A big snowstorm that dumped more than a foot of snow in the Midwest left hundreds of motorists caught in traffic jams and delayed about 1,000 flights at Chicago’s O’Hare International Airport, news services reported.
February 7, 2008Search
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Carriers Focus on Business Fundamentals to Get Through Hard Times
If there is a silver lining in the current freight recession, it might be that the challenging economic environment is forcing carriers to focus more closely on business fundamentals to keep the bottom line healthy.
February 11, 2008
Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
DOT Budget Cuts Highway Funding
President Bush’s proposed Transportation Department budget for next year would increase DOT’s spending slightly but cut highway spending more than $2 billion from last year, and it proposes to borrow funds from mass transit to cover a shortfall in the Highway Trust Fund.
February 11, 2008Wright Express’s 4Q Earnings Dip
Wright Express Corp. said it earned $4.6 million, or 11 cents a share, in the fourth quarter, down from $19 million, or 46 cents, the previous year.
February 7, 2008Xata’s Fiscal First-Quarter Loss Widens
Transportation software firm Xata Corp. said Thursday it lost $1 million, or 14 cents a share, in its fiscal first quarter, compared with a loss of $554,000, or 9 cents, a year ago.
February 7, 2008Hub Group’s Fourth-Quarter Earnings Improve
Third-party logistics company and freight broker Hub Group’s fourth-quarter profit rose 33% to a record $18 million, or 47 cents per share, up from $13.5 million, or 34 cents, a year earlier.
February 7, 2008Patriot Reports First-Quarter Loss
Patriot Transportation Holding took a fiscal first-quarter loss of $139,000 or 5 cents a share, compared with net income of $2.2 million or 69 cents a year earlier.
February 6, 2008Fourth-Quarter Productivity Rises 1.8%
U.S. worker productivity rose at an annual rate of 1.8% in the fourth quarter, the Labor Department said Wednesday.
February 6, 2008Volvo’s N. American Sales Decline
Volvo AB said its fourth-quarter net income rose, led mostly by increased business in Eastern Europe that offset a slump in North American sales, Bloomberg reported Wednesday.
February 6, 2008R.I. Checking Bridges in Inspections Program
Rhode Island transportation officials are checking the designs of 15 bridges in the state for a flaw that may have contributed to a fatal bridge collapse in Minneapolis last August, the Associated Press reported.
February 4, 2008