Saia Inc. said it lost $1.7 million in the second quarter “due to the weak shipping environment and lower yields impacted by increasingly competitive pricing pressure.â€
July 24, 2009Business, Safety, Government
Dems Still Split on Funding of Nation’s Highway Needs
WASHINGTON — Congressional Democrats continued to spar over how best to address the nation’s road transportation needs, as the Senate and House moved on opposing paths.
July 27, 2009Business, Government, Safety, Fuel
Diesel Drops 4.6¢ to $2.496 in 4th Straight Weekly Decline
U.S. retail diesel prices dropped 4.6 cents last week to $2.496 a gallon, the Department of Energy reported — the fourth straight decline — but rising crude oil costs will soon lead to a reversal of that trend, a department analyst predicted.
July 27, 2009Business, Safety, Government
Oberstar ‘Troubled’ by Wetlines Warning
House Transportation Committee Chairman James Oberstar (D-Minn.) said he was “deeply troubled†over a claim by truck safety inspectors that proposed legislation requiring the purging of flammable materials from tanker wetlines would be “difficult, if not impossible,†to enforce.
July 27, 2009Business, Government
Consumer Sentiment Index Rises in July
U.S. consumer confidence rose this month for the first time in five months, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.
July 24, 2009Business, Government
Saia Posts 2Q Loss
Government, Business, Safety
BNSF’s 2Q Income Improves Despite Lower Volume
Burlington Northern Santa Fe Corp. said its second-quarter profit improved but its revenue fell on lower overall freight demand.
July 23, 2009Business, Safety, Government, Logistics
TransForce Reports Lower 2Q Income
Canadian transportation firm TransForce Inc. said its second-quarter net income fell to C$18 million, or 21 cents a share, from C$19.3 million, or 22 cents, a year ago.
July 23, 2009Government, Business, Safety
Vitran’s Second-Quarter Profit Declines
Vitran Corp. said Thursday its second-quarter income fell to $400,000, or 3 cents a share, compared with $4.6 million, or 34 cents, a year ago.
July 23, 2009Business, Safety, Government
Knight’s 2Q Income Flat from a Year Ago
Truckload carrier Knight Transportation’s second-quarter profit was about even with a year ago at $12.6 million, or 15 cents a share, compared with last year’s $12.7 million, or 15 cents.
July 22, 2009Business, Government
Arkansas Best Reports 2Q Loss
Arkansas Best Corp. reported a second-quarter loss of $15.4 million, or 62 cents a share, compared with a profit of $16.2 million, or 63 cents, a year ago.
July 22, 2009