The Department of Transportation said it will delay its plan to allow Mexican trucks into the United States until U.S. trucks are allowed into Mexico, and that it will take public comments on the program this month.
May 1, 2007BusinessSafetyGovernment
Total Settles Exel Suit for $10 Million
Exel Transportation Services said it had settled its suit again Total Transportation Services, with Total paying Exel $10 million after Exel alleged unlawful access to trade secrets and other confidential and proprietary information.
May 2, 2007FuelBusiness
Diesel Falls 4¢ to $2.811; Gas Jumps 10.2¢ to $2.971
Retail diesel fuel fell 4 cents to $2.811 a gallon in a second straight weekly decline, while gasoline soared, the Department of Energy said Monday.
May 1, 2007GovernmentBusinessSafety
Truckers Find Rest Stops in Short Supply, Journal Says
Truckers around the country are having difficulty finding rest stops at which to park, and parking spots close to cities are especially hard to find, the Wall Street Journal reported Tuesday.
May 1, 2007BusinessEquipment
ArvinMeritor Posts 2Q Loss
Components maker ArvinMeritor Inc. said Tuesday it lost $94 million or $1.34 per share for its fiscal second quarter, compared with earning $45 million or 65 cents a year ago.
May 1, 2007BusinessSafetyGovernment
April ISM Factory Index Gains
The Institute for Supply Management’s April manufacturing index rose at the fastest pace in almost a year, ISM said Tuesday.
May 1, 2007BusinessLogistics
Wabash Sees 1Q Income Drop
Trailer maker Wabash National Corp. reported first-quarter net income of $1 million or 3 cents a share, down from $4.3 million or 13 cents a year earlier.
May 1, 2007GovernmentBusinessSafetyLogistics
Contrans’ 1Q Income Dips
Canadian firm Contrans Income Fund’s first-quarter income dropped to C$8.1 million or 28 cents a unit, from C$9.7 million or 34 cents a year ago.
May 1, 2007BusinessSafetyGovernment
Calif. Crash Could Stall Port Traffic
A fiery explosion from a gasoline tanker crash in Oakland, Calif., over the weekend shut down parts of a major freeway and will pose transport problems for freight coming out of the busy Port of Oakland, news reports said.
April 30, 2007