Truckload carrier Celadon Group’s fiscal fourth-quarter net income fell to $2.16 million, or 10 cents per share, from $5.15 million, or 22 cents, in the same period last year.
August 5, 2008Business, Logistics
Expeditors’ Second-Quarter Income Improves
Logistics firm Expeditors International of Washington said its second-quarter net income rose 9% to $71.3 million, or 32 cents a share, from $65.5 million, or 30 cents, a year ago.
August 5, 2008Business, Safety, Government
ATRI Sets Survey to Gauge Top Issues Facing Trucking Industry
The American Transportation Research Institute said Tuesday it has launched a survey to gauge the trucking industry’s concerns over the most pressing issues facing trucking.
August 5, 2008Fuel, Business, Government
Diesel Drops Another Dime, Falling to $4.502 a Gallon
The price of diesel fuel continued its recent decline, falling 10.1 cents to $4.502 a gallon, the lowest price in 11 weeks, the Department of Energy said Monday.
August 5, 2008Business, Safety, Government
ISM Services Index Improves, But Still Shows Contraction
The U.S. economy’s service sector contracted in July for a second straight month, the Institute for Supply Management said Tuesday.
August 5, 2008Government, Business, Safety, Fuel
Crude Oil Falls to $118 a Barrel
Oil prices continued to plunge Tuesday, falling more than $3 in early trading to $118 a barrel as a tropical storm did minimal damage in the Gulf of Mexico and speculation that slower economic growth will curb demand, Bloomberg reported.
August 5, 2008Equipment, Business
FleetPride Acquires Truck & Trailer Supply
Heavy-duty truck and trailer parts aftermarket distributor FleetPride Inc. said it has acquired Truck & Trailer Supply, based in Roswell, N. Mex. Terms were not disclosed.
August 4, 2008Business, Fuel, Technology, Equipment, Safety, Government
Volvo Offers Bendix Air Disc Brakes on Heavy Trucks
Volvo Trucks North America said Monday it is now offering Bendix heavy-duty air disc brakes on Volvo VN and VT model trucks.
August 4, 2008Business
Trailer Bridge Takes 2Q Loss, Appoints New Chairman
Trailer Bridge Inc. said Monday it took a loss in the second quarter and that it appointed a new chairman.
August 4, 2008Business, Safety, Government
DOT To Extend Mexican Truck Program for 2 Years
The Department of Transportation said Monday it plans to continue a program to allow Mexican trucks into the United States for two years — just days after a House Committee passed a measure to end the program next month.
August 4, 2008