FedEx Corp.’s Memphis, Tenn., home airport remained the world’s busiest for cargo for the 18th straight year as the gap with Hong Kong widened because of a drop in shipments from Asia, Bloomberg reported Thursday.
February 4, 2010BusinessGovernmentEquipment
Cummins, Chrysler Set Contract Extension
Cummins Inc. announced a multi-year extension of its current agreement with Chrysler Group, continuing a partnership that began 21 years ago.
February 4, 2010BusinessSafetyGovernmentLogistics
Opinion: Truck Driver Training: The Reality
We almost made it through 2009 without another national news exposé of the trucking industry, but then came November and December. This time, the focus was on truck driver training and motor carrier employment practices.
February 4, 2010BusinessSafetyGovernment
Covenant’s 4Q Loss Narrows
Covenant Transportation Group said late Wednesday its fourth-quarter loss narrowed from a year ago, as freight revenue declined.
February 3, 2010Government
Oil Holds Over $77 Following DOE Report
Oil prices held over $77 a barrel Wednesday following a report that showed inventories rose last week, Bloomberg reported.
February 3, 2010GovernmentBusiness
Great Dane Buys Refrigerated Truck Body Maker
Great Dane Trailers said Wednesday it has acquired Johnson Refrigerated Truck Bodies, which makes insulated fiberglass refrigerated truck bodies. Terms were not released.
February 3, 2010BusinessSafetyGovernment
Patriot’s Fiscal 1Q Earnings Decline
Tank and bulk carrier Patriot Transportation Holding’s fiscal first-quarter net income fell 23.5% to $1.34 million, or 43 cents per share, from $1.7 million, or 56 cents, a year ago.
February 3, 2010BusinessSafetyGovernment
ISM Services Index Improves
The U.S. economy’s service sector improved in January for the first time in three months, the Institute for Supply Management said Wednesday.
February 3, 2010BusinessSafetyGovernmentLogistics
C.H. Robinson’s 4Q Profit Declines
Transportation and third-party logistics firm C.H. Robinson Worldwide reported a fourth-quarter profit of $87.7 million, or 52 cents a share, down slightly from $88.9 million, or 52 cents a share, a year ago.
February 2, 2010GovernmentBusinessSafety
Obama Requests $78.8 Billion for DOT
The Department of Transportation would get an additional $2 billion next year if Congress approves the budget proposal made by President Obama on Monday.
February 2, 2010