The Department of Transportation said Friday that South Carolina can move forward with its plans to build Interstate 73 in the state.
February 8, 2008Business
UTI Worldwide to Cut Workforce
Freight forwarder UTI Worldwide plans to cut its workforce by 7%, eliminate divisions in the Americas and Africa and restructure management in an effort to its boost its profitability, the company said Friday.
February 8, 2008BusinessGovernment
Wholesale Inventories Rise 1.1%
Wholesale inventories rose 1.1% in December, though sales fell 0.7%, the Commerce Department said Friday.
February 8, 2008BusinessSafety
Truck Fatality Figures Reach Record Lows, ATA Says
Three of the primary measures of large truck safety fell to record lows in 2006, American Trucking Associations said Friday.
February 8, 2008Business
Vitran’s Fourth-Quarter Income Declines
Vitran Corp. said Friday its fourth-quarter profit was $1.7 million, or 12 cents a share, down from $5 million, or 37 cents, a year earlier.
February 8, 2008BusinessSafetyGovernment
P.A.M. Reports Fourth-Quarter Loss
Truckload carrier P.A.M. Transportation Services said it lost $840,000, or 8 cents a share, in the fourth quarter, compared with net income of $4.3 million, or 41 cents, a year earlier.
February 8, 2008BusinessSafetyGovernment
Navteq’s Profit Jumps for Quarter, Year
Navteq Corp., a maker of maps used in transportation navigation, said its fourth-quarter profit rose to $61.9 million, or 61 cents per share, from $42.9 million, or 45 cents, a year earlier.
February 7, 2008Business
Intermodal Declines for 4Q, Year
Intermodal freight volume fell 1.6% in the fourth quarter of 2007 compared with the previous fourth quarter, the Intermodal Association of North America said.
February 7, 2008GovernmentBusiness
Wright Express’s 4Q Earnings Dip
Wright Express Corp. said it earned $4.6 million, or 11 cents a share, in the fourth quarter, down from $19 million, or 46 cents, the previous year.
February 7, 2008GovernmentBusinessSafetyLogistics
Hub Group’s Fourth-Quarter Earnings Improve
Third-party logistics company and freight broker Hub Group’s fourth-quarter profit rose 33% to a record $18 million, or 47 cents per share, up from $13.5 million, or 34 cents, a year earlier.
February 7, 2008