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Truckload carrier Swift Transportation Co. said late Wednesday its fourth-quarter profit fell from a year earlier due to a “soft freight environment.”

Arkansas Best Corp.’s fourth-quarter net income fell to $14.2 million or 56 cents a share, from $30.2 million or $1.20 a year earlier, the company said Wednesday.

President Bush outlined an energy plan Tuesday that would boost the use of alternate fuels such as ethanol and biodiesel, and would seek a 20% reduction in gasoline use in the next 10 years, news services reported.

Canadian freight railroad Canadian National Railway Co. reported its fourth-quarter net income rose 16% to C$499 million, with earnings-per-share rising to 95 cents.

The Transportation Department’s recent proposal to use electronic onboard recorders to monitor driver hours is “weak” and ineffective, safety advocacy groups said last week, while some trucking industry organizations applauded the plan.

to write a Letter to the Editor.
The problem is not with the “black box,” it’s with the 14-hour rule. We are not children, we are professionals. So why doesn’t anyone understand the problem? We are always up against the wall when it comes to hours of service.

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Truckload carrier Knight Transportation said late Wednesday that its revenue and income for the fourth quarter and full-year 2006 reached records.

The average price of retail diesel fuel fell 3.3 cents to $2.43 a gallon, the Department of Energy said Monday.