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Rail Freight Slowing in First Quarter, Analyst Says
Union Pacific Railroad has laid off 124 people and cut back hours for 455 more because of lower freight demand, the Associated Press reported, and a market analysis firm Monday lowered its market outlook for the rail sector.
February 26, 2007
Justin Olsen, maintenance director at TCW, breaks down the hidden impact of poor trailer management on operations, compliance and safety.Â
DOT to Begin Audits of Mexican Trucking Companies
Inspectors from the Federal Motor Carrier Safety Administration will travel to Mexico to conduct safety audits on trucking companies interested in hauling cargo to and from the United States, the Department of Transportation said late Thursday.
February 23, 2007DOT to Allow Mexican Trucks Access to U.S. Highways
EL PASO, Texas — The United States will grant Mexican trucks access to U.S. highways under a pilot program, Transportation Secretary Mary Peters announced here today.
February 23, 2007Canada May Pass Law to End CN Railroad Strike
Canadian Labor Minister Jean-Pierre Blackburn introduced legislation Friday to force striking Canadian National Railway Co. employees back to work as early as next week, Bloomberg reported.
February 23, 2007Daimler Expects Continuing Profit From Truck Unit
DaimlerChrysler AG said it expects its heavy truck division, including Freightliner, to maintain its profitability, even in the face of flagging U.S. sales, Bloomberg reported Friday.
February 23, 2007Express-1’s Income Rises for Fourth Quarter, Year
Express-1 Expedited Solutions said Thursday it earned $1.6 million or 6 cents a share in the fourth quarter, up from $597,000 or 2 cents a year earlier.
February 22, 2007Morgan Stanley to Buy 80% Interest in Montreal Port
Morgan Stanley said Thursday it plans to acquire an 80% interest in the Port of Montreal, the third-largest container port in North America.
February 22, 2007Crude Oil Closes Over $60 a Barrel for First Time in ’07
Crude oil closed at more than $60 a barrel for the first time this year Wednesday, while the Department of Energy reported Thursday that inventories of both gasoline and distillate fuel saw big decreases last week.
February 22, 2007Universal Truckload Services’ 4Q, Full-Year Income Improves
Universal Truckload Services earned $5.3 million or 33 cents a share in the fourth quarter, up from $4.7 million or 29 cents a year earlier.
February 22, 2007Initial Jobless Claims Dip 27,000 for Week
Initial jobless claims fell last week by 27,000 following a big increase the previous week, the Labor Department said Thursday.
February 22, 2007