Cargo Bottlenecks Easing at Port of N.Y./N.J. Following Computer Problems
Cargo bottlenecks are easing at the Port of New York and New Jersey, the busiest container port on the East Coast, as one of its biggest shipping companies cut back on use of a new computer system blamed for snarling freight shipments, Bloomberg News reported.
August 5, 2013Westport Reports 2Q Loss on Higher Expenses; Revenue Rises
Westport Innovations, which makes natural gas engines for trucking in a venture with Cummins Inc., reported a second-quarter net loss on higher expenses but announed that its revenue rose to a record on year-over-year growth.
August 5, 2013Oil Holds Over $106 a Barrel
Oil held over $106 a barrel Monday, near the two-week highs of the end of last week, Bloomberg News reported.
August 5, 2013Con-way Adds Safety Technology to New Tractors
Con-way Truckload said it is investing $2 million in safety technology for all of its new tractors in 2013.
August 5, 2013Component Makers Report Mixed 2Q Results
Three component manufacturers reported mixed second-quarter results compared with the same period last year.
August 5, 2013DOT Issues Emergency Rail-Safety Rules Following Quebec Crash
The Department of Transportation has issued emergency rules to keep parked rail cars from breaking loose, following last month’s crash of untethered rail cars in Quebec that killed almost 50 people.
August 5, 2013Infrastructure Spending Plans Trapped by Partisan Wrangling
Transportation spending dominated much of the political crossfire in Washington last week between President Obama and House Republicans.
August 5, 2013Industry Execs Ask Special House Panel to Focus on Urban Transportation Issues
Freight industry representatives asked lawmakers to confront urban transportation challenges, including congestion, intermodal connections and port infrastructure.
August 5, 2013Study Says Rise in New Heavy-Duty Sales Would Lead to Surge in Used-Truck Supply
A long-anticipated rise in new heavy-duty truck sales could take hold starting next year, and if it does, the vehicles fleets trade in will create a surge in U.S. and Canadian used trucks, but at lower prices, according to a new Frost & Sullivan study.
August 5, 2013LTLs Cite Better Operations for Their Improved Profits
Less-than-truckload carriers said business improved during the second quarter, but several fleets that reported higher earnings credited the results to increased operational efficiencies, rather than a significant increase in freight demand.
August 5, 2013