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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Volvo Backs Longer, Heavier Trucks
BOSTON Volvo Trucks North America said the United States should adopt a policy of allowing longer, heavier trucks on the nations highways as a way to increase driver productivity and to conserve fuel.
May 11, 2009
Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
First-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, 2009Oil Closes at 6-Month High Over $56 a Barrel
Oil rose more than $2 Wednesday to close above $56 a barrel the highest price in almost six months following an Energy Department report that showed a smaller-than-expected increase in stockpiles, Bloomberg reported.
May 6, 2009Patriot Transportations 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, 2009UPS Boosting Asian Operations Centers
UPS Inc. announced plans Tuesday to boost its global post-sales service options by expanding a field stocking location network in India and enhancing its Asia logistics customer support center in the Philippines.
May 5, 2009ISM Services Index Improves in April
The U.S. economys service sector rate of contraction slowed last month, the Institute for Supply Management said Tuesday.
May 5, 2009Minn.s 5% Biodiesel Mandate Takes Effect
Minnesota has implemented its requirement mandating that all diesel sold in the state contain at least 5% biodiesel, the Associated Press reported.
May 5, 2009ArvinMeritor Reports Fiscal 2Q Loss
Truck components maker ArvinMeritor said it lost $52 million, or 72 cents per share, in its fiscal second quarter, compared with a profit of $24 million, or 33 cents per share, a year ago.
May 6, 2009Going Green Can Offer Dealers Financial Benefits, Panelists Say
OXON HILL, Md. Truck dealers and their fleet customers who feel forced to concern themselves with government environmental regulations should consider embracing the subject, as green issues carry increasing weight with the shipping business community and conservation can lead to better profitability, said panelists at a dealer workshop here.
April 28, 2009