Transportation and third-party logistics firm Pacer International said late Tuesday its second-quarter profit rose 10.4% to $13.8 million, or 40 cents a share, from $12.5 million, or 34 cents, a year ago.
August 5, 2008BusinessSafetyGovernment
TSA Suspends Identity Pass Program Due to Security Breach
The Transportation Security Administration said Monday it is suspending Verified Identity Pass — the company that operates Registered Traveler programs under the brand name Clear, due to a security breach.
August 5, 2008Business
Fed Holds Key Interest Rate at 2%
The Federal Reserve voted Tuesday to keep the benchmark U.S. interest rate at 2%.
August 5, 2008BusinessLogistics
Expeditors’ Second-Quarter Income Improves
Logistics firm Expeditors International of Washington said its second-quarter net income rose 9% to $71.3 million, or 32 cents a share, from $65.5 million, or 30 cents, a year ago.
August 5, 2008Business
Celadon’s 4Q, Full-Year Income Decline
Truckload carrier Celadon Group’s fiscal fourth-quarter net income fell to $2.16 million, or 10 cents per share, from $5.15 million, or 22 cents, in the same period last year.
August 5, 2008BusinessSafetyGovernment
ATRI Sets Survey to Gauge Top Issues Facing Trucking Industry
The American Transportation Research Institute said Tuesday it has launched a survey to gauge the trucking industry’s concerns over the most pressing issues facing trucking.
August 5, 2008FuelBusinessGovernment
Diesel Drops Another Dime, Falling to $4.502 a Gallon
The price of diesel fuel continued its recent decline, falling 10.1 cents to $4.502 a gallon, the lowest price in 11 weeks, the Department of Energy said Monday.
August 5, 2008BusinessSafetyGovernment
ISM Services Index Improves, But Still Shows Contraction
The U.S. economy’s service sector contracted in July for a second straight month, the Institute for Supply Management said Tuesday.
August 5, 2008GovernmentBusinessSafetyFuel
Crude Oil Falls to $118 a Barrel
Oil prices continued to plunge Tuesday, falling more than $3 in early trading to $118 a barrel as a tropical storm did minimal damage in the Gulf of Mexico and speculation that slower economic growth will curb demand, Bloomberg reported.
August 5, 2008EquipmentBusiness
FleetPride Acquires Truck & Trailer Supply
Heavy-duty truck and trailer parts aftermarket distributor FleetPride Inc. said it has acquired Truck & Trailer Supply, based in Roswell, N. Mex. Terms were not disclosed.
August 4, 2008