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ULSD to Boost Trucking’s Costs
Ultra-low-sulfur diesel’s lower energy content will force truckers to buy more fuel to run the same number of miles, driving fuel expenses up — a cost they can’t recoup through surcharges, trucking executives and engine manufacturers said.
July 24, 2006Siricomm Names Graham New CEO
Information technology firm Siricomm said it named Bill Graham chief executive officer to succeed Hank Hoffman.
July 24, 2006Ambassador Bridge Owner Seeks OK To Build New Span Near Current One
The owner of the Ambassador Bridge, the busiest international truck crossing in the United States, filed an application July 13 to build another span of the bridge linking the United States and Canada.
July 24, 2006Technology Briefs — July 18 - July 24
Fuel Economy Holds Steady for 2006 Cars, Trucks • Milan Express Recognized as SmartWay Partner • Westport Licenses LNG Pump Technology to Cryostar • Wisconsin Approves Anti-Idling Grant Program • AtRoad Reports 2Q Net Loss • XM Radio Posts $229-Million Loss in Second Quarter
July 24, 2006Arkansas Best Corp. Earnings, Revenue Rise
Arkansas Best Corp., the parent of less-than-truckload carrier ABF Freight System, said Monday its second-quarter profit rose to $32.3 million or $1.26 cents a share, up from $23.4 million or 91 cents a year earlier.
July 24, 2006Gasoline Climbs to $3.01 a Gallon, Says Lundberg
Gasoline prices rose 1 cent in the past two weeks, up to a record level of $3.01 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.
July 24, 2006Con-way Sells Expedited Unit to Panther
Transportation firm Con-way Inc. said it has reached an agreement to sell its expedited transportation unit, Con-way Expedite & Brokerage, to Panther Expedited Services Inc. in a deal valued between $7 million and $8 million.
July 24, 2006Hub Group Net Income Jumps in Second Quarter
Third-party logistics provider Hub Group Inc. reported late Thursday that its net income increased to $12.5 million, or 30 cents a share, up from $7.9 million or 19 cents a share last year.
July 21, 2006Cummins Turbo Opens New Plant in S.C.
Cummins Turbo Technologies has opened a new manufacturing plant in Charleston, S.C., the company said Friday in a release
July 21, 2006SCS Transportation Reports 2Q Earnings, Revenue
SCS Transportation reported Thursday a loss of $35.9 million, or $2.47 for the second quarter, compared with a loss of $33.6 million or $2.31 a share a year ago.
July 21, 2006