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Business

Velocity Express Reports Fiscal 3Q Loss

Velocity Express Corp. reported it lost $13.7 million, or $3.73 a share, in its fiscal third quarter, compared with a loss of $10.6 million, or $3.78, a year earlier.

May 13, 2009
Business, Safety, Government

DOT Freight Index Falls 6.5% in March

Tom Biery/Trans Pixs

The Department of Transportation said its freight transportation services index fell 6.5% in March from a year earlier to its lowest level in more than six years.

May 13, 2009
Business

WebTech Wireless Reports First-Quarter Profit

WebTech Wireless, a supplier of GPS location-based and fleet telematics services, reported a profit of $115,000, or zero cents per share for the fiscal quarter ended March 31, compared with a loss of $1.95 million, or 3 cents per share, in the same quarter last year.

May 13, 2009
Business, Logistics, Government

Livingston Reports 1Q Loss

Canadian customs broker and logistics firm Livingston International Income Fund posted a loss of C$17.3 million in the first quarter of 2009, or 64 cents per unit, compared with a profit of C$8.2 million, or 30 cents, the year before.

May 13, 2009
Business, Government

Retail Sales Fall 0.4%, Commerce Says

Retail sales fell 0.4% in April, the Commerce Department said Wednesday.

May 13, 2009
Business, Government

Import Prices Rise 1.6% on Higher Oil

The price of goods imported to the United States rose for a second straight month in April as oil prices increased, the Labor Department said Wednesday.

May 13, 2009
Business, Safety, Government, Logistics

ATA Recognizes National Transportation Week

American Trucking Associations said Wednesday it celebrating National Transportation Week by bringing trucking industry outreach programs to public events around the country.

May 13, 2009
Fuel, Business

Diesel to Average $2.26 This Year, DOE Says

Tom Biery/Trans Pixs

The Energy Department said diesel fuel will average $2.26 a gallon this year, down 4 cents from a previous forecast and well below the $3.80 average of last year.

May 13, 2009
Business

Tank Truck Operators Urged to Prepare for Future Freight Demand

Tom Biery/Trans Pixs

SAN DIEGO — The nation’s tank truck operators meeting here were encouraged to take advantage of the current economic downturn to prepare for the future, when increasing freight demand will put great stresses on the fleets that survive the harsh times.

May 12, 2009
Business

Intermodal Traffic Sees Record Quarterly Drops

Intermodal international container volume fell 22.7% in the first quarter, the eighth straight quarterly decline, the Intermodal Association of North America reported.

May 12, 2009

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