Truck tonnage rose 2.4% in September from the same month last year, the smallest year-over-year gain in almost three years, American Trucking Associations said Tuesday.
October 23, 2012BusinessTechnology
Iteris, EBE Report Stronger Results
Two technology companies recently reported quarterly results reflecting improved performance.
October 23, 2012Business
Obama Signs Military CDL Act Into Law
President Obama signed the Military Commercial Driver’s License Act of 2012 into law, which allows states to more easily issue commercial driver licenses to members of the armed forces.
October 23, 2012Business
Ryder’s Third-Quarter Income Improves
Ryder System’s third-quarter profit rose to $75.1 million, or $1.47 per share, from $56.5 million or $1.10 per share, a year ago.
October 23, 2012BusinessLogistics
Swift’s 3Q Net Income Falls
Swift Transportation’s third-quarter net income fell 10% to $27.9 million, or 20 cents per share, from $31.0 million, or 22 cents per share, in the third quarter as freight volume weakened and fuel costs rose.
October 23, 2012BusinessFuel
Diesel Drops 3.4¢ to $4.116; Gasoline Plunges 13.2¢ to $3.687
Diesel dropped 3.4 cents to $4.116 a gallon, while gasoline plunged 13.2 cents to $3.687, its lowest level in almost three months, the Department of Energy said Monday.
October 23, 2012Business
Hub Group’s 3Q Profit Rises
Hub Group Inc.’s third-quarter profit rose 14% as its intermodal, logistics and truck brokerage operations improved.
October 23, 2012Business
Navistar, Cummins Finalize Engine Agreement
Navistar International Corp. said Monday it has reached long-term supply agreements with Cummins Inc. for heavy-duty diesel engines and emissions aftertreatment technologies.
October 22, 2012BusinessTechnology
Port of Long Beach Gets $1.34 Million EPA Grant
The Port of Long Beach announced it has received a $1.34 million grant from the U.S. Environmental Protection Agency for cleaner diesel technology.
October 22, 2012Business
FedEx Sees Record ‘Green Monday’ in December, Driven by Online Sales
FedEx Corp. said it is expecting record volume, fueled by online sales, on “Green Monday” in early December, the busiest online shopping day of the year.
October 22, 2012