Transport Topics
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Old Dominion Freight Line Inc. reported less-than-truckload shipments dropped in November 2016 compared with the year prior, but revenue was up overall, according to a Dec. 2 filing with the U.S. Securities and Exchange Commission.
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Increases next year in private highway and bridge construction activity across residential and commercial developments will help transportation construction to grow by 1.3%, a leading transportation economist indicated Dec. 2.
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The International Brotherhood of Teamsters is concerned about a proposed change at XPO Logistics that would increase the maximum number of shares it can issue as compensation 400%, from 500,000 shares to 2.5 million, the union wrote in a Dec. 1 letter to the company's board of directors.
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Lawmakers in High Point, North Carolina, are wooing Total Quality Logistics into their city, voting Nov. 21 to offer $70,000 of performance-based incentives if the company were to open an office and hire 70 employees over five years.
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