A large storm system stretching from Arkansas into the Northeast has left roads with as much as three inches of ice in many areas, the Associated Press reported Wednesday.
January 28, 2009BusinessSafetyGovernment
Knight’s Fourth-Quarter Profit Rises
Truckload carrier Knight Transportation’s fourth-quarter profit rose to $16.1 million, or 19 cents a share, from $13.8 million, or 16 cents, a year ago.
January 28, 2009Business
Post Office Asks to Cut a Delivery Day
The U.S. Postmaster General asked a Senate subcommittee Wednesday to allow the U.S. Postal Service to reduce its six-days-a-week delivery schedule to five days, news services reported.
January 28, 2009Business
Fed Holds Interest Rate at Record Low
The Federal Reserve voted Wednesday to keep a key U.S. interest rate at a record low “target range” of zero to 0.25%.
January 28, 2009GovernmentBusinessLogistics
Norfolk Southern’s 4Q Profit Improves
Norfolk Southern Corp. said its fourth-quarter profit rose 13% on higher shipping costs, though its intermodal business declined.
January 28, 2009BusinessSafetyGovernmentLogistics
C.H. Robinson’s 4Q Income Rises
Transportation and third-party logistics firm C.H. Robinson Worldwide said its fourth-quarter profit rose to $88.9 million, or 52 cents a share, from $85.3 million, or 49 cents, a year ago.
January 27, 2009Business
Marten’s 4Q Income Improves
Refrigerated truckload carrier Marten Transport’s fourth-quarter net income rose to $5.8 million, or 27 cents a share, from $3 million, or 14 cents a year ago.
January 27, 2009BusinessSafety
December Truck Tonnage Plunges 14.1%
Truck tonnage plummeted 14.1% in December from the same month last year, the biggest year-over-year decrease since February 1996, American Trucking Associations said late Monday.
January 27, 2009Business
Con-way Reports 4Q Loss
Con-way Inc. late Monday reported a fourth-quarter loss, suspended its full-year earnings outlook and set a pay freeze for management and administrative employees.
January 27, 2009FuelBusinessLogisticsGovernment
Diesel Drops 2.8¢ to $2.268
Diesel fuel’s national average price fell 2.8 cents to $2.268 a gallon, the Energy Department said Monday.
January 27, 2009