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Ceva Logistics Reports Higher Earnings
Third-party logistics provider Ceva Logistics reported an increase in first-quarter revenue compared with the same time in 2009.
May 21, 2010AutoInfo’s Earnings Improve
Third-party logistics provider AutoInfo said its first-quarter earnings rose to $425,000, or 1 cent a share, from $219,000, or 1 cent, last year.
May 21, 2010Truck Stops Applaud Measure to Limit Credit Card Fees
Truck-stop operators and other retail outlets praised an amendment to the Senate’s financial reform package that would limit the fees credit- and debit-card companies charge stores.
May 24, 2010Freight Execs’ Focus Shifts from Survival to Growth
Carrier and shipper executives are changing their focus from surviving the recession to managing their changing relationships with customers and labor as the economic recovery continues, according to sessions at the annual Transplace Inc. Shipper Symposium.
May 24, 2010Letters: Trucking’s Future, Broker Controversy
By now, everyone involved in trucking has experienced in some way a shortage of truck availability — and we’re only in the beginning of the second quarter. Transport Topics’ April 26 issue had a front-page story on fleet failures that quoted some interesting statistics: More than 7,100 carriers have been lost since the middle of 2008, with 730 failing during the first quarter of 2010.
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May 24, 2010Intermodal Volume Gains Accelerate in April after 8.4% Growth Over 2009 in 1st Quarter
Intermodal volume in the first four months of 2010 is surging ahead of 2009 levels, powered by a sharp rise in domestic container shipments and renewed growth in international freight, a trade group said.
May 24, 2010Used Truck Registrations Boom as New Class 8 Sales Increase
U.S. registrations of used Class 8 trucks jumped to 69,474 vehicles in the first quarter of the year, nearly 54% more than the same period in 2009, R.L. Polk & Co. said.
May 24, 2010Truckers Oppose Mandate for Biodiesel in Canada
Canadian truckers called on their federal government to junk its plan to implement a national 2% biodiesel mandate, saying that a government study found the cost of the mandate would be nearly five times greater than the benefit.
May 24, 2010Roadrunner Raises $148 Million to Repay Debt Through Trucking’s First IPO Since 2003
Roadrunner Transportation Systems Inc., Cudahy, Wis., has completed trucking’s first initial public stock offering since 2003, raising $148.4 million to repay debt as the company considers acquisition.
May 24, 2010Groups Urge Senators to Reconsider Plan to Use Fuel Fees for Nontransport Needs
More than two dozen transportation advocacy groups have asked the drafters of a Senate energy and climate bill to reconsider their legislation to allocate new revenue from transportation-based motor fuel fees to “activities entirely unrelated to improving the nation’s transportation infrastructure.â€
May 24, 2010