Transportation and third-party logistics firm Pacer International’s third-quarter profit fell 27% from a year ago, the company said.
October 31, 2007Search
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Third-Quarter GDP Tops Forecast at 3.9% Growth Rate
The U.S. economy expanded at a 3.9 % annual growth rate in the third quarter, the Commerce Department said Wednesday.
October 31, 2007Hill Says to Expect Announcement on HOS Revisions in Late November
ORLANDO, Fla. — John Hill, head of the Federal Motor Carrier Safety Administration, told Transport Topics he expects to issue guidance on the agency’s revisions to the hours-of-service rule in late November.
October 30, 2007Letters to the Editor: Hours of Service, Border Debate, I-80 Tolls, Diesel Prices
I have always found it amazing in my 20 years in this industry that the federal and state governments try to pigeonhole every driver into the same rules.
October 30, 2007Oil Continues to Soar; Tops $96 in Intraday Trading
Crude oil continued to soar, rising to more than $96 a barrel early Thursday, following Wednesday's Energy Department report that showed lower supplies, Bloomberg reported.
November 1, 2007Fed Lowers Benchmark Interest Rate to 4.5%
The Federal Reserve voted Wednesday to lower the benchmark U.S. interest rate by a quarter of a percentage point to 4.5%, for only the second reduction in four years.
October 31, 2007OPEC Says Oil Will Not Reach $100 Soon
OPEC said current record crude oil prices do not reflect the group’s objectives and that oil is not likely to reach $100 a barrel soon, Bloomberg reported Tuesday.
October 30, 2007Canadian Pacific Reports Higher Earnings
Canadian Pacific Railway said it earned C$218.6 million or C$1.41 a share, up from $163.8 million or C$1.04 a year earlier.
October 30, 2007Kitty Hawk Ceases Operations; Lays Off 500 Workers
Air cargo transporter Kitty Hawk Inc. said it and its subsidiaries will immediately cease all scheduled network air and ground operations, though will continue to operate air cargo charter operations.
October 30, 2007Consumer Confidence Declines in October
U.S. consumer confidence fell in October, the New York-based Conference Board said Tuesday.
October 30, 2007