Intermodal, Rail Traffic Fall for Week
Intermodal rail traffic fell 21% last week compared with the same week last year, the Association of American Railroads said.
May 15, 2009Bill Would Seek to Boost Non-Truck Freight Modes
Two key Senators introduced legislation Thursday that would increase the proportion of national freight transportation provided by modes other than trucks by 10% by 2020.
May 14, 2009Wal-Mart Reports Flat First-Quarter Income
Wal-Mart Stores said Thursday its fiscal first-quarter profit was flat from a year ago as revenue from its international operations was hurt by a stronger dollar, the Associated Press reported.
May 14, 2009Wabash National’s First-Quarter Loss Widens
Trailer manufacturer Wabash National Corp. lost $28.3 million, or 94 cents per share, for the first quarter, compared with a loss of $6.4 million, or 21 cents, a year ago.
May 14, 2009Initial Weekly Jobless Claims Rise
Initial jobless claims rose last week while the number of people receiving continuing claims set a record for the 15th straight week, the Labor Department said Thursday.
May 14, 2009Opinion: Slow Pay: Trouble in Tough Times
Slower payment of invoices and “extended receivables” is a troubling business trend of late. Slow pay restricts cash flow and could put carriers out of business — even those with otherwise excellent operations. Focused on their core business of moving freight, carriers sometimes overlook key opportunities in the critical business process that follows successful delivery.
May 14, 2009Express-1’s First-Quarter Profit Plunges
Express-1 Expedited Solutions said its first-quarter profit plunged to $5,000, from $643,000 a year ago.
May 13, 2009Velocity Express Reports Fiscal 3Q Loss
Velocity Express Corp. reported it lost $13.7 million, or $3.73 a share, in its fiscal third quarter, compared with a loss of $10.6 million, or $3.78, a year earlier.
May 13, 2009DOT Freight Index Falls 6.5% in March
The Department of Transportation said its freight transportation services index fell 6.5% in March from a year earlier to its lowest level in more than six years.
May 13, 2009WebTech Wireless Reports First-Quarter Profit
WebTech Wireless, a supplier of GPS location-based and fleet telematics services, reported a profit of $115,000, or zero cents per share for the fiscal quarter ended March 31, compared with a loss of $1.95 million, or 3 cents per share, in the same quarter last year.
May 13, 2009