Tank truck carrier Quality Distribution’s third-quarter net income was $720,000, or 4 cents a share, down from a profit of $1.5 million, or 8 cents, a year ago.
November 7, 2008Business
Excess Trucks and Equipment Piling Up in U.S. to Unusual Levels as Bankruptcies Increase
With more than 2,500 U.S. fleets having already declared bankruptcy in 2008, excess equipment has piled up as rarely before.
November 10, 2008FuelBusinessGovernment
Fuel Prices Continue Plunge
The U.S. retail diesel fuel average dropped 20 cents to $3.088 a gallon last week, the lowest price in more than a year as inventories remained high and demand remained low, the U.S. Department of Energy reported.
November 10, 2008FuelBusinessSafetyGovernmentLogistics
Clean Energy Acquires Las Vegas CNG Stations
The Regional Transportation Commission of Southern Nevada has agreed to transfer ownership of five Las Vegas public compressed natural gas fueling stations to Clean Energy Fuels Corp., Clean Energy said Friday.
November 7, 2008Business
Unemployment Rate Jumps to 6.5%
The U.S. unemployment jumped to 6.5% last month, from 6.1% in September, the Labor Department said Friday.
November 7, 2008BusinessGovernmentSafety
Intermodal Traffic Declines for Week
Rail and intermodal traffic declined last week compared with the same week a year ago, the Association of American Railroads said.
November 6, 2008BusinessGovernmentLogistics
Navistar Plans Production Cuts at Ontario Plant
Navistar International Corp. will scale back production and could lay off as many as 500 workers at its Ontario, Canada, truck plant, the Canadian Press reported Thursday.
November 6, 2008BusinessSafetyGovernment
Xata’s 4Q, Year-End Losses Narrow
Transportation software firm Xata Corp. said Thursday it lost $373,000, or 5 cents a share, in its fiscal fourth quarter, compared with a loss of $4.5 million, or 57 cents, a year ago.
November 6, 2008BusinessSafetyGovernmentLogistics
Mullen’s Third-Quarter Income Slips
Canadian transportation firm Mullen Group Income Fund said Thursday its third-quarter profit slipped to C$36.2 million, from C$38 million a year ago, while earnings per unit held at 45 cents.
November 6, 2008GovernmentBusinessSafety
Third-Quarter Productivity Rises 1.1%
Third-quarter U.S. worker productivity rose 1.1% in the third quarter, the Labor Department said Thursday.
November 6, 2008