CSX Reports Higher Third-Quarter Profit
CSX Corp.’s third-quarter earnings rose to $463 million, or 46 cents a share, from $455 million, or 44 cents, a year ago.
October 15, 2013OOIDA Challenges New York Decal Fee
New York state’s registration and decal fee for out-of-state trucks are “unconstitutional highway taxes,” the Owner-Operator Independent Drivers Association alleged in a class-action lawsuit filed with the state’s supreme court last week.
October 15, 2013Volvo Expands Fuel Efficient Powertrain Lineup
Volvo Trucks expanded its lineup of “exceptional efficiency” powertrain packages with the XE11 that the company said can improve fuel efficiency by up to 3%.
October 15, 2013AIPBA Seeks to Resume Lawsuit on Broker Bond
The Association of Independent Property Brokers and Agents asked a federal district court Oct. 15 to remove its stay on the group’s lawsuit against the Federal Motor Carrier Safety Administration.
October 15, 2013Diesel Price Slides, Private Surveys Show
Diesel’s national average price fell between 0.6 cent and 1 cent from a week ago to about $3.83 a gallon, according to private surveys.
October 15, 2013Knight Adds to USA Truck Stake, Answers Lawsuit
Knight Transportation Inc. raised its stake in takeover-target USA Truck Inc. to 12.4% and denied breach- of-contract allegations.
October 15, 2013J.B. Hunt Raises Third-Quarter Net by 14%
J. B. Hunt Transport Services Inc. said net income in the third quarter rose 14% to $89.5 million, or 75 cents per share, from $78.2 million, or 65 cents per diluted share the year before, helped by stronger intermodal results.
October 15, 2013FedEx to Repurchase 10% of Shares
FedEx Corp. announced plans to buy back as many as 32 million, or 10%, of its shares.
October 15, 2013DAT Reports September Dip in Load-Board Activity
Load-board freight activity fell 5.3% in September compared with August but was 22% higher than the prior year, according to DAT, a load board owned by TransCore.
October 15, 2013Cadec Offers TempTracker for PowerVue
Technology vendor Cadec Global said it is now offering its TempTracker temperature-monitoring system with its PowerVue fleet management platform.
October 15, 2013