Pacer International reported a fourth-quarter loss but said it turned a profit for the full year.
February 10, 2011Business
Initial Jobless Claims Fall for Week
Initial jobless claims dropped by 36,000 last week, the Labor Department said Thursday.
February 10, 2011Business
DOT Freight Transportation Index Rises 0.4%
The Department of Transportation’s freight transportation services index increased 0.4% in December from a year earlier, the 12th straight year-over-year gain.
February 9, 2011Business, Logistics
Wabash Reports Fourth-Quarter Profit
Trailer manufacturer Wabash National Corp. reported a fourth-quarter operating profit compared with an operating loss a year ago, as new trailer shipments topped the high end of the company’s expectations.
February 9, 2011Business
Roadrunner Reports 4Q Profit
Roadrunner Transportation Systems reported a fourth-quarter profit compared with a loss a year ago, as less-than-truckload tonnage improved.
February 9, 2011Business, Logistics
DHL to Expand Cincinnati Airport Hub
Logistics firm DHL said it will spend $22.5 million to expand its hub at Cincinnati/Northern Kentucky International Airport, adding nine new aircraft gates.
February 9, 2011Business
P.A.M. Reports Smaller Fourth-Quarter Loss
Truckload carrier P.A.M. Transportation Services said its fourth-quarter loss was smaller than a year ago.
February 9, 2011Business, Logistics
Intermodal Volume Rises in 2010
Intermodal traffic volume rose 12.8% in the fourth quarter of 2010, ending the year 14.7% higher than 2009, the Intermodal Association of North America said.
February 9, 2011Business, Equipment
Cummins Approves $1 Billion Stock Buyback
Cummins Inc.’s board approved the repurchase of up to $1 billion in stock to “improve shareholder value,” the company said Tuesday.
February 8, 2011Business, Fuel
Diesel to Average $3.43 This Year, DOE Says
The Department of Energy continued to boost its projected price of diesel fuel, saying it will average $3.43 this year, up 3 cents from its forecast last month.
February 8, 2011