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
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, 2009BusinessGovernmentSafety
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
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, 2009BusinessSafetyGovernmentLogistics
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, 2009BusinessFuelGovernment
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, 2009BusinessLogistics
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, 2009BusinessGovernmentSafety
U.S. Worker Productivity Jumps to 6.4% Rate
U.S. workers’ productivity surged in the second quarter to an annual rate of 6.4%, the fastest in almost six years, the Labor Department said Tuesday.
August 11, 2009BusinessFuelGovernment
Diesel Rises 7.5¢ to $2.625; Gas Jumps 9¢
Diesel and gasoline prices both jumped Monday, with diesel rising 7.5 cents to $2.625 a gallon and gas gaining 9 cents to $2.647, the Department of Energy said.
August 11, 2009BusinessGovernment
Wholesale Inventories Fall for Tenth Month
Wholesale inventories fell in June for the tenth consecutive month, the Commerce Department said Tuesday.
August 11, 2009