Transportation and third-party logistics firm Pacer International said it lost $7.3 million, or 21 cents per share, compared with a profit of $13.4 million, or 39 cents, a year earlier.
August 6, 2009Search
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Expeditors’ Second-Quarter Income Declines
Logistics firm Expeditors International of Washington said Tuesday its second-quarter net income fell 24% to $54.1 million, or 25 cents a share, from $71.3 million, or 32 cents, a year ago.
August 4, 2009Wabash Completes $35 Million Capital Infusion
Trailer maker Wabash National Corp. said it has completed a $35 million investment in the company by a private equity firm.
August 4, 2009Rule Won’t Require Overhaul of Braking Systems, Experts Say
The National Highway Traffic Safety Administration’s decision to cut the maximum allowed stopping distance for large trucks by 30% will increase truck buyers’ costs somewhat, but will not force a widespread shift to new technology such as air disc brakes, industry groups and manufacturers said.
August 3, 2009Canadian Pacific 2Q Income Grows on One-Time Charge
Canadian freight railroad Canadian Pacific’s second-quarter net income grew to C$157.3 ($145 million), or 93 Canadian cents a share, from $154.7 million ($142 million), or C$1 a share, a year ago.
July 30, 2009Kansas City Southern Profit Shrinks in 2Q
Kansas City Southern said Thursday it earned $6.7 million, 7 cents a share, in its second quarter, compared with $50.2 million, or 56 cents, a year ago.
July 30, 2009Norfolk Southern Profit Drops 45%
Norfolk Southern Corp. reported that their second-quarter profit fell 45% from a year ago.
July 29, 2009FedEx National LTL Names New President
FedEx Corp. said it has named Mike Moss as president of FedEx National LTL, the parcel carrier’s long-haul less-than-truckload unit.
July 27, 2009NHTSA Issues Rule to Cut Truck Stopping Distance by 30%
The National Highway Traffic Safety Administration will require a cut of 30% in the allowable stopping distance for the majority of new trucks beginning in 2011, the agency said Friday.
July 27, 2009Senators Address 3 DOT Nominations
The Senate Commerce, Science and Transportation Committee advanced the nominations of several other key administration officials to the full Senate on July 21, including the nomination of Deborah Hersman to lead the National Transportation Safety Board.
July 27, 2009