YRC Worldwide lost $255 million, or $3.53 a share, from operations in the second quarter of 2009, down sharply from a year-ago profit of $35.8 million, or 62 cents, 39 cents of which came from a curtailment gain related to pensions.
July 31, 2009Business, Safety, Government
P.A.M. Reports $2.4 Million Second-Quarter Loss
Truckload carrier P.A.M. Transportation Services reported a second-quarter loss of $2.4 million, or 25 cents per share, compared with a loss of $1.3 million, or 14 cents, a year ago.
July 31, 2009Business, Government
Second-Quarter GDP Contracts 1%
The U.S. economy contracted at an annual rate of 1% in the second quarter after the worst contraction in 27 years, the Commerce Department said Friday.
July 31, 2009Business, Government
YRC Reports $255 Million 2Q Loss
Business, Safety, Government
NAFTA Surface Trade Declines In May
Surface transportation trade among the United States, Canada and Mexico fell 35.4% in May from a year earlier, the largest year-to-year drop on record, the Department of Transportation said Thursday.
July 30, 2009Government, Business, Safety
MAN’s Profit Plunges 95%
Substantial production cuts did not stop Germany-based truck maker MAN SE’s second-quarter profit from plummeting 95%, Bloomberg reported.
July 30, 2009Business, Safety, Government
Fed ‘Beige Book’ Says Decline is Slowing, Transportation Still Weak
The Federal Reserve said Wednesday that almost all Federal Reserve districts are seeing the pace of economic recession slow down, but the transportation sector is still showing signs of weakness.
July 29, 2009Government, Business, Safety
Navistar Increases Truck Prices $6,000 to $8,000 for 2010 Engines
Navistar said that its exhaust gas recirculation technology will increase International truck prices by up to $8,000 for the 2010 model year.
July 29, 2009Government, Business, Logistics
Norfolk Southern Profit Drops 45%
Norfolk Southern Corp. reported that their second-quarter profit fell 45% from a year ago.
July 29, 2009Business, Safety, Government
Durable Goods Orders Fall 2.5%
Durable goods orders declined 2.5% in June, but orders excluding transportation equipment increased 1.1%, the Commerce Department said Wednesday.
July 29, 2009Business, Government
Trust Fund Shortfall May Affect Road, Bridge Repairs, Mendez Says
The daily payments states receive from the Highway Trust Fund for repairs could be made only weekly or twice a month if the fund isn’t replenished, Federal Highway Administrator Victor Mendez told state highway officials.
July 28, 2009