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, 2008Search
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Heartland’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, 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, 2008Letters to the Editor: HOS, Public Citizen, Fuel Prices, N.J. Turnpike, Fuel in New England
So, we were able to keep two important features of the hours-of-service rules in place — which should have been no surprise to any one.
January 24, 2008Knight’s Fourth-Quarter Income Drops
Truckload carrier Knight Transportation’s fourth-quarter profit fell to $13.8 million, or 16 cents a share, from $18.9 million, or 23 cents, a year ago.
January 24, 2008Celadon’s 2Q Income Drops
Truckload carrier Celadon Group said late Wednesday its fiscal second-quarter profit plunged 72% to $1.7 million, or 8 cents a share, from $6.1 million, or 26 cents, a year earlier.
January 24, 2008Maine Suspends Some Weight Restrictions Due to Fuel Prices
Maine Gov. John Baldacci (D) signed a bill to temporarily allow trucks hauling forest products to exceed state weight limits by 5% in hopes of helping them offset high fuel prices, the Associated Press reported.
January 23, 2008CN’s Fourth-Quarter Profit Rises
Canadian National Railway Co. said its fourth-quarter net income rose C$833 million or C$1.68 per share, from C$499 million or 95 cents per share a year earlier.
January 23, 2008