Swift Transportation Co.’s first-quarter profit fell 74% because of a pending buyout, bad weather, higher fuel costs and lower demand.April 19, 2007
Transportation businesses face a host of dynamic risk issues that can significantly impact their financial and operational health. The news in this category focuses on the latest safety and security initiatives, resources and regulations and addresses topics that include fleet safety, claims administration, driver hiring and retention, risk management and compliance.
The Intermodal Association of North America believes that its position on the Federal Motor Carrier Safety Administration’s proposed rule on intermodal chassis safety was mischaracterized in an April 9 story on p. 4.April 23, 2007
DaimlerChrysler AG expects U.S. sales of heavy-duty trucks to recover to last year’s level by 2009 after falling more than 40% this year, Bloomberg reported.April 23, 2007
On Topic: By Bruce Harmon, Managing Editor, Transport TopicsApril 23, 2007
The ports of Los Angeles and Long Beach said they would ban the oldest drayage trucks from doing business at their terminals.April 23, 2007
Heavy equipment and diesel engine manufacturer Caterpillar Inc. said Friday that its first-quarter net income dipped 3% to $816 million, from a record $840 million a year ago.April 20, 2007
Truckload carrier Landstar System said Thursday its first-quarter net income fell to $21.6 million or 38 cents a share, from $24.4 million or 41 cents a year ago.April 19, 2007
Truckload carrier Knight Transportation said its first-quarter profit rose 5% to $16.6 million or 19 cents a share, from $15.8 million or 18 cents a year ago.April 19, 2007
Rail carload freight rose modestly but intermodal traffic continued a downward trend last week, falling 3.6% compared with a year ago, the Association of American Railroads said Thursday.April 19, 2007
This Opinion piece appears in the April 16 print edition of Transport Topics. Click here to subscribe today.
By Fletcher R. Hall, Executive DirectorApril 18, 2007