Transportation and third-party logistics firm Pacer International reported a first-quarter loss of $177.4 million, or $5.11 per share, compared with a profit of $13.4 million, or 38 cents, a year earlier.
May 7, 2009Search
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Volvo Backs Longer, Heavier Trucks
BOSTON — Volvo Trucks North America said the United States should adopt a policy of allowing longer, heavier trucks on the nation’s highways as a way to increase driver productivity and to conserve fuel.
May 11, 2009GM Posts $5.9 Billion Quarterly Loss
General Motors Corp., facing a government-imposed June 1 bankruptcy deadline, posted a $5.9 billion loss for its first quarter, as sales fell almost in half, Bloomberg reported.
May 7, 2009Dana Reports First-Quarter Loss
Truck axle and frame maker Dana Holding Corp. posted a first-quarter loss of $157 million, Bloomberg reported.
May 7, 2009First-Quarter Productivity Improves
First-quarter U.S. worker productivity improved at an 0.8% annual rate in the first quarter, the Labor Department said Thursday.
May 7, 2009Initial Jobless Claims Drop to Three-Month Low
Initial jobless claims fell to a three-month low last week but the number of people receiving continuing claims reached another new record, the Labor Department said Thursday.
May 7, 2009Expeditors’ 1Q Profit Drops 11%
Logistics firm Expeditors International of Washington’s first-quarter net income fell 11% to $59.3 million, or 27 cents a share, from $66.5 million, or 30 cents, a year ago.
May 7, 2009Quality Distribution’s 1Q Loss Narrows
Tank truck carrier Quality Distribution reported a first-quarter loss of $300,000, or 2 cents a share, compared with a loss of $1.9 million, or 10 cents, a year ago.
May 8, 2009Intermodal, Rail Traffic Fall for Week, Month
Intermodal rail traffic fell 16.8% for the week ended Saturday, compared with the same week last year, the Association of American Railroads said.
May 8, 2009Oil Closes at 6-Month High Over $56 a Barrel
Oil rose more than $2 Wednesday to close above $56 a barrel — the highest price in almost six months — following an Energy Department report that showed a smaller-than-expected increase in stockpiles, Bloomberg reported.
May 6, 2009