NAFTA Surface Trade Rises 2.7% in May
Surface trade among the United States, Canada and Mexico rose 2.7% in May from the same month last year but dipped 0.2% from April, the Department of Transportation said Wednesday.
July 31, 2013Meritor Reports Fiscal Third-Quarter Loss
Meritor Inc. reported a loss for its fiscal third quarter and completed the sale of its 50% stake in a Brazilian company, the truck component maker said Wednesday.
July 31, 2013Vitran’s 2Q Loss Widens
Vitran Corp. said Wednesday its second-quarter loss widened from a year ago, on sluggish performance in its U.S. less-than-truckload operations.
July 31, 2013Michigan Proposes Privatizing Some State Transportation Operations
Michigan has proposed a sweeping plan under which private companies would take over work currently handled by the state’s transportation department — from operating rest stops and freeway lighting to replacing, repairing and maintaining bridges along interstate highways.
July 31, 2013Manufacturing Activity in Chicago Grows in July
Manufacturing activity in the Chicago area expanded in July, the Institute for Supply Management-Chicago said Wednesday.
July 31, 2013Trimac’s Income Slips; Revenue Rises
Trimac Transportation’s earnings declined from a year ago, while its revenue improved.
July 31, 2013WEX Inc.’s Net Income Rises
Fleet payment processing company WEX Inc. said its second-quarter profit rose from a year ago.
July 31, 2013Wabash’s Second-Quarter Income Rises
Trailer manufacturer Wabash National Corp. said its second-quarter income increased and that it expects a “significant increase” in trailer shipments in the third quarter.
July 31, 2013Congressmen Seek Temporary Block of HOS Rule
Four congressmen said they will introduce an amendment soon to temporarily block the federal government’s new hours-of-service rule for truck drivers, saying the rule would cost the trucking industry hundreds of millions of dollars if it is not stopped.
July 31, 2013Celadon Group’s Fiscal-Year Profit Improves
Celadon Group said its fourth-quarter profit fell 20% from a year ago but rose for its fiscal year.
July 30, 2013