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Wholesale Inventories Fall 1.4%

Wholesale inventories fell 1.4% in December, the Commerce Department said Tuesday.

February 10, 2009

Pacer Reports Loss for 4Q, Year

Transportation and third-party logistics firm Pacer International said late Wednesday it took a fourth-quarter loss of $65.1 million, or $1.87 a share, compared with a profit of $20.6 million, or 59 cents, a year earlier.

February 11, 2009

DOT Freight Transportation Index Falls 3%

The Department of Transportation’s freight transportation services index declined 3% in December from a year earlier, DOT said Wednesday.

February 11, 2009

UPS, Postal Service Set Retail-Return Partnership

UPS Inc. said Tuesday it is partnering with the U.S. Postal Service for a new retail-return service in which consumers can send returns by UPS via their own mailboxes.

February 10, 2009

Vitran Reports Fourth-Quarter Loss

Vitran Corp. said Tuesday it lost $ $3.2 million, or 23 cents a share, compared with a profit of $1.7 million, or 12 cents, a year earlier.

February 10, 2009

Forward Air’s 4Q Income Drops

Forward Air Corp. said Tuesday its fourth-quarter earnings fell 33% to $8.3 million, or 29 cents a share, from $12.4 million, or 43 cents, a year ago.

February 10, 2009

DOE Holds ’09 Diesel Forecast at $2.28 a Gallon

The Energy Department held its projection for diesel prices from a previous forecast, saying trucking’s main fuel would average $2.28 per gallon this year and $2.55 in 2010.

February 10, 2009

Senate Approves $838 Billion Stimulus

The Senate approved Tuesday the $838 billion economic stimulus bill proposed by President Obama, the Associated Press reported.

February 10, 2009

New Jersey, Others Consider Fining Drivers Who Fail to Remove Snow From Vehicles

New Jersey is poised to adopt a law that would fine drivers who fail to clear snow and ice from their vehicle rooftops, while the District of Columbia and Connecticut are taking steps down a similar legislative path.

February 9, 2009