaluation agency FTR. FTR’s Trucking Circumstances Index (TCI) was barely much…

Logistics and transportation supplier CMA CGM Group says its income dropped greater than 30% within the first quarter in comparison with the identical interval final yr, and earnings dropped greater than 60% as spot freight charges plunged in a “fast…

[Stay on top of transportation news: Get TTNews in your inbox.] The Nationwide Governors Affiliation has up to date its on-line tracker for federal Infrastructure Funding and Jobs Act funds to assist states and municipalities higher navigate by way of…