Jacksonville, Fla.-based Landstar System, Inc. reported record first quarter revenues of $780.9 million for the first quarter of 2016.
The Thomasville, N.C.-based less-than-truckload carrier surpassed analyst expectations, posting earnings per share of $0.80 for the quarter.
The Atlanta-based parcel giant reported increased revenues in all of its business segments, and surpassed analyst expectations with an earnings per share of $1.32 for the quarter.
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Furie Operating Alaska has agreed to pay $10 million for transporting an oil rig from the Gulf of Mexico to Alaska on a foreign-flag ship.
Federal Maritime Commission Acting Chairman Michael Khouri said he is committed to eliminating rules that are outdated or impede the efficient operation of business.
Rep. John Delaney, R-Md., this week filed two bipartisan bills that would fund the rebuilding of ailing U.S. transportation infrastructure with revenues from a one-time bond sale to U.S. corporations and long-term international tax reform.