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.
Transportation and logistics firm C.H. Robinson Worldwide said its first-quarter net income jumped 25.6% to $73 million or 42 cents a share, up from $58.1 million or 33 cents a year ago.April 24, 2007
Tire maker Michelin & Cie. said its first-quarter sales rose 5.5% on higher prices and demand from truck makers, Bloomberg reported.April 24, 2007
The national average price of retail diesel fuel fell for the first time in a month, dropping 2.6 cents to $2.851 a gallon, the Energy Department said Monday.April 24, 2007
Trucking companies are concerned that new emissions rules in effect this year are hurting mileage and their bottom lines, the Wall Street Journal reported Tuesday.April 24, 2007
Canadian transportation firm TransForce Income Fund said Tuesday it earned C$20.9 million or 24 cents a share in the first quarter, down from C$22.1 million or 27 cents a year earlier.April 24, 2007
Forward Air Corp., a contractor to the air cargo industry, said its first-quarter profit slipped by 6% to $10.3 million or 34 cents a share, from $11 million or 35 cents a year ago.April 24, 2007
Existing home sales fell to a four-year low and consumer confidence declined to an eight-month low, two groups reported Tuesday.April 24, 2007
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April 23, 2007
Gasoline prices rose more than 8 cents across the country in the past two weeks to $2.87 a gallon, according to the latest Lundberg Survey of filling stations.April 23, 2007
By Andrea Fischer, Staff Reporter
This story appears in the April 23 print edition of Transport Topics. Click here to subscribe today.April 23, 2007