Transportation and third-party logistics firm Pacer International said late Wednesday it took a fourth-quarter loss of $65.1 million, or $1.87 a share, compared with a profit of $20.6 million, or 59 cents, a year earlier.
February 11, 2009Search
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Postal Service, UPS Team Up to Make Online Returns Easier
UPS Inc. and the U.S. Postal Service have agreed to work together to make it easier for consumers to return goods purchased online, a move that more closely aligns the nation’s mail delivery system with the largest commercial package carrier.
February 16, 2009Knight Praises Trucking’s ‘Green’ Measures
ORLANDO, Fla. — Kevin Knight, chief executive officer of Knight Transportation, touted trucking’s efforts in recent years to become more environmentally friendly, and said the industry should work to improve its green message to the public.
February 16, 2009Navistar Urges Trucking to Back Gradual Phase-in of 2010 Regs
ARLINGTON, Va. — A top Navistar Inc. official said the company is pursuing its own solution to meet the 2010 U.S. emission standards, because it doesn’t believe the fuel savings claimed by competitors will justify the higher costs and more complicated systems associated with the new engines.
February 16, 2009Truck Highway Safety Improves to Best Level, DOT Data Show
Two key safety indicators improved to their best-ever levels during 2007, according to data just released by the Department of Transportation and analyzed by Transport Topics.
February 16, 2009DOT Freight Transportation Index Falls 3%
The Department of Transportation’s freight transportation services index declined 3% in December from a year earlier, DOT said Wednesday.
February 11, 2009Vitran Reports Fourth-Quarter Loss
Vitran Corp. said Tuesday it lost $ $3.2 million, or 23 cents a share, compared with a profit of $1.7 million, or 12 cents, a year earlier.
February 10, 2009States Eye More Toll Roads
In a whirl of activity that is expected to accelerate in coming years, states are making toll roads a permanent part of the nation’s highway system and eyeing toll dollars as a way to plug gaping budget deficits.
February 9, 2009DOT ‘TIGER’ Team to Coordinate Role in Recovery Plan
The Department of Transportation has created a team to coordinate its role in President Obama’s economic recovery program, to ensure that funding is made available quickly for transportation infrastructure projects and that project spending is monitored and transparent.
February 5, 2009Interstate Bakeries Exits Chapter 11
Interstate Bakeries Corp. has emerged from bankruptcy after four years of operating under Chapter 11 protection, agreeing to a plan that gives financial control to New York investment firm Ripplewood Holdings and a group of the company’s lenders, news services reported.
February 4, 2009