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Truckload Profits Rise Sharply as Rate Increases Accelerate
Third-quarter earnings rose sharply at four publicly traded truckload companies, as they were able to accelerate the pace of rate increases in a steady freight market.
October 25, 2010UPS Third-Quarter Net Income Soars 80%
UPS Inc. said Oct. 21 its third-quarter net income jumped 80% to $991 million from a year earlier, on the strength of higher rates and rising profits for domestic and international packages.
October 25, 2010Intermodal Freight Volumes Remain Strong, Contributing to Strong 3Q Railroad Profits
The intermodal business is making a solid contribution to third-quarter rail profits, as volumes remain strong through the fall peak season for domestic freight, industry officials said.
October 25, 2010Diesel Average Rises 0.7瞽 to $3.073 a Gallon for Fifth Increase in Six Weeks, DOE Says
The U.S. retail diesel and gasoline averages both rose again last week, the Department of Energy reported, but the increases slowed as crude oil prices continued a recent slide.
October 25, 2010Tanker Wetlines Rule Advances
PHOENIX The Pipeline and Hazardous Materials Safety Administration sent its new proposed wetlines regulation to the White House Office of Management and Budget on Oct. 15 for review.
October 25, 2010ATA Seeks Financial Support for Capitol Hill Office
PHOENIX To pay down some of the debt incurred to build its new Capitol Hill office complex, American Trucking Associations is offering members the chance to purchase commemorative pavers on the buildings rooftop patio.
October 25, 2010ATA Eases Fuel-Price Stance to Expand Climate Options
PHOENIX American Trucking Associations members approved a policy change that makes it easier for the federation to negotiate with regulators and legislators over carbon-emissions and climate-change measures, even if they could result in fuel price increases.
October 25, 2010Graves Scolds Washington for Stalling Highway Bill
PHOENIX American Trucking Associations President Bill Graves lashed out at Washington for failing to make progress on a surface transportation bill, saying political expediency prevented essential action on improving the transportation infrastructure.
October 25, 2010FMCSA to Increase Focus on Driver Health
PHOENIX The Federal Motor Carrier Safety Administration is looking ahead to a number of rules focused on driver health and fitness in the next year or two, after the agency completes its spate of mandatory regulations, Administrator Anne Ferro said last week.
October 25, 2010Economy to Continue Growing Slowly, But Fleets Should Prosper, Panel Says
PHOENIX The U.S. economy will skirt a second round of recession, although growth will probably remain sluggish for at least three quarters, a team of economic forecasters told members of American Trucking Associations.
October 25, 2010