Truckload carrier Celadon Group said its fiscal fourth-quarter income fell to $167,000, or 1 cent per share, from $2.2 million, or 10 cents, a year ago.
August 12, 2009Business
Fed Again Holds Interest Rate at Record Low
The Federal Reserve voted Wednesday to keep a key U.S. interest rate at a record low “target range” of zero to 0.25%.
August 12, 2009Government, Business
Intermodal Traffic Takes Big Quarterly Drop
Intermodal trailer traffic fell 26.9% in the second quarter of 2009, the Intermodal Association of North America reported.
August 12, 2009Business, Logistics
Contrans’ Second-Quarter Income Falls
Canadian firm Contrans Income Fund said that its second-quarter profit was C$6.2 million, or 20 cents per unit, down from C$10.2 million, or 35 cents, a year ago.
August 12, 2009Business
Ritchie Bros.’ Second-Quarter Income Dips
Ritchie Bros. Auctioneers earned $38.8 million, or 37 cents per share, in the second quarter, compared with $45.9 million, or 43 cents, a year ago.
August 12, 2009Business, Government, Safety
DHL Fined $9.4 Million for Embargo Violations
DHL Express will pay the U.S. government $9.4 million in fines to settle a dispute that it made shipments to Iran, Sudan and Syria in violation of U.S. embargoes, the Associated Press reported.
August 12, 2009Business
Celadon’s Profit Falls for 4Q, Year
Business
ArvinMeritor to Invest up to $10 Million in Brazil
Vehicle parts maker ArvinMeritor Inc. said it will invest up to $10 million in its commercial vehicle business in Brazil.
August 11, 2009Business, Safety, Government, Logistics
Opinion: The Customer Service, Dispatch Dilemma
As the recession deepens, there is growing awareness in the transportation industry of the role dispatchers play in keeping third-party logistics firms and freight brokerages competitive, particularly in the areas where dispatch and customer service collide.
August 11, 2009Business, Fuel, Government
DOE Raises Diesel Price Forecast for 2010
The Department of Energy held its diesel price forecast for 2009 steady at $2.46 a gallon, but bumped its projection for next year by a nickel from a previous forecast.
August 11, 2009Business, Logistics
TT 100 For-Hire and Private Listings Available Online
The 2009 Transport Topics 100 for-hire and private listings are available online. The listings, available to download free, show the top 100 U.S. and Canadian carriers in each category.
August 11, 2009