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, 2008Search
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Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Accident Shuts Down I-84 in Conn.
A Tuesday morning truck accident that caused hydrogen gas to leak prompted a shutdown of Interstate 84 in both directions near Waterbury, Conn., the Associated Press reported.
February 12, 2008GM 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, 2008Pacer’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, 2008Court 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, 2008GAO 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, 2008Ryder Boosts Dividend
Ryder System’s board approved a 2-cent increase in its quarterly dividend, to 23 cents a share.
February 11, 2008Towne 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, 2008Trimac 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, 2008Letters 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