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.
Sysco’s Fiscal Second-Quarter Net Income Rises
Food-services provider Sysco Corp. said Monday its fiscal second-quarter net income rose 16% to $236.7 million or 38 cents a share, from $204.2 million or 33 cents a year earlier.
January 29, 2007Technology Briefs — Jan. 23 - Jan. 29
Prophesy Says Software Sales Increased 40% • Altfuels Face Difficult Economics, Journal Says • Horizon to Use RFID for Alaska Shipments
January 29, 2007Truck Tonnage Index Rebounds in December, Rising 3.9%
American Trucking Associations’ advanced seasonally adjusted truck tonnage index jumped 3.9% in December, following a 3.6% downturn in November.
January 26, 2007I-90 Reopened in Pennsylvania After 50-Vehicle Crash
State police said wreckage from a 50-vehicle chain-reaction crash was cleared and a 10-mile stretch of Interstate 90 east of Erie, Pa., was reopened shortly after 3 a.m. local time following a big snowstorm, the Associated Press reported.
January 26, 2007Swift Reports Lower 4Q Earnings; Full-Year Profit Rises
Truckload carrier Swift Transportation Co. said late Wednesday its fourth-quarter profit fell from a year earlier due to a “soft freight environment.”
January 25, 2007Ford Posts Big Losses for Fourth Quarter, Full Year
Ford Motor Co. lost $5.8 billion in the fourth quarter amid slumping sales and huge restructuring costs, pushing the No. 2 U.S. automaker’s s loss for the year to $12.7 billion, the largest in its 103-year history, the Associated Press reported.
January 25, 2007Knight Reports Record Fourth-Quarter, ’06 Income, Revenue
Truckload carrier Knight Transportation said late Wednesday that its revenue and income for the fourth quarter and full-year 2006 reached records.
January 24, 2007Arkansas Best Corp.’s Fourth-Quarter, Full-Year Income Decline
Arkansas Best Corp.’s fourth-quarter net income fell to $14.2 million or 56 cents a share, from $30.2 million or $1.20 a year earlier, the company said Wednesday.
January 24, 2007President Pushes Ethanol, Biodiesel in State of Union Address
President Bush outlined an energy plan Tuesday that would boost the use of alternate fuels such as ethanol and biodiesel, and would seek a 20% reduction in gasoline use in the next 10 years, news services reported.
January 24, 2007Canadian National Reports Higher 4Q Income, Boosts Dividend
Canadian freight railroad Canadian National Railway Co. reported its fourth-quarter net income rose 16% to C$499 million, with earnings-per-share rising to 95 cents.
January 24, 2007