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Vitran Reports Lower 2Q Income

Vitran Corp. said Wednesday its second-quarter profit fell 16% to $4.6 million, or 34 cents a share, from $5.5 million, or 41 cents, a year earlier.

July 23, 2008

Knight Reports Lower 2Q Earnings

Truckload carrier Knight Transportation’s second-quarter profit fell to $12.7 million, or 15 cents a share, from $18.2 million, or 21 cents, a year ago.

July 24, 2008

House OKs Additional Highway Funding

The House approved a bill by a lopsided margin Wednesday that would restore $8 billion to the federal Highway Trust Fund to avert an expected revenue shortfall in the coming fiscal year.

July 23, 2008

Fed ‘Beige Book’ Cites Difficult Economy

U.S. economic activity remained generally weak in June and early July, and several regions reported trucking companies were having a hard time recouping higher costs, the Federal Reserve said Wednesday.

July 23, 2008

Canada’s Two Largest Railroads Report Lower Income

Canada’s two biggest freight railroads reported downturns in their second-quarter profits, Bloomberg reported.

July 22, 2008

Caterpillar’s 2Q Income Jumps on International Demand

Heavy equipment and diesel engine maker Caterpillar Inc. said Tuesday its second-quarter profit rose 34%, led by international demand.

July 22, 2008

C.H. Robinson’s 2Q Profit Improves

Transportation and third-party logistics firm C.H. Robinson Worldwide said its second-quarter profit rose to $90.4 million, or 52 cents a share, from $82.3 million, or 47 cents, a year ago.

July 22, 2008

Letters to the Editor: Adding Truck Weight, Carrier Failures, Peters on Gas Tax

The EPA has mandated equipment on our trucks, which adds weight. Why not allow the carriers the chance to recoup the payload?

July 23, 2008

Senate Committee Approves Amendment Aimed at Halting Mexico Trucking Program

The Senate Appropriations Committee approved an amendment to the Department of Transportation’s fiscal 2009 budget aimed at halting the U.S.-Mexico trucking pilot program.

July 23, 2008