Government
Transport Topics government and regulatory coverage keeps managers of a highly-regulated industry aware of the policy decisions that can shape their businesses. Covering both the legislative and regulatory aspects of policy-making, at both the state and national levels, the news in this category includes looks at infrastructure, hours of service, emissions rules, funding measures, leadership appointments, and more. Readers can follow what’s happening in Congress, at the Department of Transportation and the Federal Motor Carrier Administration, and in state and local governments.
Diesel Price Jumps 4.1 Cents to $2.476 a Gallon
The average national price of retail diesel fuel jumped 4.1 cents to $2.476 a gallon, the Department of Energy said Monday.
February 13, 2007Forward Air Reports Flat Fourth-Quarter Profit
Forward Air Corp., a contractor to the air cargo industry, reported its fourth-quarter net income matched the previous year’s, at $12.2 million, while earnings per share climbed to 40 cents a share from 38 cents.
February 13, 2007Expeditors International Reports Lower 4Q Profit
Logistics firm Expeditors International of Washington on Tuesday said its fourth-quarter profits fell to $62.6 million or 28 cents a share, down from $74.3 million or 34 cents a year ago.
February 13, 2007Wisconsin Gov. Wants Oil Tax to Fund Transportation Needs
Wisconsin Gov. Jim Doyle (D) has proposed a new tax on oil companies to help raise needed funds for the state’s transportation projects, the Associated Press reported Tuesday.
February 13, 2007Hub Group’s Fourth-Quarter, Full-Year Earnings Rise
Third-party logistics provider Hub Group said late Monday it earned $13.5 million or 34 cents a share in the fourth quarter, up from $10.1 million or 25 cents a share for the same quarter a year earlier.
February 12, 2007Ryder to Boost Dividend 3 Cents to 21 Cents a Share in March
Ryder System said Monday its board approved a 3-cent increase in its dividend, boosting the payout to 21 cents a share.
February 12, 2007Gasoline Prices Rise 4 Cents, Lundberg Reports
Average U.S. retail gasoline prices rose 4 cents over the past three weeks to $2.22 a gallon, according to the latest Lundberg survey of gasoline prices released Sunday.
February 12, 2007Technology Briefs — Feb. 6 - Feb. 12
UniGroup Chooses TMW for Cellphone Communications • Corning Sees Growth in Diesel-Filters Unit • Xata’s First-Quarter Loss Narrows • Intermec Postpones 4Q Earnings Release
February 12, 2007TMC Group Says Onboard Recorder Rule May Be Costly
TAMPA, Fla. — A Technology & Maintenance Council task force said several provisions of the proposed federal requirement for electronic onboard recorders need clarification, and the rule’s required data-display equipment could be a costly and ineffective expense for trucking companies.
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.
