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Opinion: Don’t Gamble on the Litigation Lottery

All motor carriers face financial risk when it comes to the litigation lottery and the chance a relatively insignificant claim could go out of control and become a mammoth verdict.

July 22, 2009

Illinois Adopts Uniform Law for 80,000-Pound Limit

Illinois has joined the 49 other states in adopting a uniform 80,000-pound truck weight limit law for state routes and other local roads.

July 22, 2009

Old Dominion’s Second-Quarter Profit Declines

Old Dominion Freight Line said Wednesday its second-quarter profit fell to $10.7 million, or 29 cents per share, from $23.9 million, or 64 cents, a year ago.

July 22, 2009

Arkansas Best Reports 2Q Loss

Arkansas Best Corp. reported a second-quarter loss of $15.4 million, or 62 cents a share, compared with a profit of $16.2 million, or 63 cents, a year ago.

July 22, 2009

Knight’s 2Q Income Flat from a Year Ago

Truckload carrier Knight Transportation’s second-quarter profit was about even with a year ago at $12.6 million, or 15 cents a share, compared with last year’s $12.7 million, or 15 cents.

July 22, 2009

Hub Group’s Second-Quarter Profit Drops

Hub Group Inc. said late Wednesday its second-quarter net income fell to $8.3 million, or 22 cents a share, from $15 million, or 40 cents, a year ago.

July 22, 2009

E&MU: Financial Aid Offsets Hybrid Costs

Transport carriers are under pressure to reduce greenhouse gas emissions, but the long-term fuel savings a hybrid truck could deliver are out of sync with fiscal reality for companies forced by the recessionary economy to pinch every penny.

July 22, 2009

DHL Signs Telecom Agreement with AT&T

Deutsche Post DHL has signed a five-year telecommunications agreement with AT&T, in which AT&T will provide telecommunications to Deutsche Post DHL units throughout the United States.

July 22, 2009

C.H. Robinson Acquires European Freight Forwarder

Third-party logistics firm C.H. Robinson Worldwide said that it had acquired London-based Walker Logistics Overseas, an international freight forwarder.

July 22, 2009

Volvo Reports Loss; Sees ‘Difficult’ 3Q

Volvo AB said Tuesday it lost $725 million, or 36 cents a share, more than analysts’ estimates, and said it was facing a “difficult” third quarter in light of lower truck sales, Bloomberg reported.

July 21, 2009