A big snowstorm that dumped more than a foot of snow in the Midwest left hundreds of motorists caught in traffic jams and delayed about 1,000 flights at Chicago’s O’Hare International Airport, news services reported.
February 7, 2008Search
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Carriers Focus on Business Fundamentals to Get Through Hard Times
If there is a silver lining in the current freight recession, it might be that the challenging economic environment is forcing carriers to focus more closely on business fundamentals to keep the bottom line healthy.
February 11, 2008DOT Budget Cuts Highway Funding
President Bush’s proposed Transportation Department budget for next year would increase DOT’s spending slightly but cut highway spending more than $2 billion from last year, and it proposes to borrow funds from mass transit to cover a shortfall in the Highway Trust Fund.
February 11, 2008Jobless Claims Decline by 22,000
Initial jobless claims fell by 22,000 for the week ended Saturday, the Labor Department said Thursday.
February 7, 2008Wright Express’s 4Q Earnings Dip
Wright Express Corp. said it earned $4.6 million, or 11 cents a share, in the fourth quarter, down from $19 million, or 46 cents, the previous year.
February 7, 2008Commercial Vehicle Group Reports 4Q Loss
Commercial Vehicle Group reported it lost $3.3 million, or 15 cents a share, for the fourth quarter, compared with a profit of $11.1 million, or 51 cents, a year ago.
February 7, 2008Xata’s Fiscal First-Quarter Loss Widens
Transportation software firm Xata Corp. said Thursday it lost $1 million, or 14 cents a share, in its fiscal first quarter, compared with a loss of $554,000, or 9 cents, a year ago.
February 7, 2008Hub Group’s Fourth-Quarter Earnings Improve
Third-party logistics company and freight broker Hub Group’s fourth-quarter profit rose 33% to a record $18 million, or 47 cents per share, up from $13.5 million, or 34 cents, a year earlier.
February 7, 2008Intermodal Declines for 4Q, Year
Intermodal freight volume fell 1.6% in the fourth quarter of 2007 compared with the previous fourth quarter, the Intermodal Association of North America said.
February 7, 2008ATA Seeks Nominations for ’09-’10 America’s Road Team
American Trucking Associations said Wednesday it is seeking nominations for professional truck drivers to serve on the 2009-2010 America’s Road Team.
February 6, 2008