Transportation and third-party logistics firm Pacer International said late Wednesday it took a fourth-quarter loss of $65.1 million, or $1.87 a share, compared with a profit of $20.6 million, or 59 cents, a year earlier.
February 11, 2009Transportation Compliance News
Transport Topics government and regulatory coverage keeps managers of a highly-regulated industry aware of the policy decisions that can shape their businesses. Covering both the legislative and regulatory aspects of policy-making, at both the state and national levels, the news in this category includes looks at infrastructure, hours of service, emissions rules, funding measures, leadership appointments, and more. Readers can follow whatās happening in Congress, at the Department of Transportation and the Federal Motor Carrier Administration, and in state and local governments.
Fleet Execs Confront Dealers on Padded Bills, Estimates
ORLANDO, Fla. ā Fleet executives complained bluntly about what they said were padded bills for repair services, unreliable estimates and failures by service operators to offer realistic completion times.
February 16, 2009Less-Than-Truckload Pricing Fades in 4Q
Less-than-truckload pricing dwindled during the fourth quarter, contributing to an increase in operating ratios toward the break-even point, according to a survey of results from publicly traded companies.
February 16, 2009Knight Praises Truckingās āGreenā Measures
ORLANDO, Fla. ā Kevin Knight, chief executive officer of Knight Transportation, touted truckingās efforts in recent years to become more environmentally friendly, and said the industry should work to improve its green message to the public.
February 16, 2009Postal Service, UPS Team Up to Make Online Returns Easier
UPS Inc. and the U.S. Postal Service have agreed to work together to make it easier for consumers to return goods purchased online, a move that more closely aligns the nationās mail delivery system with the largest commercial package carrier.
February 16, 2009Oil Drops Below $34 a Barrel
Oil prices fell to near a five-year low Thursday, dropping almost $2 to below $34 a barrel as inventories rose to a seven-year high, Bloomberg reported.
February 12, 2009Opinion: Choosing Truck-Driving Instructors
Last January, our company launched an āinstructor-of-the monthā program. We began by inviting directors of truck-driver training programs to nominate individuals, and then we interviewed the winning instructors.
February 12, 2009Consumer Confidence Index Declines
U.S. consumer confidence declined this month, according to the Reuters/University of Michiganās final monthly consumer sentiment index released Thursday.
February 12, 2009Retail Sales Rise 1% in January
Retail sales rose 1% in January, halting a six-month slide, the Commerce Department said Thursday.
February 12, 2009Business Inventories See Largest Decline Since 2001
Business inventories fell 1.3% in December, the fourth consecutive month of decline and the largest drop since 2001, the Commerce Department said Thursday.
February 12, 2009Pacer Reports Loss for 4Q, Year
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