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DOT Freight Index Drops

The Department of Transportation’s freight transportation services index for December fell 0.1% from a year earlier, DOT said Wednesday.

February 13, 2008

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, 2008

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, 2008

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, 2008

Ryder Boosts Dividend

Ryder System’s board approved a 2-cent increase in its quarterly dividend, to 23 cents a share.

February 11, 2008

Towne Air Freight Buys Synergy Cargo Logistics

Towne Air Freight said it acquired Synergy Cargo Logistics, which will give Towne a greater presence in the southwestern United States. Terms were not disclosed.

February 11, 2008

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

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, 2008

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 Rogersâ€-style technologies to lower accident rates.

February 11, 2008