Con-way, Inc. said it has formed a multimodal unit to focus on expanding truck brokerage and offer a broader range of services to its customers.
August 7, 2008Search
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Trucking Bankruptcies Double; 1st-Half Capacity Loss Is 4.5%
Trucking company bankruptcies more than doubled in the second quarter, soaring 118% from last year as high fuel prices pushed 970 U.S. carriers out of business, a leading industry analyst said.
August 11, 2008Jobless Claims Reach Six-Year High
Initial jobless claims rose last week to the highest level in six years, the Labor Department said Thursday.
August 7, 2008Ryder to Acquire Gordon Truck Leasing
Ryder System said late Wednesday it will acquire Philadelphia-based Gordon Truck Leasing. Terms were not disclosed.
August 7, 2008Navistar, American LaFrance Set Vocational Truck Venture
Truck and engine maker Navistar International Corp. said it will jointly develop and build cabover vocational trucks with American LaFrance LLC.
August 7, 2008Express-1 Reports Higher 2Q Earnings
Express-1 Expedited Solutions said Thursday its second-quarter earnings rose to $774,000, or 3 cents a share, from $754,000, or 2 cents, a year ago.
August 7, 2008Quality Reports Second-Quarter Profit
Tank truck carrier Quality Distribution said its second-quarter net income was $400,000, or 2 cents a share, down from a profit of $2.3 million, or 12 cents, a year ago.
August 7, 2008ATA Seeks Nominations for Mike Russell Trucking Image Award
American Trucking Associations is seeking nominations for the second annual Mike Russell 鈥淕ood stuff鈥 Trucking Image Award.
August 6, 2008Xata鈥檚 Third-Quarter Loss Narrows
Transportation software firm Xata Corp. said Wednesday it lost $712,000, or 8 cents a share, in its fiscal third quarter, compared with a loss of $1.6 million, or 21 cents, a year ago.
August 6, 2008Oil Rises to $120 in Early Trading
Oil prices rose to $120 a barrel in early trading Wednesday, a day after falling more than $2 to below that level, Bloomberg reported.
August 6, 2008