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DOT’s Transportation Services Index Declines for 2006

The U.S. Transportation Department’s transportation services index fell 0.4% in 2006, its first annual decline since 2001, DOT said Wednesday.

February 14, 2007

Expeditors International Reports Lower 4Q Profit

Logistics firm Expeditors International of Washington on Tuesday said its fourth-quarter profits fell to $62.6 million or 28 cents a share, down from $74.3 million or 34 cents a year ago.

February 13, 2007

Wisconsin Gov. Wants Oil Tax to Fund Transportation Needs

Wisconsin Gov. Jim Doyle (D) has proposed a new tax on oil companies to help raise needed funds for the state’s transportation projects, the Associated Press reported Tuesday.

February 13, 2007

Forward Air Reports Flat Fourth-Quarter Profit

Forward Air Corp., a contractor to the air cargo industry, reported its fourth-quarter net income matched the previous year’s, at $12.2 million, while earnings per share climbed to 40 cents a share from 38 cents.

February 13, 2007

Technology Briefs — Feb. 6 - Feb. 12

UniGroup Chooses TMW for Cellphone Communications • Corning Sees Growth in Diesel-Filters Unit • Xata’s First-Quarter Loss Narrows • Intermec Postpones 4Q Earnings Release

February 12, 2007

TMC Group Says Onboard Recorder Rule May Be Costly

TAMPA, Fla. — A Technology & Maintenance Council task force said several provisions of the proposed federal requirement for electronic onboard recorders need clarification, and the rule’s required data-display equipment could be a costly and ineffective expense for trucking companies.

February 12, 2007

Hub Group’s Fourth-Quarter, Full-Year Earnings Rise

Third-party logistics provider Hub Group said late Monday it earned $13.5 million or 34 cents a share in the fourth quarter, up from $10.1 million or 25 cents a share for the same quarter a year earlier.

February 12, 2007

Ryder to Boost Dividend 3 Cents to 21 Cents a Share in March

Ryder System said Monday its board approved a 3-cent increase in its dividend, boosting the payout to 21 cents a share.

February 12, 2007

ATA Petitions FMCSA for Employer Notification

American Trucking Associations has filed a petition with the Federal Motor Carrier Safety Administration last week seeking amendments to rules regarding employer notification and drivers.

February 9, 2007