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UPS Freight Improves Transit Times from Southeast

UPS Freight said Monday it has reduced transit times on nearly 1,000 traffic lanes originating in Southwest and Southeast metropolitan areas to points across the United States.

May 12, 2008

Xata Reports Second-Quarter Loss

Transportation software firm Xata Corp. said Monday it lost $1.4 million, or 17 cents a share, in its fiscal second quarter, compared with a loss of $900,000, or 12 cents, a year ago.

May 12, 2008

Sirva Emerges from Bankruptcy; Goes Private

Moving company Sirva Inc. said its reorganization plan to emerge from bankruptcy became effective Monday and that it will become a private company, effective immediately.

May 12, 2008

Calif. Says Mack, VTNA, Cummins Engines Meet NOx Standard, Exempt From Idling Rule

The California Air Resources Board has confirmed to Transport Topics that Mack Trucks Inc., Cummins Inc. and Volvo Trucks North America have received certification that their heavy-duty engines meet California鈥檚 nitrogen oxide emission standards, providing users an exemption from the state鈥檚 five-minute idling regulation.

May 12, 2008

Sprint Nextel鈥檚 First-Quarter Loss Widens

Wireless carrier Sprint Nextel Corp. said Monday it had a larger first-quarter deficit as revenue fell, it lost more than a million subscribers and it absorbed charges for severance and other costs, the Associated Press reported.

May 12, 2008

Clarke Reports First-Quarter Loss

Canadian holding company Clarke Inc. Monday reported a first-quarter loss of C$2.1 million, or 7 cents per share, compared with net income of C$12.1 million, or 28 cents, a year ago.

May 12, 2008

Diesel Soars 18.2垄 to Record $4.331

Diesel fuel jumped 18.2 cents to a new record Monday, averaging $4.331 a gallon at the pump nationwide, the Department of Energy said.

May 13, 2008

President Bush Declares 鈥楴ational Transportation Week鈥

President Bush declared this week as 鈥淣ational Transportation Week鈥 and Saturday to be 鈥淣ational Defense Transportation Day,鈥 the White House said Friday.

May 12, 2008

Diesel Price Slips 2.8垄 to $4.149

The average price of retail diesel slipped 2.8 cents last week from its all-time record 鈥 the first decline in four weeks 鈥 as the Department of Energy released a prediction that prices would remain above $4 a gallon for the foreseeable future.

May 12, 2008

Component Manufacturers Expand Overseas

Major suppliers of drivetrain components, brakes and suspension parts are following the lead of truck and engine makers by expanding production and distribution outside North America, while revamping existing operations to lower costs and develop new products.

May 12, 2008