Truck dealership Rush Enterprises said its fourth-quarter earnings dipped to $12.3 million, or 32 cents a share, from $15.9 million, or 42 cents, for the previous fourth quarter.
February 13, 2008BusinessSafetyGovernment
Court Hears Arguments on Mexican Trucks Program
A federal appeals court heard arguments Tuesday whether the Bush administration can go ahead with the Transportation Department’s Mexican trucks pilot program, the Associated Press reported.
February 12, 2008BusinessSafety
GAO Cites Risks to Public-Private Partnerships
While there are some benefits, the risks associated with public-private highway partnership agreements range from higher tolls and traffic diversion to political trade-offs and potential tax losses, according to a report issued by the Government Accountability Office.
February 12, 2008BusinessSafetyGovernmentLogistics
Pacer’s Fourth-Quarter Profit Mixed
Transportation and third-party logistics firm Pacer International’s fourth-quarter profit slipped to $20.6 million, from $21.5 million a year ago, but per-share earnings rose to 59 cents a share, from 57 cents a year earlier.
February 12, 2008GovernmentBusinessSafety
GM Posts 4Q, Full-Year Loss
General Motors Corp. said Tuesday it took a fourth-quarter loss of $722 million and that it enhanced a buyout plan for its 74,000 U.S. United Auto Workers employees, Bloomberg reported.
February 12, 2008BusinessSafety
Accident Shuts Down I-84 in Conn.
A Tuesday morning truck accident that caused hydrogen gas to leak prompted a shutdown of Interstate 84 in both directions near Waterbury, Conn., the Associated Press reported.
February 12, 2008BusinessGovernmentSafetyFuel
Letters to the Editor: Reefer Rules, Fuel Tax Increase, Left Lane ‘Ban’
Transport Topics does a service to its readership with its continuing coverage of environmental regulations, and the Jan. 21 issue is no exception.
February 11, 2008GovernmentBusinessTechnologyEquipmentSafety
Ryder Boosts Dividend
Ryder System’s board approved a 2-cent increase in its quarterly dividend, to 23 cents a share.
February 11, 2008BusinessSafetyGovernmentLogistics
NHTSA Seeks Ways to Use Technology to Reduce Truck-Involved Fatalities
A high-ranking federal safety regulator said truck-involved fatalities have been stuck at a “relatively flat” level for years, and that trend leads officials at the National Highway Traffic Safety Administration to recommend using “Buck Rogers”-style technologies to lower accident rates.
February 11, 2008BusinessSafetyGovernment
Trimac Names Connard U.S. Unit President
Bulk transporter Trimac Transportation said it had promoted Tom Connard to president of Trimac’s U.S. operations.
February 11, 2008