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Greg Werner Promoted to CEO of Werner Enterprises

Truckload carrier Werner Enterprises said late Thursday that Greg Werner had been promoted to be the company’s chief executive officer.

February 9, 2007

Lack of Holiday Shipping Surge Depresses 4Q Truckload Profits

Profits fell at major public truckload carriers in the fourth quarter, as declining demand for freight carriage more than eliminated the benefit of declining diesel prices, which are now lower than a year earlier.

February 9, 2007

UPS Boosts Dividend, Raises Buyback Authorization

UPS Inc. said late Thursday it increased its quarterly dividend to 42 cents a share, from 38 cents.

February 9, 2007

Letters to the Editor: Hybrid Trucks, Diesel vs. Gasoline

to write a Letter to the Editor.
Undoubtedly, there is a need to pursue alternatives to decrease fuel consumption, lower our dependency on fossil fuels, promote cleaner air and reduce CO2 emissions.

February 9, 2007

ATA Petitions FMCSA for Employer Notification

American Trucking Associations has filed a petition with the Federal Motor Carrier Safety Administration last week seeking amendments to rules regarding employer notification and drivers.

February 9, 2007

Highway Users Form Coalition to Oppose Toll-Road Privatization

Several groups representing truckers and motorists said Friday they have banded together to combat a growing trend toward the privatization or leasing of existing toll facilities to private investors.

February 9, 2007

Vitran’s 4Q Income Flat; Company Reports Record Year

Toronto-based transportation and logistics firm Vitran Corp.’s fourth-quarter profit was $5 million or 37 cents a share, compared with $5 million or 39 cents a year earlier.

February 8, 2007

Bandag’s Fourth-Quarter Income Dips

Tire retreader Bandag Inc. reported fourth-quarter net income of $10.9 million or 56 cents a share, compared with $12 million or 62 cents a year earlier.

February 8, 2007

Sweden’s Scania to Boost Payout to $1.43 Bln. on Strong Sales

Swedish truck maker Scania AB plans to boost 2006 shareholder dividends to about $1.43 billion, as booming European sales leave truck makers flush with cash, Bloomberg reported Thursday.

February 8, 2007