The national average price of diesel fuel fell by less than a penny, dipping 0.8 cent to $2.221 a gallon, the Department of Energy reported.
April 21, 2009BusinessFuelGovernment
Forward Air Reports 1Q Loss
Forward Air Corp. said it lost $3.1 million, or 11 cents per share, compared with a profit of $10 million, or 35 cents, a year ago.
April 21, 2009GovernmentBusinessTechnologyEquipmentSafety
Hino Posts $628 Million Loss on Pension Charges
Hino Motors Ltd., Japan’s largest heavy-duty truck maker, had a wider-than-expected annual loss because of falling sales and one-time costs from a change in its pension system, Bloomberg reported Tuesday.
April 21, 2009BusinessSafetyGovernmentLogistics
Load Volumes Decline for Logistics Firms but Gross Margins Rise, Voltmann Says
Freight brokers and logistics providers, who met earlier this month in San Antonio, provided more evidence of the bleak condition of the freight transportation business and also moved to gather data on the size of their segment of the industry.
April 21, 2009GovernmentBusinessSafety
Court Dismisses Teamsters’ Suit Over Mexican Trucks
A federal appeals court Monday dismissed a lawsuit by the Teamsters union and other groups who had challenged a cross-border trucking program with Mexico, saying the suit was moot because the Obama administration and Congress ended the program.
April 20, 2009BusinessLogistics
Canadian National’s 1Q Income Improves
Canadian National Railway said late Monday its first-quarter net income rose to C$424 million, or 90 cents a share, from C$311 million, or 64 cents, a year ago.
April 20, 2009BusinessSafetyGovernment
LaHood: Transport Projects’ Savings Must Be Reinvested
Transportation Secretary Ray LaHood said Monday that federal money saved on state transportation projects must be used for additional transportation projects.
April 20, 2009BusinessEquipment
Eaton Posts $52 Million First-Quarter Loss
Vehicle parts manufacturer Eaton Corp. said Monday it lost $52 million on the first quarter as sales slumped.
April 20, 2009FuelGovernmentBusiness
Iowa Senate Approves 5% Biodiesel Mandate
The Iowa Senate approved a bill last week that would require that diesel fuel sold in the state contain 5% biofuel, the Des Moines Register reported.
April 20, 2009Business
Weyerhaeuser to Close Trucking Unit
Forest products company Weyerhaeuser Co. will close its trucking division by the end of June, the Associated Press reported.
April 20, 2009