Truck tonnage in June rose 5.4% from a year earlier, the eighth consecutive year-over-year increase, and the largest year-over-year gain since January 2005, American Trucking Associations said.
July 29, 2008Search
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Covenant Reports 2Q Earnings
Covenant Transportation Group said late Tuesday it lost $2.3 million,
or 17 cents a share, in the second quarter, compared with a loss of
$11.3 million, or 80 cents, a year ago.
Covenant Reports 2Q Earnings
Covenant Transportation Group said late Tuesday it lost $2.3 million,
or 17 cents a share, in the second quarter, compared with a loss of
$11.3 million, or 80 cents, a year ago.
Kemp Promoted to President, COO of ABF Freight
Wesley Kemp was appointed president and chief operating officer of
less-than-truckload carrier ABF Freight System, the company said.
EPA Postpones Decision on Texas Request To Cut National Renewable Fuel Mandate
The Environmental Protection Agency postponed until early August its decision on whether to grant a request from Texas to cut the national renewable fuels mandate in half, citing the huge number of comments EPA has received on the issue, which has pitted livestock growers against grain producers.
July 28, 2008Intermodal Volumes Fall for Week
Overall rail freight volumes rose for the week ended July 19, but
intermodal traffic declined from year-ago levels, the Association of
American Railroads said.
Profits Decline at Most LTLs As Surcharges Lag Fuel Hikes
Most public less-than-truckload companies’ second-quarter profits fell
as fleets were pounded by record diesel prices and flagging economic
demand, but some executives said they thought the overall pricing
environment had improved, or at least stabilized.
GAO Claims Many Truckers Skirt DOT Health Regulations
WASHINGTON — The Government Accountability Office said last week that hundreds of thousands of truck drivers with potentially serious medical conditions are being allowed to drive heavy vehicles, citing loopholes and weaknesses in the federal government’s program to certify drivers.
July 28, 2008Rush Enterprises’ 2Q Earnings Fall
Truck dealership Rush Enterprises’ first-quarter net income fell to $6.1 million, or 16 cents a share, down from $13 million, or 34 cents, a year ago.
July 24, 2008Hub Group Reports Higher 2Q Earnings
Third-party logistics company and freight broker Hub Group’s second-quarter net income rose to $15 million, or 40 cents a share, from $13.8 million, or 35 cents, a year ago.
July 24, 2008