A federal judge said she will block the concession plans at the ports of Los Angeles and Long Beach, including L.A.’s requirement that truck drivers be trucking company employees and not contractors, the Associated Press reported.
April 28, 2009Search
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Mullen’s First-Quarter Income Drops
Canadian transportation firm Mullen Group Income Fund said its first-quarter profit dropped 37.8% to C$31 million or 38 cents per unit, from C$49.8 million, or 62 cents per unit, a year ago.
April 29, 2009
Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
First-Quarter GDP Shows 6.1% Contraction
The U.S. economy contracted at an annual rate of 6.1% rate in the first quarter, following the 6.3% downturn in the fourth quarter of last year, the Commerce Department said Wednesday.
April 29, 2009Consumer Confidence Jumps in April
Consumer confidence jumped in April to the highest level since November, the Conference Board said Tuesday.
April 28, 2009Daimler Reports Loss for First Quarter
Daimler AG said Tuesday it lost $1.68 billion in the first quarter, compared with a profit of $1.73 billion a year ago, the Associated Press reported.
April 28, 2009Covenant Says It Lost $5.5 Million in First Quarter
Covenant Transportation Group said Tuesday it lost $5.5 million, or 39 cents per share, in the first quarter, compared with a loss of $7.8 million, or 56 cents, a year ago.
April 28, 2009Recession Hurting Used-Truck Exports
OXON HILL, Md. — The sale of used North American trucks to overseas markets may once again become a useful technique for maximizing revenue for sellers, industry executives said, but for now the recession has caused even that market to decline.
April 28, 2009Cargo Theft Still ‘On the Rise’
Cargo theft continues to be a problem for the freight transportation industry and could cause insurance premiums to increase, two experts said.
April 27, 2009Horizon Lines Loses $10 Million in 1Q
Ocean shipper Horizon Lines lost $10 million, or 33 cents a share, in the first quarter, compared with a profit of $700,000, or 7 cents a share, a year earlier.
April 27, 2009Swine Flu Outbreak May Slow Cross-Border Resolution With Mexico
The international swine flu outbreak may complicate resolution of the cross-border trucking dispute with Mexico, Reuters reported Monday.
April 27, 2009