Quality’s 2Q Profit Improves from a Year Ago
Tank truck carrier Quality Distribution reported second-quarter net income of $2.1 million, or 9 cents per share, compared with a loss of $186.2 million, or $9.58, a year ago.
July 28, 2010Pennsylvania Turnpike Panel Approves Toll Increases
The Pennsylvania Turnpike Commission said it approved toll increases, effective Jan. 2, though it has yet to set the exact rates.
July 28, 2010Fed ‘Beige Book’ Shows Increased Transport Activity
Freight transportation activity increased in June and July, with volume gains in several regions, the Federal Reserve said Wednesday.
July 28, 2010LaHood Announces National Summit on Distracted Driving
The second National Distracted Driving Summit will be held Sept. 21 in Washington, D.C., Transportation Secretary Ray LaHood announced.
July 28, 2010Wabco Reports Higher Loss Due to Fine
Wabco Holdings said Wednesday it lost $365.4 million, or $5.68 a share in the second quarter, largely due to a fine.
July 28, 2010Oil Falls Near $77 as Supply Jumps
Oil prices fell near $77 Wednesday after a report showed that crude supplies jumped last week, the Associated Press reported.
July 28, 2010Durable Goods Orders Fall 1% in June
Durable goods orders dropped 1% in June, the second consecutive monthly decline, the Commerce Department said Wednesday.
July 28, 2010ODFL’s 2Q Income Jumps
Old Dominion Freight Line said Wednesday its second-quarter profit rose to $21.5 million, or 58 cents per share, from $10.7 million, or 29 cents, a year ago.
July 28, 2010Opinion: Shippers Face a Carriers’ Market
The exodus of drivers during the economic downturn is creating a driver shortage as the economy begins to recover. Add to this escalating costs for carriers complying with new federal regulations for tractors, trailers and communications and you have a recipe for reduced capacity and higher prices.
July 28, 2010Canadian Pacific’s 2Q Profit Rises
Canadian freight railroad Canadian Pacific’s second-quarter net income gained 23% to C$166.6 million, or 98 cents per share, from C$135.5 million, or 80 cents, a year earlier.
July 28, 2010