Express-1 Reports Lower 3Q Income
Express-1 Expedited Solutions earned $811,000, or 3 cents per share, in the third quarter, down from $1.2 million, or 4 cents, a year ago.
November 12, 2009DOT Freight Transportation Index Falls 9.9%
The Department of Transportation’s freight transportation services index fell in September from the previous year, DOT said Thursday.
November 12, 2009Intermodal Traffic Falls 16.4% in 3Q
Intermodal traffic volume fell 16.4% in the third quarter, an improvement over the second quarter’s decline of 18.7%, the Intermodal Association of North American said Thursday.
November 12, 2009FedEx Says IRS Won’t Require Some Employment Taxes
FedEx Corp. said the federal government will not require it to pay employment taxes for contract drivers in its ground-delivery unit for 2004 through 2006, supporting its assertion that they should not be treated as employees, Bloomberg reported.
November 12, 2009Initial Jobless Claims Fall to 10-Month Low
Initial jobless claims fell by 12,000 last week to 502,000, the Labor Department said Thursday.
November 12, 2009Oil Rises to Near $80 a Barrel
Oil rose slightly Wednesday but held below $80 a barrel on the New York Mercantile Exchange, Bloomberg reported.
November 11, 2009Trailer Bridge’s Third-Quarter Income Improves
Trailer Bridge Inc.’s third -quarter profit rose to $1.7 million, or 14 cents per share, from $34,000, or zero cents, a year ago.
November 11, 2009Oshkosh Gets $438 Million Contract for 1,000 Trucks
Oshkosh Corp. won a $438 million contract from the U.S. military for an additional 1,000 blast-proof trucks, giving the company contracts to build 6,219 of the vehicles destined for U.S. troops in Afghanistan, Bloomberg reported Wednesday.
November 11, 2009ATA Challenging D.C. Truck Rules
American Trucking Associations and two state ATA affiliates, Maryland and Virginia, are taking issue with the District of Columbia’s new thrust on truck lengths and credential requirements.
November 10, 2009House Panel to Hold Wetlines Hearing Monday in Baltimore
The chairwoman of a House subcommittee has scheduled a field hearing Monday in Baltimore on a controversial House bill that would prohibit the transportation of flammable liquids in unprotected product piping on both existing and newly-manufactured cargo tank trucks.
November 10, 2009