Saia Inc. said Friday it lost $6.3 million in the first quarter “due to an unprecedented reduction in tonnage and increasing pricing pressure.â€
April 24, 2009FuelBusinessGovernment
Fleet Bankruptcy Pace Slows
Lower fuel prices, along with the assistance of some forgiving financiers, limited the number of first-quarter trucking bankruptcies to 480, slightly more than in the last three months of 2008, but far below the 935 firms that failed in the corresponding period a year ago.
April 27, 2009BusinessGovernment
March New ºÚÁϳԹÏÍø Sales Fall 0.6%
New home sales fell 0.6% in March, the Commerce Department said Friday.
April 24, 2009BusinessGovernment
Durable Goods Orders Decline 0.8%
Durable goods orders fell 0.8% in March, the Commerce Department said Friday.
April 24, 2009BusinessSafetyGovernment
Knight’s First-Quarter Income Improves
Truckload carrier Knight Transportation’s first-quarter profit rose to $11.7 million, or 14 cents a share, from $11.4 million, or 13 cents, a year ago.
April 22, 2009BusinessGovernmentSafety
Arkansas Best Reports $18 Million 1Q Loss
Arkansas Best Corp. Wednesday reported a first-quarter loss of $18.2 million, or 73 cents a share, compared with a profit of $8.5 million, or 34 cents, a year ago.
April 22, 2009GovernmentBusinessSafety
Court Backs FedEx on Drivers’ Status
FedEx Corp.’s small-package delivery drivers may be classified as independent contractors and not company employees, a federal appeals court ruled Tuesday, Bloomberg reported.
April 21, 2009BusinessSafetyGovernmentLogistics
C.H. Robinson Reports Flat 1Q Income
Transportation and third-party logistics firm C.H. Robinson Worldwide’s first-quarter profit dipped slightly to $85.4 million, or 50 cents a share, from $86.3 million, or 50 cents, a year ago.
April 21, 2009FuelBusinessLogisticsGovernment
Diesel Dips 0.8¢ to $2.221; Oil Hits Seven-Week Low
The national average price of diesel fuel fell by less than a penny, dipping 0.8 cent to $2.221 a gallon, the Department of Energy reported.
April 21, 2009BusinessFuelGovernment
Forward Air Reports 1Q Loss
Forward Air Corp. said it lost $3.1 million, or 11 cents per share, compared with a profit of $10 million, or 35 cents, a year ago.
April 21, 2009