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U.S. Xpress Sees 1Q Loss on Fuel Prices, Soft Demand
Truckload carrier U.S. Xpress Enterprises Inc. said Wednesday it is facing a first-quarter loss of 11 cents to 14 cents per share due to high fuel prices and reduced seasonal freight demand.
March 30, 2005TT's Seth Clevenger and Mike Senatore unpack the trends, surprises and shake-ups that define this year's Top 100 for-hire carriers..
Union Pacific to Spend $1.6 Bln. This Year on Track Upgrades
Union Pacific Corp. said Wednesday it will spend almost $1.6 billion this year to improve its rail tracks.
March 30, 2005BNSF to Institute Mileage-Based Fuel Surcharge Program
BNSF Railway Co. said Tuesday it will assess fuel surcharges on a mileage basis starting next year, and that it would be the first mileage-based fuel surcharge in the railroad industry.
March 29, 2005Consumer Confidence Index Falls for Second Straight Month
The Conference Board said Tuesday its index of consumer confidence declined to 102.4 in March from a revised 104.4 in February.
March 29, 2005Judge Presses U.S., CSX Over D.C. Hazmat Plans
WASHINGTON A federal judge said last week he was astounded that neither railroad nor federal officials could tell him what the governments plans were for protecting the U.S. Capitol from possible attacks involving hazardous materials cargo carried by rail.
March 29, 2005Quality Distribution Reports Fourth-Quarter Loss
Tank truck carrier Quality Distribution Inc. reported a fourth-quarter loss of $6.6 million or 35 cents a share, compared with a $67.9 million or $4.95 per-share loss a year earlier.
March 29, 2005Tennessee May Expand Lower Truck Speed Limits
Truckers in central Tennessee may see their speed limits lowered to 55 miles per hour, 10 mph below a 65-mph speed limit that would be set for automobiles, the Nashville Tennessean reported.
March 29, 2005Diesel, Gasoline Hit Record Highs for Second Straight Week
The national average retail price of diesel fuel rose 0.5 cent to $2.249, eclipsing last week's record high price, the Department of Energy said Monday.
March 29, 2005ATA Seeks Stakeholder Status in License-Security Committee
American Trucking Associations said Tuesday it filed a request with the Department of Transportation to be included as a stakeholder in a rulemaking advisory committee on commercial driver license security enhancements.
March 29, 2005Kansas City Southern Approves Mexican Railroad Bid
Kansas City Southern said Tuesday that its stockholders approved acquisition of Mexico's largest railroad.
March 29, 2005