Arkansas Best Reports 2Q Loss
Arkansas Best Corp. reported a second-quarter loss of $15.4 million, or 62 cents a share, compared with a profit of $16.2 million, or 63 cents, a year ago.
July 22, 2009Old Dominion’s Second-Quarter Profit Declines
Old Dominion Freight Line said Wednesday its second-quarter profit fell to $10.7 million, or 29 cents per share, from $23.9 million, or 64 cents, a year ago.
July 22, 2009C.H. Robinson Acquires European Freight Forwarder
Third-party logistics firm C.H. Robinson Worldwide said that it had acquired London-based Walker Logistics Overseas, an international freight forwarder.
July 22, 2009Illinois Adopts Uniform Law for 80,000-Pound Limit
Illinois has joined the 49 other states in adopting a uniform 80,000-pound truck weight limit law for state routes and other local roads.
July 22, 2009DHL Signs Telecom Agreement with AT&T
Deutsche Post DHL has signed a five-year telecommunications agreement with AT&T, in which AT&T will provide telecommunications to Deutsche Post DHL units throughout the United States.
July 22, 2009Opinion: Don’t Gamble on the Litigation Lottery
All motor carriers face financial risk when it comes to the litigation lottery and the chance a relatively insignificant claim could go out of control and become a mammoth verdict.
July 22, 2009E&MU: Financial Aid Offsets Hybrid Costs
Transport carriers are under pressure to reduce greenhouse gas emissions, but the long-term fuel savings a hybrid truck could deliver are out of sync with fiscal reality for companies forced by the recessionary economy to pinch every penny.
July 22, 2009Marten Reports Higher Second-Quarter Income
Refrigerated truckload carrier Marten Transport’s second-quarter net income rose 29.1% to $4.5 million, or 20 cents a share, from $3.5 million, or 16 cents, a year ago.
July 21, 2009C.H. Robinson’s 2Q Profit Improves
Transportation and third-party logistics firm C.H. Robinson Worldwide reported a second-quarter profit of $92 million, or 54 cents a share, up slightly from $90 million, or 52 cents a share, a year ago.
July 21, 2009FedEx Expands Hybrid Fleet
FedEx Corp. said it has added 92 hybrid-electric trucks to its delivery fleet, the first standard FedEx delivery trucks converted to hybrid-electric systems.
July 21, 2009