U.S. intermodal rail traffic fell 12.6% in the week ended Saturday compared with the same week last year, the Association of American Railroads said.
October 23, 2009BusinessSafetyGovernmentLogistics
TransForce Reports Lower 3Q Income
Canadian transportation and logistics firm TransForce Inc. said its third-quarter net income fell to C$17 million, or 19 cents a share, from C$26.5 million, or 31 cents, a year ago.
October 23, 2009GovernmentBusinessSafety
Volvo Reports Fourth Straight Loss
Volvo AB said Friday it lost $427 million, or 21 cents a share in the third quarter, less than analysts’ estimates, as labor reductions showed savings faster than anticipated, Bloomberg reported.
October 23, 2009GovernmentBusinessSafety
Universal Truckload Services’ Income Drops
Universal Truckload Services said its third-quarter net income plunged 68.6% to $1.7 million, or 11 cents per share, from $5.4 million, 34 cents, a year ago.
October 22, 2009BusinessTechnologyEquipmentSafety
Iteris’ Income Falls for Fiscal 2Q
Iteris Inc., which makes lane-departure warning systems for the trucking industry, said Thursday its fiscal second-quarter profit decreased from a year ago.
October 22, 2009BusinessGovernmentSafety
Caterpillar Announces Next CEO
Heavy equipment manufacturer Caterpillar Inc. said Thursday that Douglas Oberhelman will become its chief executive officer in July 2010.
October 22, 2009BusinessTechnologyEquipmentSafety
Ryder’s Third-Quarter Income Declines
Ryder System said Thursday its third-quarter profit fell to $24 million, or 43 cents a share, from $70.2 million, or $1.24, a year earlier.
October 22, 2009BusinessSafetyGovernment
Knight’s 3Q Income Declines
Truckload carrier Knight Transportation’s third-quarter profit fell to $13.1 million, or 16 cents a share, compared with $16 million, or 19 cents, a year ago.
October 21, 2009BusinessSafetyGovernment
Trucking Sluggish in Some Regions, Fed ‘Beige Book’ Says
Despite some signs of economic recovery, transportation services activity in most regions declined in the six weeks through mid-October, the Federal Reserve said Wednesday.
October 21, 2009BusinessSafetyGovernmentLogistics
C.H. Robinson’s 3Q Profit Improves
Transportation and third-party logistics firm C.H. Robinson Worldwide reported a third-quarter profit of $95.5 million, or 57 cents a share, up slightly from $93.6 million, or 54 cents a share, a year ago.
October 21, 2009