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Forward Air Reports Flat Fourth-Quarter Profit
Forward Air Corp., a contractor to the air cargo industry, reported its fourth-quarter net income matched the previous year’s, at $12.2 million, while earnings per share climbed to 40 cents a share from 38 cents.
February 13, 2007
Justin Olsen, maintenance director at TCW, breaks down the hidden impact of poor trailer management on operations, compliance and safety.Â
Fenway Acquires Refrigerated Carrier Gemini Traffic Sales
Private-equity firm Fenway Partners said Monday it has partnered with the current owners of refrigerated-unit carrier Gemini Traffic Sales to acquire a majority interest in the truckload and less-than-truckload carrier.
February 12, 2007Volvo Won’t Bid for Germany’s MAN, Paper Reports
Volvo AB has no plans to pursue a takeover of German truck maker MAN AG, as it would not get European Union regulatory approval to do so, Bloomberg reported Monday.
February 12, 2007Gasoline Prices Rise 4 Cents, Lundberg Reports
Average U.S. retail gasoline prices rose 4 cents over the past three weeks to $2.22 a gallon, according to the latest Lundberg survey of gasoline prices released Sunday.
February 12, 2007NATSO Expects More Biodiesel Sales
SAN ANTONIO — Truck-stop industry officials meeting here said their main focus this year would be preparing for the expected increase in biodiesel use.
February 12, 2007Technology Briefs — Feb. 6 - Feb. 12
UniGroup Chooses TMW for Cellphone Communications • Corning Sees Growth in Diesel-Filters Unit • Xata’s First-Quarter Loss Narrows • Intermec Postpones 4Q Earnings Release
February 12, 2007Stuart Named TMC Chairman; Says More Technicians Needed
TAMPA, Fla. — Trucking executives are not doing enough to attract talented, younger technicians to the increasingly complex field of truck maintenance, said Darry Stuart, incoming chairman of the Technology & Maintenance Council.
February 12, 2007TMC Group Says Onboard Recorder Rule May Be Costly
TAMPA, Fla. — A Technology & Maintenance Council task force said several provisions of the proposed federal requirement for electronic onboard recorders need clarification, and the rule’s required data-display equipment could be a costly and ineffective expense for trucking companies.
Hub Group’s Fourth-Quarter, Full-Year Earnings Rise
Third-party logistics provider Hub Group said late Monday it earned $13.5 million or 34 cents a share in the fourth quarter, up from $10.1 million or 25 cents a share for the same quarter a year earlier.
February 12, 2007Ryder to Boost Dividend 3 Cents to 21 Cents a Share in March
Ryder System said Monday its board approved a 3-cent increase in its dividend, boosting the payout to 21 cents a share.
February 12, 2007