Forward Air’s 3Q Income Declines
Forward Air Corp. said late Wednesday its third-quarter profit fell to $3.8 million, or 13 cents per share, from $12.1 million, or 42 cents, a year ago.
October 21, 2009Hub Group’s Third-Quarter Income Declines
Hub Group Inc. said late Wednesday its third-quarter net income fell to $9.8 million, or 26 cents a share, from $16.9 million, or 45 cents, a year ago.
October 21, 2009Trucking Sluggish in Some Regions, Fed ‘Beige Book’ Says
Despite some signs of economic recovery, transportation services activity in most regions declined in the six weeks through mid-October, the Federal Reserve said Wednesday.
October 21, 2009Oil Closes Above $81 a Barrel
Oil closed at more than $81 a barrel Wednesday for the first time in a year as an inventory report showed that stockpiles are at the highest level since August.
October 21, 2009C.H. Robinson’s 3Q Profit Improves
Transportation and third-party logistics firm C.H. Robinson Worldwide reported a third-quarter profit of $95.5 million, or 57 cents a share, up slightly from $93.6 million, or 54 cents a share, a year ago.
October 21, 2009CN Reports Lower 3Q Profit; Appoints New CEO
Canadian National Railway Co. said its third-quarter net income dropped to C$461 million or 97 cents per share, from C$552 million or C$1.16 per share a year earlier.
October 21, 2009Arkansas Best Takes 3Q Loss; CEO Davidson to Step Down
Arkansas Best Corp. said Wednesday it took a third-quarter loss and that Chief Executive Officer Robert Davidson will retire at the end of this year, to be succeeded by Judy McReynolds.
October 21, 2009N.J. Enacts Law on Snow Removal from Vehicles
New Jersey Gov. Jon Corzine (D) signed a law Tuesday that would set fines for vehicles with “dangerous accumulations” of snow or ice on them, though enforcement will not begin for a year, the Associated Press reported.
October 21, 2009ATA, Port of Long Beach Settle Lawsuit
Officials with the Port of Long Beach and American Trucking Associations reached an out-of-court settlement to ATA’s federal lawsuit Monday, announcing that the port’s concession requirement contained in the clean trucks plan will be replaced with a registration process.
October 20, 2009Company Awarded FMCSA Contract to Screen Drivers
NIC Technologies LLC said Tuesday it has been awarded the contract to oversee the Federal Motor Carrier Safety Administration’s pre-employment screening system for truck and bus drivers.
October 20, 2009