Transportation and third-party logistics firm Pacer International reported a first-quarter loss of $177.4 million, or $5.11 per share, compared with a profit of $13.4 million, or 38 cents, a year earlier.
May 7, 2009Search
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Proposal Would Boost Biofuels, Set Emission-Reduction Targets
The Obama administration last week issued a renewable fuel standard proposal aimed at growing the supply of biofuels and for the first time requiring them to meet emission-reduction targets.
May 11, 2009Senate to Consider Stiffer Rail Competition Rules
Freight railroads are facing their stiffest legislative challenge in three decades, as a bill that would make the first changes to the industry’s competitive environment since 1980 is slated for a Senate vote in a matter of weeks.
May 11, 2009Letters: Safe Driving, Mileage Tax, Sleep Apnea
I agree wholeheartedly with op-ed writer Ryan McDonald’s opinion on the value of tail-ride checks, when they are performed by safety professionals. These on-the-road driver observations are an integral part of my company’s services to the Canadian transportation industry.
May 11, 2009First-Quarter Productivity Improves
First-quarter U.S. worker productivity improved at an 0.8% annual rate in the first quarter, the Labor Department said Thursday.
May 7, 2009Intermodal, Rail Traffic Fall for Week, Month
Intermodal rail traffic fell 16.8% for the week ended Saturday, compared with the same week last year, the Association of American Railroads said.
May 8, 2009Patriot Transportation’s Fiscal 2Q Income Rises
Tank and bulk carrier Patriot Transportation Holding said Wednesday its fiscal second-quarter net income rose to $1.4 million, or 45 cents a share, from $626,000, or 20 cents, a year ago.
May 6, 2009ISM Services Index Improves in April
The U.S. economy’s service sector rate of contraction slowed last month, the Institute for Supply Management said Tuesday.
May 5, 2009Xata Narrows Loss in 2Q
Transportation software firm Xata Corp. said Monday it lost $443,000, or 5 cents per share, in its fiscal second quarter, compared with a loss of $1.3 million, or 17 cents, a year ago.
May 4, 2009EPA Faces Question on Ethanol’s Effects
The Environmental Protection Agency is close to proposing standards for ethanol use, but officials face a question on whether or not ethanol’s indirect effects on the environment should be considered in the rule-making process, the Associated Press reported Sunday.
May 4, 2009