Saia Inc. said Friday it lost $6.3 million in the first quarter “due to an unprecedented reduction in tonnage and increasing pricing pressure.â€
April 24, 2009Search
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Two Bills Target Road Lease Deals
Prominent members of the Senate’s tax-writing finance committee introduced legislation April 23 that would pare back the tax benefits private companies gain from leasing public highways, making those privatization deals less attractive to investors.
April 27, 2009
Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
High Inventory Levels Hinder U.S. Recovery
Economic recovery for trucking probably still is several months away, based on steep increases in retail and industrial inventories, according to several industry officials and analysts.
April 27, 2009Fleet Bankruptcy Pace Slows
Lower fuel prices, along with the assistance of some forgiving financiers, limited the number of first-quarter trucking bankruptcies to 480, slightly more than in the last three months of 2008, but far below the 935 firms that failed in the corresponding period a year ago.
April 27, 2009March New ºÚÁϳԹÏÍø Sales Fall 0.6%
New home sales fell 0.6% in March, the Commerce Department said Friday.
April 24, 2009Durable Goods Orders Decline 0.8%
Durable goods orders fell 0.8% in March, the Commerce Department said Friday.
April 24, 2009Letters: Rooftop Snow (Cont.), GVW Increase, Truck APUs
I agree with the letter writer’s arguments concerning the liability aspects of drivers on top of trailers unless proper fall safety equipment is used.
April 27, 2009Ending Accounting Gimmicks
Legislation introduced by two prominent members of the Senate Finance Committee could go a long way toward taking the air out of some politicians’ stampede to raise short-term revenue by leasing out or selling public highways and other public assets.
April 27, 2009Arkansas Best Reports $18 Million 1Q Loss
Arkansas Best Corp. Wednesday reported a first-quarter loss of $18.2 million, or 73 cents a share, compared with a profit of $8.5 million, or 34 cents, a year ago.
April 22, 2009Load Volumes Decline for Logistics Firms but Gross Margins Rise, Voltmann Says
Freight brokers and logistics providers, who met earlier this month in San Antonio, provided more evidence of the bleak condition of the freight transportation business and also moved to gather data on the size of their segment of the industry.
April 21, 2009