The House voted late Tuesday to block the Bush administration’s planned Mexican trucks program, limiting visiting trucks to the current border-area zone, Bloomberg reported.
July 25, 2007BusinessGovernment
Arkansas Best’s 2Q Profit Falls
Arkansas Best Corp. said Wednesday its second-quarter net income fell to $19.6 million or 78 cents a share, from $29 million or $1.13 a year ago.
July 25, 2007BusinessSafetyGovernment
Covenant Reports 2Q Loss
Covenant Transportation Group said Wednesday it lost $11.3 million or 80 cents a share, compared with a loss of $398,000 or 3 cents a year earlier.
July 25, 2007GovernmentBusinessSafety
Court Issues Split Ruling on Drivers’ Hours of Service Rule
A federal court issued a split ruling Tuesday on the government’s rules governing truck driver hours of service, rejecting a petition by a group representing owner-operators but granting a separate request by a public safety advocate group.
July 25, 2007BusinessLogistics
Norfolk Southern’s 2Q Income Improves
Eastern freight railroad Norfolk Southern Corp. said Wednesday its second-quarter earnings grew 5% to $394 million or 98 cents a share, from $375 million or 89 cents a year ago.
July 25, 2007BusinessSafetyGovernmentLogistics
C.H. Robinson’s 2Q Income Jumps 24%
Transportation and logistics firm C.H. Robinson Worldwide’s second-quarter profit jumped 24% to $82.3 million or 47 cents a share, from $66.6 million or 38 cents a year ago.
July 25, 2007BusinessLogistics
Existing ºÚÁϳԹÏÍø Sales fall 3.8%
Existing homes sales fell in June for a fourth straight month, declining 3.8%, the National Association of Realtors said Wednesday.
July 25, 2007Business
DIESEL --- ¢
July 24, 2007
Business
BNSF’s Second-Quarter Income Declines as Intermodal Drops
Western freight rail line Burlington Northern Santa Fe Corp. earned $433 million or $1.20 a share for the second quarter, down from $471 million or $1.27 a year ago.
July 24, 2007Business
UPS’ 2Q Profit Tops $1 Billion
UPS Inc. said Tuesday its second-quarter net income rose 4.1% to $1.1 billion or $1.04 per share, from $1.06 billion or 97 cents a year ago.
July 24, 2007