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STB Ruling Hits Rail Fuel-Surcharge Practices
The Surface Transportation Board ruled that freight railroads not calculate their fuel surcharges as a percentage of their base rates.
January 31, 2007
Justin Olsen, maintenance director at TCW, breaks down the hidden impact of poor trailer management on operations, compliance and safety.Â
Fed Keeps Benchmark U.S. Interest Rate at 5.25%
For the fifth straight meeting, the Federal Reserve on Wednesday kept the benchmark U.S. interest rate at 5.25%.
January 31, 2007FedEx Completes Acquisition of Indian Express Firm
FedEx Corp. said Wednesday it completed its previously announced acquisition of Indian firm Prakash Air Freight Pvt. Ltd. Terms were not disclosed.
January 31, 2007UPS Reports Fourth-Quarter Profit Topped $1.1 Billion
UPS Inc. reported its fourth-quarter net income rose 7.5% to $1.13 billion or $1.04 a share, up from $1.05 billion or 95 cents a year earlier.
January 30, 2007Con-way’s 4Q Income Improves on Vector Sale
Transportation firm Con-way Inc. earned $82.4 million or $1.66 a share in the fourth quarter, up from $49.9 million or 90 cents a year earlier.
January 30, 2007Diesel Continues to Decline, Dipping 1.7 Cents to $2.413
The average retail price of diesel fuel fell 1.7 cents to $2.413 a gallon, the Energy Department reported Monday.
January 30, 2007Consumer Confidence Nears Five-Year High
U.S. consumer confidence approached a five-year high this month, the New York-based Conference Board reported Tuesday.
January 30, 2007Paccar Reports Higher Income, Revenue for 4Q, 2006
Heavy-duty truck maker Paccar said Tuesday its fourth-quarter profit rose 22% to $380.5 million or $1.52 a share, from $312.9 million or $1.22 a year earlier.
January 30, 2007Performance Transportation Services Emerges From Chapter 11
Automobile carrier Performance Transportation Services said late Monday it emerged from its voluntary Chapter 11 bankruptcy proceeding.
January 30, 2007U.S. Xpress’ Fourth-Quarter Income Dips; Full-Year Improves
Truckload carrier U.S. Xpress Enterprises reported its fourth-quarter net income fell to $6.4 million or 41 cents a share, from $7.1 million or 48 cents in the previous fourth quarter.
January 30, 2007