Transport Topics
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Roadrunner Transportation Systems received an extension through April 4 to remain on the New York Stock Exchange, avoiding a delisting due to the company retracting financial statements for every quarter since the beginning of 2016 and also pulling its annual reports for 2015 and 2016.
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United Parcel Service Inc. and FedEx Corp. delivered almost all of people’s presents by Christmas Day, with the former company finishing strong after a bruising late November.
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J.B. Hunt predicted earnings between $85 million and $90 million for the fourth quarter, a decline of 20-30% versus the final three months of 2016. Financial statements will be formally released Jan. 18.
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Trucking firms are revved up for 2018, with predictions of tight capacity and strong demand for freight hauling setting the stage for an anticipated big year ahead for the industry, and indicators pointing to a potentially sustained period of business expansion in the United States and around the globe.
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