The latest in a string of fierce winter storms will make its way into the Mid-Atlantic region Tuesday, even as the region continues to recover from a blizzard this weekend, news reports said.
February 9, 2010Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Jobless Claims Decrease for Week
Initial jobless claims fell by 43,000 last week, the Labor Department said Thursday.
February 11, 2010Mid-Atlantic Braces for New Major Snowstorm
California Releases $20 Million in Hybrid Funding
The California Air Resources Board has launched a $20 million funding assistance program designed to stimulate the purchase of hybrid trucks and buses that reduce diesel emissions.
February 9, 2010ATA Names Vice President of Safety Policy
American Trucking Associations said it has hired Rob Abbott as its vice president of safety policy.
February 9, 2010Xata Loses $1.7 Million in Fiscal 1Q
Transportation software firm Xata Corp. said it lost $1.7 million, or 20 cent per share, in its fiscal first quarter, compared with a loss of $672,000, or 8 cents, a year ago.
February 9, 2010Intermec’s Fourth-Quarter Income Declines
Supply chain technology firm Intermec Inc. said its fourth-quarter net earnings were $5 million, or 8 cents per share, compared with $9.3 million, or 15 cents, a year ago.
February 9, 2010Vitran’s Fourth-Quarter Loss Narrows
Vitran Corp. lost $2.3 million or 14 cents a share, in the fourth quarter, an improvement from a loss of $79 million, or $5.85, a year earlier.
February 9, 2010Forward Air’s 4Q Income Falls
Forward Air Corp. said its fourth-quarter profit fell to $6.4 million, or 22 cents per share, from $8.3 million, or 29 cents, a year ago.
February 9, 2010P.A.M. Reports Fourth-Quarter Loss
P.A.M. Transportation Services reported a fourth-quarter loss of $3.9 million, or 42 cents per share, compared with a loss of $11.4 million, or $1.19, a year earlier.
February 9, 2010China Truck Group’s Jan. Sales Jump 300%
China National Heavy Duty Trunk Group Co., that country’s largest heavy truck producer, sold 16,653 vehicles in January, up more than 300% from a year earlier, Bloomberg reported Tuesday.
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