The Federal Maritime Commission voted to seek a court order to stop parts of the southern California ports of Los Angeles and Long Beach’s clean trucks program, the Associated Press reported.
October 30, 2008Search
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Exxon Mobil Posts Largest Quarterly Profit on Record
Exxon Mobil Corp. broke its own record for the largest quarterly profit by a U.S. company Thursday, reporting its third-quarter net income jumped 58% to $14.8 billion, or $2.86 per share, up from $9.41 billion, or $1.70, a year earlier.
October 30, 2008Third-Quarter GDP Shows 0.3% Contraction
The U.S. economy showed a 0.3% contraction in the third quarter, the Commerce Department said Thursday.
October 30, 2008Canadian Pacific’s 3Q Income Slips
Canadian Pacific Railway’s third-quarter net income fell to C$173 million, or C$1.11 a share, from C$219 million, or C$1.41, a year ago.
October 28, 2008ATA Releases Highway Safety Agenda Details
American Trucking Associations unveiled details its highway safety agenda designed to reduce the number of highway-related fatalities and injuries on U.S. highways.
October 29, 2008P.A.M. Takes $3.2 Million 3Q Loss
Truckload carrier P.A.M. Transportation Services said it lost $3.2 million, or 33 cents a share, in the third quarter, compared with net income of $36,000, or zero cents, a year earlier.
October 29, 2008Durable Goods Orders Rise 0.8% in September
Durable goods orders rose 0.8% in September, the Commerce Department said Wednesday.
October 29, 2008Pacer’s 3Q Income Rises 52%
Transportation and third-party logistics firm Pacer International’s third-quarter profit rose 52% to $20.4 million, or 59 cents a share, from $13.4 million, or 38 cents, a year ago.
October 29, 2008YRC May Cut Up to 3,750 Positions
YRC Worldwide may cut up to several thousand positions in a cost-reduction move that is part of a stepped-up plan to integrate its Roadway and Yellow Transportation units.
October 29, 2008Fed Cuts Key Interest Rate a Half-Point to 1%
The Federal Reserve Wednesday cut a key U.S. interest rate by half a percentage point, to 1%.
October 29, 2008