A trio of senators introduced a bill that would allow states to increase the maximum weight for trucks operating on their interstates beyond the federal limit of 80,000 pounds.
August 5, 2010Business
Unemployment Rate Holds at 9.5%; Trucking Jobs Increase
The U.S. unemployment rate held at 9.5% in July as total payrolls fell, and the trucking industry’s payrolls jumped by almost 6,000, the Labor Department said Friday.
August 6, 2010Business
Postal Service Posts $3.5 Billion Quarterly Loss
The U.S. Postal Service lost $3.5 billion in its fiscal third quarter, more than $1 billion more than it lost in the same period a year ago, the Associated Press reported.
August 6, 2010Business
Roadrunner Reports 2Q Loss in First Public Statement
Roadrunner Transportation Systems, which went public in May, released its first public earnings statement, saying it posted a second-quarter loss, though its trucking sectors showed improvement.
August 5, 2010Business
Pacer Swings to Second-Quarter Profit
Transportation and third-party logistics firm Pacer International earned $1.4 million, or 4 cents a share, in the second quarter, turning around a loss of $7.3 million, or 21 cents, a year ago.
August 5, 2010Business, Fuel
Commercial Vehicle Group Reports 2Q Profit
Parts maker Commercial Vehicle Group said it earned $700,000 in the second quarter, turning around a $22.5 million loss from the same quarter last year.
August 5, 2010Business
Jobless Claims Hit Three-Month High
Initial jobless claims hit a three-month high last week, the Labor Department said Thursday.
August 5, 2010Business
Con-way’s Second-Quarter Income Declines
Con-way Inc. said its second-quarter net income fell to $13.9 million, or 26 cents per share, from $31.5 million, or 64 cents, a year ago.
August 4, 2010Business
Patriot Transportation Reports 3Q Profit
Tank and bulk carrier Patriot Transportation Holding said Wednesday it posted a profit in its fiscal third quarter, turning around a loss from a year ago.
August 4, 2010Business
Clarke’s Second-Quarter Income Drops
Canadian holding company Clarke Inc. said it earned C$2.8 million, or 11 cents per unit, in the second quarter, down from C$16.8 million, or 42 cents, a year ago.
August 4, 2010