Intermodal rail traffic in the United States fell 16.1% last week compared with the same week last year, the Association of American Railroads said.
August 7, 2009BusinessGovernmentSafetyEquipment
ArvinMeritor Posts $162 Million Quarterly Loss
Manufacturer ArvinMeritor Inc. said it lost $162 million in the April-to-June quarter, while also announcing last week it has found a buyer for its light-vehicle wheels business and has stepped up its marketing effort for truck disc and drum brakes ahead of the government’s new truck stopping-distance rule.
August 10, 2009BusinessGovernmentSafetyFuel
SCR Engines May Emit Toxins, CARB Staffer’s Letter Warns
The selective catalytic reduction process that most engine manufacturers will use to comply with 2010 federal diesel emission standards could emit toxic byproducts, the California Air Resources Board’s top researcher wrote in a recent letter filed in federal court by Navistar Inc.
August 10, 2009BusinessGovernmentSafety
Opinion: Trucking and Lease Accounting Changes
The Financial Accounting Standards Board and its sister organization are working jointly on reviewing changes to the current U.S. Financial Accounting Standards 13 and International Accounting Standards 17 for leasing.
August 7, 2009BusinessSafetyGovernmentLogistics
Pacer Reports Second-Quarter Loss
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, 2009