Intermodal rail traffic in the United States fell 16.1% last week compared with the same week last year, the Association of American Railroads said.
August 7, 2009Trucking 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.
Senate Panel Approves Measure Boosting Truck Weights in Maine
Several measures affecting trucking advanced in Congress recently as a key Senate committee ap-proved a bill to allow trucks weighing more than the federal limit on Interstate 95 in Maine, and a bill providing tax incentives for idle-reducing units was introduced in the House of Representatives.
August 10, 2009Diesel, Gas Prices Rise Again
U.S. retail fuel prices continued to rise last week, as the average cost of a gallon of diesel climbed 2.2 cents to $2.55 a gallon, while gasoline jumped 5.4 cents to $2.557, the second straight week of increases, the Department of Energy reported.
August 10, 2009FMCSA to Hold Strategy Forums This Month
The Federal Motor Carrier Safety Administration will hold two separate stakeholder forums in August to gather input on a new 2010-2015 Strategic Plan, the agency said in a Federal Register notice.
August 7, 2009Frozen Food Express Cites 2Q Loss
Refrigerated carrier Frozen Food Express Industries lost $5.2 million, or 30 cents a share, in the second quarter, compared with net income of $274,000, or 2 cents, a year ago.
August 7, 2009Unemployment Rate Falls to 9.4%
The U.S. unemployment rate for July unexpectedly fell to 9.4%, from 9.5% in June, the Labor Department said Friday.
August 7, 2009Opinion: Trucking and Lease Accounting Changes
The Financial Accounting Standards Board and its sister organization are working jointly on reviewing changes to the current U.S. Financial Accounting Standards 13 and International Accounting Standards 17 for leasing.
August 7, 2009Intermodal, Rail Traffic Drop for Week, Month
Pacer Reports Second-Quarter Loss
Transportation and third-party logistics firm Pacer International said it lost $7.3 million, or 21 cents per share, compared with a profit of $13.4 million, or 39 cents, a year earlier.
August 6, 2009Postal Service Loses $2.4 Bln in Fiscal 3Q
The U.S. Postal Service said that it lost $2.4 billion in its fiscal third quarter as mail volume continued to plummet.
August 6, 2009Wabash’s Second-Quarter Loss Widens
Trailer manufacturer Wabash National Corp. lost $17.9 million, or 59 cents a share, in the second quarter, compared with a loss of $3.2 million, or 11 cents, a year ago.
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