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, 2008BusinessSafetyGovernmentFuel
Letters to the Editor: Op-Ed Responses, No to Bigger Trucks, Highway Funding, Slow-Pay Blues, Saving on Fuel
In an injury crash, a drug and alcohol test is required only if the driver receives a citation and the injury is treated immediately, away from the scene of the accident.
August 6, 2008BusinessSafetyGovernment
Xata’s Third-Quarter Loss Narrows
Transportation software firm Xata Corp. said Wednesday it lost $712,000, or 8 cents a share, in its fiscal third quarter, compared with a loss of $1.6 million, or 21 cents, a year ago.
August 6, 2008GovernmentBusinessSafety
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, 2008BusinessSafetyGovernmentLogistics
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, 2008BusinessSafetyGovernment
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, 2008BusinessSafetyGovernment
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, 2008FuelBusinessGovernment
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, 2008BusinessSafetyGovernment
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, 2008GovernmentBusinessSafetyFuel
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, 2008