DOT Sets Safety Council
Secretary Ray LaHood said Monday the Department of Transportation was creating a safety council to address a “critical” safety issues facing DOT’s 10 modal agencies.
October 27, 2009Border Flow Needs Improvement, Trucking Official Testifies
Congress must find more ways to allow motor carriers considered a “low security” risk to pass more quickly through the 160 U.S. border checkpoints with Mexico and Canada, a trucking official said last week.
October 27, 2009Daimler Reports Its First Quarterly Profit in a Year
Daimler AG Tuesday reported its first quarterly profit in a year, saying it earned about $61 million, or 4 cents a share, in the third quarter, down from about $200 million, or 21 cents, a year ago
October 27, 2009FMCSA Weighing Whether ID Requirements Are Burdensome
The Federal Motor Carrier Safety Administration is asking for public comment on the practice by some state and local governments of requiring trucks to display decals or other kinds of identification.
October 27, 2009Consumer Confidence Drops in October
U.S. consumer confidence fell in October, according to the Conference Board's monthly consumer sentiment index released Tuesday.
October 27, 2009Paccar’s Third-Quarter Net Income Plunges 96%
Paccar Inc.’s third-quarter profit plunged 96% to $13 million, or 4 cents a share, from $299 million, or 82 cents, a year ago.
October 27, 2009Vitran’s Third-Quarter Profit Drops
Vitran Corp. said Tuesday its third-quarter income fell to $281,000, or 2 cents a share, compared with $2.1 million, or 15 cents, a year ago.
October 27, 2009Covenant’s Third-Quarter Loss Widens
Covenant Transportation Group reported a third-quarter net loss of $13.6 million, or 96 cents a share, compared with a loss of $3.4 million, or 24 cents, a year ago.
October 27, 2009Diesel Jumps 9.6¢ to $2.801; Gas Gains a Dime to $2.674
Diesel and gasoline both rose for a third straight week, with diesel jumping 9.6 cents to $2.801 a gallon, its highest level in almost a year, the Energy Department said.
October 27, 2009Canadian Pacific’s 3Q Income Falls
Canadian freight railroad Canadian Pacific’s third-quarter net income fell 22% as measures to control costs failed to offset lower volumes, Reuters reported.
October 27, 2009