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TT Logistics 50: Firms Seek Ways to Cut Costs to Cope With Revenue Drop in 2009
Logistics service providers are adjusting as the global economic downturn has caused many companies to curtail production and reduce inventories, stalling the longtime trend of expanding international trade, thereby reducing demand for transportation services in North America.
November 9, 2009Pacer’s 3Q Profit Falls
Transportation and third-party logistics firm Pacer International said its third-quarter profit fell to $600,000, or 2 cents per share, compared with $20.8 million, or 59 cents, a year earlier.
November 4, 2009P.A.M. Narrows Third-Quarter Loss
Truckload carrier and logistics firm P.A.M. Transportation Services reported a third-quarter loss of $1.2 million, or 13 cents per share, compared with a loss of $3.2 million, or 33 cents, a year ago.
October 30, 2009Truck Driver Appreciation Week Begins Sunday
With National Truck Driver Appreciation Week approaching, American Trucking Associations is extending the deadline until Nov. 7 for submissions for its video contest on why professional truck drivers are essential to the U.S. economy.
October 29, 2009NTSB Urges Tougher Measures to Fight Drivers’ Sleep Apnea
The Federal Motor Carrier Safety Administration should identify commercial truck and bus drivers who are at high risk for obstructive sleep apnea, and require drivers diagnosed with the condition to prove they are being treated, the National Transportation Safety Board recommended last week.
October 26, 2009TransForce Reports Lower 3Q Income
Canadian transportation and logistics firm TransForce Inc. said its third-quarter net income fell to C$17 million, or 19 cents a share, from C$26.5 million, or 31 cents, a year ago.
October 23, 2009NTSB Urges Tougher Measures to Fight Drivers’ Sleep Apnea
The Federal Motor Carrier Safety Administration should identify commercial truck and bus drivers who are at high risk for obstructive sleep apnea, and require drivers diagnosed with the condition to prove they are being treated, the National Transportation Safety Board recommended last week.
October 26, 2009C.H. Robinson’s 3Q Profit Improves
Transportation and third-party logistics firm C.H. Robinson Worldwide reported a third-quarter profit of $95.5 million, or 57 cents a share, up slightly from $93.6 million, or 54 cents a share, a year ago.
October 21, 2009Evans Network to Acquire Drayage, Brokerage Assets
The Evans Network of Companies said it will acquire some assets of Land Transportation and Phoenix Transit and Logistics.
October 14, 2009Ontario Truckers to Be Exempt for 3 Years from Ban on Handheld Radio Devices
Truckers in Ontario got a three-year exemption from the Canadian province’s broad new ban on using handheld devices for their use of citizens band or two-way radios.
October 13, 2009