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U.S. freight volume has been “well ahead” of expectations in the second quarter, executives of UPS Inc. said Wednesday.

Pacer International Inc. said late Tuesday net income for its fiscal first quarter ended April 8 was $11.4 million or 30 cents per share, compared with $9.4 million or 25 cents a year earlier.

Click here to write a Letter to the Editor. he federal government’s efforts to secure hazardous materials shipments against possible use by terrorists is raising concerns among tank truck carriers, who fear that mandatory background checks in the wake of 9/11 would compromise their already shrinking pool of drivers.

Revised truck tonnage rates released Wednesday by American Trucking Associations showed a 0.2% drop in March, less than a preliminary 3.3% decline reported April 27.

Click here to write a Letter to the Editor. enate leaders Monday introduced a plan to boost spending by $11 billion for the six-year federal highway bill over the $284 billion measure passed by the House in March, the Associated Press reported early Tuesday.

Crude oil prices rose for a fifth straight day on speculation rising demand will outstrip supply later this year, Bloomberg reported.

Click here to write a Letter to the Editor. he average price of retail diesel fuel fell for a second straight week, dropping 3.5 cents to $2.227 a gallon, the Energy Department reported Monday.

The National Carriers' Conference Committee said Tuesday it had voluntarily withdrawn its applications for mediation with seven unions that make up the Teamsters-led rail labor coalition, opening the way for negotiations to resume next week.

Logistics firm EGL Inc. reported Tuesday net first-quarter income of $7.2 million or 14 cents a share, down slightly from $7.3 million or 15 cents last year.