Truck stop chain TravelCenters of America reported a second-quarter profit Monday of $1.17 million, or 7 cents a share, compared with a loss of $15.04 million, or 90 cents, a year ago.
August 9, 2010Search
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Mullen Group Posts 2Q Loss
Canadian transportation firm Mullen Group posted a second-quarter loss of C$6.2 million or 7 cents per share, compared with a profit of C$17.8 million, or 22 cents, a year ago.
August 9, 2010Con-way Freight’s Carl Krites Is NTDC’s Grand Champion
COLUMBUS, Ohio — Con-way Freight driver Carl Krites was named Grand Champion at the National Truck Driving Championships Saturday, beating more than 400 truck drivers in taking the title.
August 9, 2010Volvo Japan Unit Reportedly Expanding Diesel Engine Capacity
Japanese firm UD Trucks Corp., a unit of Volvo AB, will invest about $60 million to set up a commercial vehicle diesel engine production line near Tokyo, Bloomberg reported Monday.
August 9, 2010Diesel Jumps 6.3¢ to $2.991 a Gallon
Spurred by higher oil prices, diesel’s national average retail price rose for a third straight week, jumping 6.3 cents to $2.991 a gallon, its biggest increase in four months, the Department of Energy said.
August 10, 2010Postal Service Posts $3.5 Billion Quarterly Loss
The U.S. Postal Service lost $3.5 billion in its fiscal third quarter, more than $1 billion more than it lost in the same period a year ago, the Associated Press reported.
August 6, 2010Weekly Intermodal Traffic Reaches 2010 High
Weekly intermodal rail traffic jumped 20.2% last week, reaching the highest levels of the year, the Association of American Railroads reported.
August 6, 2010Unemployment Rate Holds at 9.5%; Trucking Jobs Increase
The U.S. unemployment rate held at 9.5% in July as total payrolls fell, and the trucking industry’s payrolls jumped by almost 6,000, the Labor Department said Friday.
August 6, 2010Congress Sidesteps UPS-FedEx Labor Battle by Passing Short-Term FAA Spending Extension
Congress has passed a short-term extension of the Federal Aviation Administration’s authorization, delaying until after the August recess further debate over a labor provision that has UPS Inc. and FedEx Corp. feuding.
August 9, 2010Road-Funding Delay May Worsen Congestion and Reduce U.S. Competitiveness, Abney Says
The continuing delay in passing a new long-term highway bill has trucking executives and transportation officials worried about the effects on the U.S. freight network, according to David Abney, chief operating officer of UPS Inc.
August 9, 2010