Tank truck carrier Quality Distribution said its third-quarter net income plunged to $1.4 million or 7 cents a share, from $38 million or $1.94 a year ago.
November 8, 2007Business
Express-1 Reports Lower 3Q Earnings
Express-1 Expedited Solutions said Thursday it earned $499,000 or 2 cents a share in the third quarter, down from with $905,000 or 3 cents last year.
November 8, 2007BusinessSafetyGovernment
Bill Davis Trucking Files Bankruptcy
Bill Davis Trucking, a truckload carrier based in Batesville, Ark., filed for protection from creditors under Chapter 11 of the U.S. Bankruptcy Act late last month.
November 8, 2007BusinessGovernment
Wholesale Inventories Rise 0.8%; Sales Jump 1.3%
Wholesale inventories rose 0.8% in September, the Commerce Department said Wednesday.
November 7, 2007BusinessSafetyGovernment
House Panel Approves $2 Bln. to Toughen Bridge Inspection Standards
WASHINGTON — The House Transportation and Infrastructure Committee last week approved a $2 billion plan to toughen bridge inspection standards and limit states’ ability to spend federal bridge funds on other projects.
November 7, 2007BusinessSafetyGovernmentLogistics
Mullen’s Third-Quarter Income Gains
Canadian transportation firm Mullen Group Income Fund’s third-quarter profit rose to C$38 million or 45 cents a share, from C$32.1 million or 45 cents a year earlier.
November 7, 2007BusinessSafetyGovernmentLogistics
Pacer’s President Steps Down; Orris to Take Intermodal Post
Transportation and logistics firm Pacer International said Wednesday that its president, Tom Shurstad, is leaving the company and that its retired chief executive officer, Don Orris, will become president of its intermodal segment.
November 7, 2007GovernmentBusinessSafety
Third-Quarter Productivity Jumps 4.9%
U.S. worker productivity rose at an annual rate of 4.9% in the third quarter, the most in four years, the Labor Department said Wednesday.
November 7, 2007GovernmentBusinessSafetyFuel
Oil Tops $98 a Barrel
Crude oil rose above $98 a barrel for the first time Wednesday as the dollar slid to a record low and analysts forecast U.S. stockpiles declined for a third week, Bloomberg reported.
November 7, 2007Business
Highway Watch Membership Tops 750,000
Highway Watch said its enrollment recently topped 750,000.
November 6, 2007