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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Frozen Food Express Swings to 2Q Profit
Refrigerated carrier Frozen Food Express Industries, Dallas, earned $274,000, or two cents a share, in the second quarter of 2008, compared with a loss of $661,000, or four cents, in the 2007 quarter, the company said late Monday.
July 29, 2008West Coast Ports, Longshore Union Reach Tentative Agreement
The International Longshore and Warehouse Union and the Pacific Maritime Association have reached a tentative agreement on a new six-year labor contract that will cover more than 25,000 workers at 29 West Coast ports, the groups said Tuesday in a joint statement.
July 29, 2008FCC Approves Sirius, XM Merger
Federal regulators have approved a proposed merger of Sirius Satellite
Radio and XM Satellite Radio Holdings, a $3.3 billion deal, Bloomberg
News reported Monday.
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.
Variable Speed Limit Goes Live on Part of I-495 in Va.
Effective Monday, speed limits on part of Interstate 495 in Northern
Virginia began changing along with traffic conditions, the Associated
Press reported.
Attwood Appointed CFO at Quality
Bulk and tanker carrier Quality Distribution appointed Stephen Attwood its chief financial officer, the company said Monday.
Gas Drops Below $4 a Gallon, Lundberg Says
Gasoline prices dropped 11.7 cents in the two weeks ended Friday to a
national average of $3.9959 a gallon, the first time in more than a
month that the average has fallen below $4 a gallon, the latest
Lundberg Survey of filling stations said.
Highway Funds Dwindle as Drivers Cut Back, Journal says
Record fuel prices are prompting U.S. motorists to park their vehicles
in record numbers, adding to concerns that federal highway funds will
be inadequate to cover needed infrastructure projects, the Wall Street
Journal reported Monday.
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, 2008