Intermodal rail traffic fell 18.8% last week compared with the same week last year, the Association of American Railroads said.
July 24, 2009GovernmentBusinessSafety
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, 2009BusinessSafetyGovernmentLogistics
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, 2009BusinessTechnologyEquipmentSafety
Ryder’s Second-Quarter Income Drops
Ryder System said Thursday its second-quarter profit fell to $22.9 million, or 41 cents a share, from $62.9 million, or $1.09, a year earlier.
July 23, 2009GovernmentBusinessSafety
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, 2009BusinessSafetyGovernment
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, 2009BusinessSafetyGovernmentLogistics
C.H. Robinson’s 2Q Profit Improves
Transportation and third-party logistics firm C.H. Robinson Worldwide reported a second-quarter profit of $92 million, or 54 cents a share, up slightly from $90 million, or 52 cents a share, a year ago.
July 21, 2009BusinessTechnologyEquipmentSafety
FedEx Expands Hybrid Fleet
FedEx Corp. said it has added 92 hybrid-electric trucks to its delivery fleet, the first standard FedEx delivery trucks converted to hybrid-electric systems.
July 21, 2009BusinessTechnologyEquipmentSafety
Ericsson to Receive $5 Bln. to Run Sprint’s Networks
Sprint Nextel Corp., the third-largest U.S. wireless carrier, plans to pay Ericsson AB as much as $5 billion to manage its networks, offloading the expense of running its own systems.
July 20, 2009BusinessSafetyGovernment
I-75 Near Detroit Expected to Reopen Monday
A two-mile stretch of Interstate 75 damaged by a fiery explosion last week is expected to reopen Monday, the Detroit Free Press reported.
July 20, 2009