Government
Business, Government

Lack of Holiday Shipping Surge Depresses 4Q Truckload Profits

Profits fell at major public truckload carriers in the fourth quarter, as declining demand for freight carriage more than eliminated the benefit of declining diesel prices, which are now lower than a year earlier.

Jonathan S. Reiskin | Associate News Editor
February 9, 2007
Business, Fuel, Government, Autonomous

Letters to the Editor: Hybrid Trucks, Diesel vs. Gasoline

Click here to write a Letter to the Editor. Undoubtedly, there is a need to pursue alternatives to decrease fuel consumption, lower our dependency on fossil fuels, promote cleaner air and reduce CO2 emissions.

February 9, 2007
Business, Government, Safety, Autonomous

ATA Petitions FMCSA for Employer Notification

American Trucking Associations has filed a petition with the Federal Motor Carrier Safety Administration last week seeking amendments to rules regarding employer notification and drivers.

Transport Topics
February 9, 2007
Business, Safety, Government, Logistics

Vitran’s 4Q Income Flat; Company Reports Record Year

Toronto-based transportation and logistics firm Vitran Corp.’s fourth-quarter profit was $5 million or 37 cents a share, compared with $5 million or 39 cents a year earlier.

Transport Topics
February 8, 2007
Business, Safety, Government, Logistics

Pacer’s Fourth-Quarter Income Rises; Revenue Dips

Transportation and third-party logistics firm Pacer International’s fourth-quarter net income rose to $21.5 million or 57 cents a share, from $20.4 million or 54 cents a year earlier.

Transport Topics
February 8, 2007
Business, Government

Wholesale Inventories Unexpectedly Drop in December

Wholesale inventories fell 0.5% in December, the most since May 2003, as sales surged, the Commerce Department reported Thursday.

Transport Topics
February 8, 2007
Business, Safety, Government

P.A.M. Reports Flat 4Q; Income, Revenue Rise for Year

Truckload carrier P.A.M. Transportation Services said Wednesday it earned $4.3 million or 41 cents a share for the fourth quarter, the same as its previous fourth quarter earnings.

Transport Topics
February 7, 2007
Business, Government, Logistics

CSX Plans $8 Mln. Upgrade of Charlotte, N.C., Intermodal Terminal

Eastern freight railroad CSX Corp.’s intermodal unit plans to invest about $8 million to expand its Charlotte, N.C., terminal, the company said Wednesday.

Transport Topics
February 7, 2007
Business, Safety, Government, Logistics

Company Withdraws from $1.2 Billion Buyout Plan of EGL

Transportation and logistics firm EGL Inc. said Wednesday that the private firm set to buy the bulk of EGL’s stock and take the company private pulled out of the $1.2 billion deal, citing concerns about EGL’s impending 2006 earnings report.

Transport Topics
February 7, 2007
Business, Government, Safety

Truckers Seen Supportive of SoCal Ports’ OffPeak Program

A growing number of truckers report higher earnings since the ports of Long Beach and Los Angeles instituted their OffPeak program July 2005, the program’s sponsors said.

Transport Topics
February 7, 2007

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