LTL Earnings Sag in 3Q; Carriers See Weaker Demand
Publicly traded less-than-truckload carriers generally posted lower earnings in the third quarter, with several fleets warning that freight volumes would get worse as the fourth quarter unfolds.
October 27, 2008Daily Briefings from Transport Topics
Transport Topics has partnered with Spoken Layer to make one-minute daily briefings available on all your smart devices. Simply say “Alexa, play Transport Topics” or “Okay Google, talk to Transport Topics” to get the day’s biggest trucking headlines.
Justice Department Backs ATA in Effort to Block Ports’ Plans
The U.S. Department of Justice last week backed American Trucking Associations’ attempt to block concession requirements included in the clean-trucks plans adopted by the Ports of Los Angeles and Long Beach, Calif.
October 27, 2008DOT Sets $679 Million for Road Repairs
The Department of Transportation is making $679 million available to states to cover costs incurred to repair roads and bridges damaged by “a variety of natural emergencies and catastrophic events.”
October 24, 2008Intermodal Traffic Declines for Week
Rail and intermodal traffic declined last week compared with the same week a year ago, the Association of American Railroads said.
October 24, 2008Knight Reports Higher 3Q Earnings
Truckload carrier Knight Transportation’s third-quarter profit rose to $16.1 million, or 19 cents a share, from $14.5 million, or 17 cents, a year ago.
October 22, 2008Rush Enterprises’ 3Q Earnings Fall
Truck dealership Rush Enterprises’ third-quarter net income fell to $8 million, or 21 cents a share, down from $13.1 million, or 34 cents, a year ago.
October 22, 2008View of Safety Technology Must Change Before Use Grows, Fleet Executives Say
NEW ORLEANS — Fleet executives said that despite the benefits of using safety technology, attitudes within the industry need to change in order to have wider acceptance.
October 22, 2008Justice Dept. Files Brief Supporting ATA on SoCal Ports
The Justice Department filed an amicus brief in support of American Trucking Associations’ challenge to the Ports of Los Angeles and Long Beach’s port concession plans.
October 22, 2008Ryder’s 3Q Earnings Improve
Ryder System Wednesday reported third-quarter earnings of $70.2 million, or $1.25 per share, up from $65.5 million, or $1.11, a year ago.
October 22, 2008Iteris’ Income Falls for Fiscal 2Q
Iteris Inc., which makes lane-departure warning systems for the trucking industry, said late Tuesday its fiscal second-quarter profit decreased from a year ago.
October 21, 2008