Since monsoonal rains drenched western Colorado this summer, trucking companies have been scrambling to dig themselves out of a hole. The storms hit during the year's generally dry months, causing severe mudslides that shut down a 20-mile stretch of Interstate 70 in the Glenwood Canyon area, some 160 miles west...
CSX wants to increase manpower to increase capacity
CSX officials said late Wednesday in a third-quarter 2021 earnings conference that they have been working hard over the previous nine months to grow staff numbers so that the Eastern U.S. railroad can fulfill current and future capacity needs. "It's evident that we're in a bind. This quarter was busier...
Although USX’s third quarter was disappointing, analysts tend to be sympathetic to the CEO’s long-term outlook
Analysts’ reaction to US Xpress's third-quarter earnings brings to mind a term that CEO Eric Fuller frequently uses: inflection point. After quarterly earnings, Fuller spoke mainly about the future that traditional measures could only describe dismal, especially as numerous other freight businesses are reporting stellar results. And Wall Street analysts...