Transport Topics
Amazon Profit Tops Estimates as Fast Delivery Fuels Growth
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Amazon.com Inc.'s sales and profit topped estimates on robust demand for quick-turnaround delivery, cloud services and gadgets such as the Kindle and Echo, adding to evidence the e-commerce giant can make money even as it invests heavily in future hardware, software and entertainment.
ArcBest First Quarter Loss Widens
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ArcBest Corp.'s first quarter loss widened to $6.1 million, or 24 cents per share, hurt by rising costs and reduced revenue at its less-than-truckload unit and weaker results at its logistics business.
TruStar Energy Opens CNG Station Along I-75 in Florida
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TruStar Energy has opened a company-owned public compressed natural gas fueling station in Fort Myers, Florida, as a midpoint between Tampa and Fort Lauderdale for fleets traveling the Interstate 75 corridor.
Caterpillar to Close Five Plants, Cut 820 Jobs
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Caterpillar has announced the planned closing of five plants and the elimination of about 820 jobs as part of its ongoing restructuring in response to "tough market conditions."
Wex to Integrate Fuel Data With ELDs
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Fuel-card provider Wex Inc. announced that it plans to help fleets better manage purchases by combining its fuel data with telematics data from electronic logging devices.
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