Federal Highway Administration chief Rick Capka will leave the agency next month, he said in an e-mail to FHWA staff.
January 25, 2008Search
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Railroads, Transport Union Reach Accord
U.S. freight railroads have reached a tentative contract with about 81,000 workers represented by the United Transportation Union, Bloomberg reported Thursday.
January 24, 2008Ford Takes $2.8 Billion Fourth-Quarter Loss
Ford Motor Co. said Thursday it lost $2.8 billion in the fourth quarter, an improvement from the same quarter a year ago, in which it lost twice that amount.
January 24, 2008USA Truck Reports $1.6 Million 4Q Loss
Truckload carrier USA Truck said Thursday it lost $1.6 million in the fourth quarter, due to a “challenging freight environment.â€
January 24, 2008Covenant Reports Fourth-Quarter Profit
Covenant Transportation Group earned $176,000, or 1 cent per share in the fourth quarter, compared with a loss of $894,000, or 6 cents, a year earlier.
January 24, 2008Heartland’s 4Q Earnings Drop 15%
Truckload carrier Heartland Express said Thursday its fourth-quarter profit fell 15% to $16.6 million, or 17 cents a share, from $19.6 million, or 20 cents, a year earlier.
January 24, 2008Court Rebuffs Public Citizen on HOS Rule
A federal court has rejected a request by several advocacy groups, led by Public Citizen, seeking to overturn the interim hours-of-service rule issued by the Federal Motor Carrier Safety Administration last month.
January 24, 2008Norfolk Southern’s 4Q Profit Improves
Eastern freight rail line Norfolk Southern Corp.’s fourth-quarter profit rose 3.6% and the railroad increased its dividend, the company said late Tuesday.
January 23, 2008Werner’s Fourth-Quarter Profit Falls
Truckload carrier Werner Enterprises said Wednesday its fourth-quarter net income fell 30% to $15.6 million or 22 cents a share, from $24 million or 31 cents a year earlier.
January 23, 2008Trucking Stocks Rebound Sharply
Trucking and transportation stocks rose sharply Wednesday as the general stock market rebounded, news reports said.
January 24, 2008