Transportation and third-party logistics firm Pacer International’s first-quarter net income plunged 41% to $14.4 million or 15 cents a share, from $24.4 million or 36 cents a year ago.
May 4, 2007Business
Letter to the Editor: Supplying Urea
May 7, 2007
BusinessSafety
March Truck Tonnage Rises 1.6%
After dropping for eight straight months, freight volumes rose 1.6% in March, American Trucking Associations said in a preliminary report.
May 7, 2007GovernmentBusinessSafetyFuel
Freightliner Sets New ‘Cascadia’ Truck
CHARLOTTE, N.C. — Freightliner Trucks last week introduced a new heavy-duty over-the-road truck called “Cascadia†it said improves fuel efficiency by 3%.
May 7, 2007BusinessGovernmentAutonomous
House Panel Imposes New Border Limits
A House panel moved to put new limits on the Bush administration’s plans to open the U.S. border to Mexican trucks, and the panel’s chairman warned DOT not to go forward with its plans.
May 7, 2007BusinessGovernmentSafetyFuel
Diesel Declines 4¢ to $2.811
Diesel fuel fell 4 cents a gallon to $2.811 last week, its second straight decline, while the gasoline average posted its largest gain in just over a year, the Energy Department said.
May 7, 2007GovernmentBusinessLogistics
U.S. Firm Buying Canada Cartage
A U.S. private-equity firm will buy trucking company Canada Cartage for C$140 million, the Canadian Press reported Friday.
May 4, 2007Business
Payrolls Rise Less Than Forecast; Unemployment Rate Rises to 4.5%
U.S. payrolls rose by 88,000 in April and the unemployment rate rose to 4.5% from 4.4% in March, the Labor Department said Friday.
May 4, 2007BusinessSafetyGovernment
YRC Names USF Glen Moore CEO
YRC Regional Transportation said Thursday it named Gary Pruden president and chief executive officer of its USF Glen Moore unit.
May 4, 2007Business
Oshkosh Reports Higher Profit
Specialty truck maker Oshkosh Truck Corp.’s fiscal second-quarter profit rose to $50.9 million or 68 cents a share, from $49.8 million or 67 cents a year ago.
May 4, 2007