Transport Topics
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Several truckload carriers reported earnings Oct. 20, with two U.S. companies posting profits that fell double-digits from a year ago and another eking out a small improvement for the third quarter.
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Shell Chemicals Co. will operate a laydown yard in Aliquippa, Pennsylvania, to store materials for the construction of its ethane cracker plant, but two local officials are concerned about the route those trucks could take to get to the facility.
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Consolidated Fastfrate will expand operations in western Canada, spending $10 million to purchase a facility in Edmonton, Alberta, $1.5 million to expand a building in Winnipeg, Manitoba, and $5.5 million to add more than 238 intermodal chassis.
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Volvo Group reported third-quarter earnings and sales fell amid excessive Class 8 inventory in North America as orders and sales both dropped by more than 30%, compared with a very strong market in 2015.
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