Tank truck carrier Quality Distribution reported a first-quarter loss of $300,000, or 2 cents a share, compared with a loss of $1.9 million, or 10 cents, a year ago.
May 8, 2009BusinessGovernmentSafety
Senate to Consider Stiffer Rail Competition Rules
Freight railroads are facing their stiffest legislative challenge in three decades, as a bill that would make the first changes to the industry’s competitive environment since 1980 is slated for a Senate vote in a matter of weeks.
May 11, 2009GovernmentBusinessFuel
Diesel Price Dips 1.6¢ to $2.185
The average price of retail diesel in the United States slipped another 1.6 cents last week to $2.185 a gallon, the Department of Energy reported, even as crude oil hit a five-month high.
May 11, 2009BusinessSafetyGovernment
Study Finds Green Benefits from Using Larger Trucks
NASHVILLE, Tenn. — Larger, heavier trucks would not be just an economic boost, but also a means of cutting annual petroleum usage by billions of gallons and sharply reducing greenhouse gases, a university researcher told a gathering of shippers here.
May 11, 2009GovernmentBusinessSafetyFuel
Proposal Would Boost Biofuels, Set Emission-Reduction Targets
The Obama administration last week issued a renewable fuel standard proposal aimed at growing the supply of biofuels and for the first time requiring them to meet emission-reduction targets.
May 11, 2009Business
Unemployment Rate Rises to 8.9% in April
The U.S. unemployment rate rose to 8.9% in April from 8.5% in March, but the pace of job cuts slowed, the Labor Department said Friday.
May 8, 2009BusinessSafety
Intermodal, Rail Traffic Fall for Week, Month
Intermodal rail traffic fell 16.8% for the week ended Saturday, compared with the same week last year, the Association of American Railroads said.
May 8, 2009BusinessLogistics
Opinion: To Survive a Tough Economy — Focus
A shroud of insecurity continues to linger on the U.S. economy, with many trucking and logistics providers tending to the wounds of 2008 and preparing for the uncertainty still looming over the rest of 2009.
May 8, 2009GovernmentBusinessSafetyLogistics
Pacer Takes $177 Million First-Quarter Loss
Transportation and third-party logistics firm Pacer International reported a first-quarter loss of $177.4 million, or $5.11 per share, compared with a profit of $13.4 million, or 38 cents, a year earlier.
May 7, 2009BusinessLogistics
Expeditors’ 1Q Profit Drops 11%
Logistics firm Expeditors International of Washington’s first-quarter net income fell 11% to $59.3 million, or 27 cents a share, from $66.5 million, or 30 cents, a year ago.
May 7, 2009