Transportation and third-party logistics firm Pacer International said it lost $7.3 million, or 21 cents per share, compared with a profit of $13.4 million, or 39 cents, a year earlier.
August 6, 2009GovernmentBusinessSafety
Quality Reports $186 Million 2Q Loss
Tank truck carrier Quality Distribution reported a second-quarter loss of $186.2 million, or $9.58 per share, compared to income of $400,000, or 2 cents, a year ago.
August 5, 2009BusinessSafetyGovernment
Evergreen Files for Chapter 11 Bankruptcy
Evergreen Transportation has filed for Chapter 11 bankruptcy protection, the truckload carrier said in a statement on its Web site.
August 5, 2009BusinessSafetyGovernment
ISM Services Index Slips in July
The U.S. economy’s service sector showed a downturn in activity last month, the Institute for Supply Management said Wednesday.
August 5, 2009BusinessSafetyGovernment
Xata Loss Narrows in Third Quarter
Transportation software firm Xata Corp. said Wednesday it lost $62,000, or 1 cent per share, in its fiscal third quarter, compared with a loss of $712,000, or 8 cents, a year ago.
August 5, 2009BusinessSafetyGovernment
DOT to Host September Summit on Texting and Driving
The Department of Transportation will convene a September summit to come up with a plan to deal with the issue of texting while driving, DOT said Tuesday.
August 4, 2009BusinessSafetyGovernment
ISM Manufacturing Index Gains in July
Manufacturing activity improved in July and shrank at the slowest pace in nearly a year, the Institute for Supply Management said Monday.
August 3, 2009BusinessGovernmentSafety
Daimler Training Dealers on Finance, Insurance Sales
Daimler Truck Financial said Monday it is providing heavy- and medium-duty truck dealers with a training program on selling finance and insurance products to its customers.
August 3, 2009BusinessSafetyGovernment
GAO Cites Concerns On Bus, Truck Companies Operating Illegally
A number of trucking and bus companies have been ordered shut down for violating federal safety rules and staying in business under different names, the Associated Press reported, citing a government study.
August 3, 2009BusinessGovernmentSafety
House Bill Would Give Tax Credit for APUs
A bill introduced in the House of Representatives would provide up to $3,000 in tax credit for fleets to purchase auxiliary power units.
August 3, 2009