Transportation and third-party logistics firm Pacer International’s fourth-quarter profit slipped to $20.6 million, from $21.5 million a year ago, but per-share earnings rose to 59 cents a share, from 57 cents a year earlier.
February 12, 2008Business, Logistics
Expeditors International of Washington’s Earnings Improve
Logistics firm Expeditors International of Washington said its fourth-quarter profit rose 12% to $70.1 million, or 32 cents a share, from $62.6 million, or 26 cents, in the previous fourth quarter.
February 12, 2008Business, Safety, Government, Logistics
Pacer’s Fourth-Quarter Profit Mixed
Business, Fuel, Government
Forward Air’s Profit Edges Up in 4Q
Forward Air Corp. said its fourth-quarter profit rose to $12.4 million, or 43 cents a share, from $12.2 million, or 40 cents, a year earlier.
February 12, 2008Government, Business, Safety
GM Posts 4Q, Full-Year Loss
General Motors Corp. said Tuesday it took a fourth-quarter loss of $722 million and that it enhanced a buyout plan for its 74,000 U.S. United Auto Workers employees, Bloomberg reported.
February 12, 2008Business
Express-1’s Earnings Dip
Express-1 Expedited Solutions said Tuesday it earned $457,000, or 2 cents a share, in the fourth quarter, down from $1.6 million, or 6 cents, in the previous fourth quarter.
February 12, 2008Business, Safety
Accident Shuts Down I-84 in Conn.
A Tuesday morning truck accident that caused hydrogen gas to leak prompted a shutdown of Interstate 84 in both directions near Waterbury, Conn., the Associated Press reported.
February 12, 2008Fuel, Business, Logistics, Government
Diesel Price Unchanged at $3.28
The average national price of retail diesel fuel held at $3.28 a gallon from a week ago, the Department of Energy said Monday.
February 11, 2008Business
Old Dominion Buys Montana Carrier
Less-than-truckload carrier Old Dominion Freight Line said Monday it signed an agreement to buy a Montana trucking company. Terms were not released.
February 11, 2008Business, Government, Safety, Fuel
Letters to the Editor: Reefer Rules, Fuel Tax Increase, Left Lane ‘Ban’
Transport Topics does a service to its readership with its continuing coverage of environmental regulations, and the Jan. 21 issue is no exception.
February 11, 2008Business, Logistics
Wabash’s Profit Improves; Sales Dip
Trailer maker Wabash National Corp. said Monday its fourth-quarter profit was $5.6 million, or 18 cents a share, compared with a loss of $5 million, or 16 cents, a year ago.
February 11, 2008