Virginia Scales Back Plan To Close Rest Stops
The Virginia Department of Transportation said it will propose closing 19 of the state's 41 highway rest areas, scaling back its original proposal to close 25.
May 22, 2009Knight Boosting Dividend
Truckload carrier Knight Transportation said it will boost its quarterly dividend to 5 cents per share, from 4 cents.
May 22, 2009Two Auto Haulers to Merge
The sluggish automobile industry has led Jack Cooper Transport Co., an automobile carrier for General Motors Corp., to merge with another car hauling company, the Kansas City Star reported.
May 22, 2009Senate Confirms Heads for FAA, FTA
The Senate late Thursday confirmed Randy Babbit, former president of the Air Line Pilots Association, as the administrator of the Federal Aviation Administration.
May 22, 2009Oil Gains $5 for Week, Topping $61 a Barrel
Oil closed the trading week near $62 a barrel — up more than $5 from last Friday — as the dollar fell to a four-month low against the euro, Bloomberg reported.
May 22, 2009U.S. May Reopen Roads to Mexican Trucks by June, LaHood Says
Transportation Secretary Ray LaHood said the United States could reopen its roads to Mexican trucks as soon as next month, Bloomberg reported.
May 21, 2009US 1 Reports First-Quarter Loss
Logistics firm US 1 Industries said it had a first quarter net loss of $979,000, or 7 cents a share, compared with a profit of $690,000, or 5 cents a share, a year earlier.
May 21, 2009Intermodal, Rail Traffic Fall for Week
Intermodal rail traffic fell 19.4% last week compared with the same week last year, the Association of American Railroads said.
May 21, 2009Leading Economic Indicators Rise 1%
An index of leading economic indicators rose 1% last month, the biggest gain in three-and-a-half years, the New York-based Conference Board said Thursday.
May 21, 2009Intermodal, Rail Traffic Fall for Week
Intermodal rail traffic fell 19.4% last week compared with the same week last year, the Association of American Railroads said.
May 21, 2009