Freightwaves

Class 8 auction market showed little change The number of trucks sold at auction decreased mildly in December 2018, and pricing also came in somewhat lower across most models. There appeared to be less tolerance for slightly high mileage, according to the report. The average auction price of model...

The keys to UPS Inc.'s (NYSE: UPS) fastest-growing and arguably its most pivotal 21st century business have been handed to an outsider. Earlier this week, Philippe Gilbert took the reins as the first president of the company's Supply Chain and Freight operation, one of the Atlanta-...

U.S. Xpress Enterprises is selling its interest in its Mexican cross-border operation, but the company is not abandoning the Mexican market, says its CEO. Saying the US Xpress Enterprises Inc (NYSE: USX) is not leaving the Mexican market, CEO Eric Fuller told FreightWaves the decision to sell...

Industrial production rose at a solid pace to round out 2018, helped by a jump in manufacturing activity during the month. The gain in output in December rounded out the strongest year for the industrial sector since 2010, and eased fears after a string of negative releases from manufacturing. The...

Kansas City Southern (NYSE: KSU) is going down the precision railroading track. In announcing its fourth quarter 2018 earnings, KCS President and CEO Patrick Ottensmeyer said the company in 2018 "did not meet our own expectations for financial or operations performance." He added that KCS...

As we pointed out last week, December was a month of growing uncertainty and severe declines in the U.S. financial markets. Since then, equity valuations have attempted to recover, as have many commodity prices. There is an abundance of theories but nothing close to a consensus view. The ongoing...