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Rush Reports Lower 4Q Earnings

Truck dealership Rush Enterprises said its fourth-quarter earnings dipped to $12.3 million, or 32 cents a share, from $15.9 million, or 42 cents, for the previous fourth quarter.

February 13, 2008

GM Posts 4Q, Full-Year Loss

General Motors Corp. said Tuesday it took a fourth-quarter loss of $722 million and that it enhanced a buyout plan for its 74,000 U.S. United Auto Workers employees, Bloomberg reported.

February 12, 2008

Pacer’s Fourth-Quarter Profit Mixed

Transportation and third-party logistics firm Pacer International’s fourth-quarter profit slipped to $20.6 million, from $21.5 million a year ago, but per-share earnings rose to 59 cents a share, from 57 cents a year earlier.

February 12, 2008

Court Hears Arguments on Mexican Trucks Program

A federal appeals court heard arguments Tuesday whether the Bush administration can go ahead with the Transportation Department’s Mexican trucks pilot program, the Associated Press reported.

February 12, 2008

GAO Cites Risks to Public-Private Partnerships

While there are some benefits, the risks associated with public-private highway partnership agreements range from higher tolls and traffic diversion to political trade-offs and potential tax losses, according to a report issued by the Government Accountability Office.

February 12, 2008

Ryder Boosts Dividend

Ryder System’s board approved a 2-cent increase in its quarterly dividend, to 23 cents a share.

February 11, 2008

Towne Air Freight Buys Synergy Cargo Logistics

Towne Air Freight said it acquired Synergy Cargo Logistics, which will give Towne a greater presence in the southwestern United States. Terms were not disclosed.

February 11, 2008

Trimac Names Connard U.S. Unit President

Bulk transporter Trimac Transportation said it had promoted Tom Connard to president of Trimac’s U.S. operations.

February 11, 2008

Letters to the Editor: Reefer Rules, Fuel Tax Increase, Left Lane ‘Ban’

Transport Topics does a service to its readership with its continuing coverage of environmental regulations, and the Jan. 21 issue is no exception.

February 11, 2008