Transport Topics
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KIRKLAND, Wash. - The combination of higher freight tonnage, near total truck utilization, the elevated age of the average fleet and strong earnings reports from carriers point to a continued strong market for new truck sales into 2016, said Preston Feight, general manager of Kenworth Truck Co.
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The Simon Cos. said it has hired Blake Rigby as chief financial officer and chief operating officer of its transportation, logistics and technology businesses.
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The trucking industry added 700 jobs in August as the unemployment rate declined to 5.1%, a level that is considered full employment, the Labor Department reported Sept. 4.
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UTi Worldwide Inc.'s fiscal 2016 second-quarter loss more than tripled to $70.6 million, or 70 cents per share, reflecting a decline in revenue and profit margin in its forwarding and other supply chain businesses.
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