FedEx Corp. said Thursday that its second-quarter profit fell to $479 million or $1.54 a share, down from $511 million or $1.64 a year earlier.
December 20, 2007Search
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Xata to Buy GeoLogic for $17.5 Million
Trucking industry technology provider Xata Corp. said Thursday it will buy fleet tracking and communications firm GeoLogic Solutions for $17.5 million.
December 20, 2007Navistar to Buy GM’s Medium-Duty Truck Business
General Motors Corp. and International Truck and Engine Corp. said Thursday they have reached tentative agreement for International’s parent company Navistar Corp. to buy GM’s medium-duty truck business.
December 20, 2007Third-Quarter GDP Rose at 4.9% Rate
The U.S. economy expanded at a 4.9 % annual growth rate in the third quarter, the most in four years, the Commerce Department said Thursday.
December 20, 2007YRC Buying Chinese LTL Firm
Less-than-truckload carrier YRC Worldwide said late Thursday its logistics unit will pay as much as $75 million to buy a Chinese LTL firm.
December 20, 2007Bush Backs EPA on California Waiver Denial
President Bush defended the Environmental Protection Agency’s decision to reject California’s plan to regulate greenhouse gas emissions from automobiles, saying that a national strategy toward climate change is more effective than a state-by-state approach, the Los Angeles Times reported.
December 20, 2007DOT Seeks Technology to Improve Safety, Reduce Congestion
The Department of Transportation said Tuesday it is asking private industry, research organizations, and state and local governments for commercially available technology to fight congestion and improve the safety within the U.S. transportation system.
December 19, 2007ATA Testifies in Support of Hours-of-Service Rule
American Trucking Associations testified Wednesday before a Senate subcommittee in support of the Federal Motor Carrier Safety Administration’s hours-of-service rule, but two groups opposing the regulation challenged the agency.
December 19, 2007UPS Contract with Teamsters Ratified
UPS Inc. said late Wednesday that the Teamsters union notified the company that the union has certified approved and ratified a new contract covering about 240,000 UPS employees.
December 20, 2007Final Rule on EOBRs Expected in New Year, FMCSA’s Hill Says
The Federal Motor Carrier Safety Administration will publish its final rule on electronic onboard recorders during 2008, Administrator John Hill said.
December 19, 2007