Truckload carrier Werner Enterprises said its fourth-quarter profit rose 20% as it trimmed the size of its fleet to save money.
January 23, 2009Business, Safety, Government
YRC to Use Brand Name for Integrated Network
Less-than-truckload carrier YRC Worldwide said Friday that it will use its YRC brand name for its combined Yellow Transportation and Roadway network.
January 23, 2009Business
Werner’s 4Q Profit Improves
Business, Safety, Government
Senate Confirms DOT, EPA Cabinet Picks
The Senate Thursday confirmed President Obama’s picks to head the Department of Transportation and Environmental Protection Agency, the Associated Press reported.
January 23, 2009Business
Celadon Reports Flat 2Q Income
Truckload carrier Celadon Group said its fiscal second-quarter profit was unchanged at $1.7 million, or 8 cents a share, from a year ago.
January 22, 2009Business, Safety
Rail, Intermodal Traffic Fall for Week
Rail and intermodal traffic fell for the week ended Jan. 17 from a year ago, the Association of American Railroads said.
January 22, 2009Business, Fuel, Government
Forward Air Issues 4Q Profit Warning
Forward Air Corp. lowered its fourth-quarter earnings guidance, citing “severely worsening economic conditions” in the second half of the quarter.
January 22, 2009Business, Logistics
Union Pacific’s 4Q Profit Jumps 35%
Union Pacific Corp. said Thursday its fourth-quarter profit rose 35% to $661 million, or $1.31 per share, from $491 million, or 93 cents per share, last year.
January 22, 2009Business, Fuel
Diesel Drops 1.8¢ to $2.296 a Gallon
After rising for the first time in three months last week, retail diesel resumed its downward trend, falling 1.8 cents to $2.296 a gallon while gasoline rose for the third straight week, the Department of Energy said Wednesday.
January 22, 2009Business
Jobless Claims Rise for Week
Initial jobless claims rose last week by 62,000 claims, to 589,000 for the week ended Saturday, the Labor Department said Thursday.
January 22, 2009Business, Safety, Government
Senate Panel Approves LaHood as DOT Secretary
A Senate panel Wednesday approved Ray LaHood to be Secretary of Transportation, passing his nomination by President Obama to the full Senate, the New York Times reported.
January 22, 2009