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, 2009Search
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Oberstar 鈥楾roubled鈥 by Wetlines Warning
House Transportation Committee Chairman James Oberstar (D-Minn.) said he was 鈥渄eeply troubled鈥 over a claim by truck safety inspectors that proposed legislation requiring the purging of flammable materials from tanker wetlines would be 鈥渄ifficult, if not impossible,鈥 to enforce.
July 27, 2009Senators Address 3 DOT Nominations
The Senate Commerce, Science and Transportation Committee advanced the nominations of several other key administration officials to the full Senate on July 21, including the nomination of Deborah Hersman to lead the National Transportation Safety Board.
July 27, 2009Standards Body Passes on 鈥楬ot鈥 Fuel Rule
Trucking groups hailed the decision by the National Conference on Weights and Measures not to proceed with proposals to regulate the temperature of retail fuel at the pump.
July 27, 2009Diesel Drops 4.6垄 to $2.496 in 4th Straight Weekly Decline
U.S. retail diesel prices dropped 4.6 cents last week to $2.496 a gallon, the Department of Energy reported 鈥 the fourth straight decline 鈥 but rising crude oil costs will soon lead to a reversal of that trend, a department analyst predicted.
July 27, 2009Vitran鈥檚 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, 2009BNSF鈥檚 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, 2009TransForce 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, 2009Intermodal, Rail Traffic Continue to Decline
Intermodal rail traffic fell 18.8% last week compared with the same week last year, the Association of American Railroads said.
July 24, 2009Knight鈥檚 2Q Income Flat from a Year Ago
Truckload carrier Knight Transportation鈥檚 second-quarter profit was about even with a year ago at $12.6 million, or 15 cents a share, compared with last year鈥檚 $12.7 million, or 15 cents.
July 22, 2009