The House of Representatives voted to transfer $7 billion into the ailing Highway Trust Fund, a move leaders said was necessary to keep the fund solvent through the upcoming congressional recess.
July 30, 2009Search
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Wright Express Sees 2Q Profit
Wright Express Corp. said Wednesday it earned a second-quarter profit of $93.2 million, or $2.36 per share, compared to a loss of $24.4 million, or 63 cents, in the same quarter last year.
July 29, 2009Fed ‘Beige Book’ Says Decline is Slowing, Transportation Still Weak
The Federal Reserve said Wednesday that almost all Federal Reserve districts are seeing the pace of economic recession slow down, but the transportation sector is still showing signs of weakness.
July 29, 2009Consumer Confidence Retreats in July
Consumer confidence fell in July, the New York-based Conference Board said.
July 28, 2009Pacer to Sell Heavy-Haul Business to Universal Truckload
Pacer International said that it will sell Pacer Transport, its specialized heavy-haul trucking business, to Universal Truckload Services.
July 28, 2009Covenant Reports Loss for 2Q
Covenant Transportation Group said it lost $3.1 million, or 22 cents per share, in the second quarter, compared with a loss of $2.3 million, or 17 cents, a year ago.
July 28, 2009Paccar’s Second-Quarter Income Falls 92%
Heavy-duty truck maker Paccar Inc. said Tuesday its second-quarter profit plunged 92% to $26.5 million, or 7 cents a share, from $313.5 million, or 86 cents, a year ago.
July 28, 2009Trust Fund Shortfall May Affect Road, Bridge Repairs, Mendez Says
The daily payments states receive from the Highway Trust Fund for repairs could be made only weekly or twice a month if the fund isn’t replenished, Federal Highway Administrator Victor Mendez told state highway officials.
July 28, 2009TNT Profit Falls 60%
TNT NV, Europe’s second largest post company, said its second-quarter earnings declined to about $115 million, from about $292 million a year earlier.
July 27, 2009Navistar Engineering VP Leaves Company
Helmut Endres, vice president of engineering for Navistar Inc.’s engine group, has left the company, the truck and engine maker told Transport Topics on July 23.
July 27, 2009