Ryder System said Thursday its second-quarter profit fell to $22.9 million, or 41 cents a share, from $62.9 million, or $1.09, a year earlier.
July 23, 2009Search
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Senators Address 3 DOT Nominations
The Senate Commerce, Science and Transportation Committee advanced the nominations of several other key administration officials to the full Senate on July 21, including the nomination of Deborah Hersman to lead the National Transportation Safety Board.
July 27, 2009Standards Body Passes on ‘Hot’ Fuel Rule
Trucking groups hailed the decision by the National Conference on Weights and Measures not to proceed with proposals to regulate the temperature of retail fuel at the pump.
July 27, 2009Diesel Drops 4.6¢ to $2.496 in 4th Straight Weekly Decline
U.S. retail diesel prices dropped 4.6 cents last week to $2.496 a gallon, the Department of Energy reported — the fourth straight decline — but rising crude oil costs will soon lead to a reversal of that trend, a department analyst predicted.
July 27, 2009Vitran’s Second-Quarter Profit Declines
Vitran Corp. said Thursday its second-quarter income fell to $400,000, or 3 cents a share, compared with $4.6 million, or 34 cents, a year ago.
July 23, 2009BNSF’s 2Q Income Improves Despite Lower Volume
Burlington Northern Santa Fe Corp. said its second-quarter profit improved but its revenue fell on lower overall freight demand.
July 23, 2009TransForce Reports Lower 2Q Income
Canadian transportation firm TransForce Inc. said its second-quarter net income fell to C$18 million, or 21 cents a share, from C$19.3 million, or 22 cents, a year ago.
July 23, 2009Intermodal, Rail Traffic Continue to Decline
Intermodal rail traffic fell 18.8% last week compared with the same week last year, the Association of American Railroads said.
July 24, 2009Knight’s 2Q Income Flat from a Year Ago
Truckload carrier Knight Transportation’s second-quarter profit was about even with a year ago at $12.6 million, or 15 cents a share, compared with last year’s $12.7 million, or 15 cents.
July 22, 2009C.H. Robinson’s 2Q Profit Improves
Transportation and third-party logistics firm C.H. Robinson Worldwide reported a second-quarter profit of $92 million, or 54 cents a share, up slightly from $90 million, or 52 cents a share, a year ago.
July 21, 2009