Transportation and third-party logistics firm Pacer International said late Tuesday its second-quarter profit rose 10.4% to $13.8 million, or 40 cents a share, from $12.5 million, or 34 cents, a year ago.
August 5, 2008Government, Business, Safety
Oil Rises to $120 in Early Trading
Oil prices rose to $120 a barrel in early trading Wednesday, a day after falling more than $2 to below that level, Bloomberg reported.
August 6, 2008Business, Safety, Government, Logistics
Bush Orders Expedited Columbia River Crossing in Pacific Northwest
The Columbia River Crossing between Portland, Ore., and Vancouver, Wash., has received national priority status from the White House to expedite the project, the U.S. Department of Transportation said late Tuesday.
August 5, 2008Government, Business, Safety, Logistics
Pacer’s 2Q Income Improves
Business, Safety, Government
TSA Suspends Identity Pass Program Due to Security Breach
The Transportation Security Administration said Monday it is suspending Verified Identity Pass — the company that operates Registered Traveler programs under the brand name Clear, due to a security breach.
August 5, 2008Business, Safety, Government
ATRI Sets Survey to Gauge Top Issues Facing Trucking Industry
The American Transportation Research Institute said Tuesday it has launched a survey to gauge the trucking industry’s concerns over the most pressing issues facing trucking.
August 5, 2008Fuel, Business, Government
Diesel Drops Another Dime, Falling to $4.502 a Gallon
The price of diesel fuel continued its recent decline, falling 10.1 cents to $4.502 a gallon, the lowest price in 11 weeks, the Department of Energy said Monday.
August 5, 2008Business, Safety, Government
ISM Services Index Improves, But Still Shows Contraction
The U.S. economy’s service sector contracted in July for a second straight month, the Institute for Supply Management said Tuesday.
August 5, 2008Government, Business, Safety, Fuel
Crude Oil Falls to $118 a Barrel
Oil prices continued to plunge Tuesday, falling more than $3 in early trading to $118 a barrel as a tropical storm did minimal damage in the Gulf of Mexico and speculation that slower economic growth will curb demand, Bloomberg reported.
August 5, 2008Business, Fuel, Technology, Equipment, Safety, Government
Volvo Offers Bendix Air Disc Brakes on Heavy Trucks
Volvo Trucks North America said Monday it is now offering Bendix heavy-duty air disc brakes on Volvo VN and VT model trucks.
August 4, 2008Business, Safety, Government
DOT To Extend Mexican Truck Program for 2 Years
The Department of Transportation said Monday it plans to continue a program to allow Mexican trucks into the United States for two years — just days after a House Committee passed a measure to end the program next month.
August 4, 2008