Trucking and transportation stocks rose sharply Wednesday as the general stock market rebounded, news reports said.
January 24, 2008Search
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Letters to the Editor: HOS, Public Citizen, Fuel Prices, N.J. Turnpike, Fuel in New England
So, we were able to keep two important features of the hours-of-service rules in place — which should have been no surprise to any one.
January 24, 2008Knight’s Fourth-Quarter Income Drops
Truckload carrier Knight Transportation’s fourth-quarter profit fell to $13.8 million, or 16 cents a share, from $18.9 million, or 23 cents, a year ago.
January 24, 2008Celadon’s 2Q Income Drops
Truckload carrier Celadon Group said late Wednesday its fiscal second-quarter profit plunged 72% to $1.7 million, or 8 cents a share, from $6.1 million, or 26 cents, a year earlier.
January 24, 2008Maine Suspends Some Weight Restrictions Due to Fuel Prices
Maine Gov. John Baldacci (D) signed a bill to temporarily allow trucks hauling forest products to exceed state weight limits by 5% in hopes of helping them offset high fuel prices, the Associated Press reported.
January 23, 2008CN’s Fourth-Quarter Profit Rises
Canadian National Railway Co. said its fourth-quarter net income rose C$833 million or C$1.68 per share, from C$499 million or 95 cents per share a year earlier.
January 23, 2008Oklahoma to Begin Truck-Weighing Technology Program
Oklahoma officials are set to begin a $61 million project to build nine state-of-the-art inspection stations will improve highway safety and better enforce truck weight laws, the Associated Press reported.
January 23, 2008Deutsche Post to Take $874 Million Charge on DHL
Germany-based Deutsche Post AG will write down the value of its DHL Americas unit by $874 million, Bloomberg reported Wednesday.
January 23, 2008Sysco to Use Xata’s Software
Xata Corp. said Tuesday that foodservice marketer and distributor Sysco Corp. has chosen Xata as its preferred provider of onboard fleet technology.
January 22, 2008Fed Slashes Interest Rate to 3.5%
In an emergency move, the Federal Reserve Tuesday cut the key U.S. interest rate by three-quarters of a point to 3.5%, the Associated Press reported.
January 22, 2008