Mullen’s First-Quarter Income Drops
Canadian transportation firm Mullen Group Income Fund said its first-quarter profit dropped 37.8% to C$31 million or 38 cents per unit, from C$49.8 million, or 62 cents per unit, a year ago.
April 29, 2009First-Quarter GDP Shows 6.1% Contraction
The U.S. economy contracted at an annual rate of 6.1% rate in the first quarter, following the 6.3% downturn in the fourth quarter of last year, the Commerce Department said Wednesday.
April 29, 2009Wright Express’ 1Q Income Declines
Wright Express Corp. said Wednesday its first-quarter earnings fell to $11 million, or 28 cents a share, from $14.5 million, or 36 cents, a year ago.
April 29, 2009McLeod Acquires Logistics Software Firm
McLeod Software said Wednesday that it had purchased Intergrated Logistics Execution Network Systems, or iLENS, a logistics software company.
April 29, 2009Opinion: Sometimes ‘Big Brother’ Is the Good Guy
For years, carriers have sought ways to improve their drivers’ behavior when on the road and out of corporate sight, relying mainly on word of mouth and variations on those ubiquitous “Am I Driving Safely?” signs.
April 29, 2009Truck Tonnage Drops 12.2% in March
Truck tonnage decreased 12.2% in March compared with a year ago, falling to the lowest level since March 2002, American Trucking Associations said.
April 28, 2009Judge to Block SoCal Ports’ Concession Plans
A federal judge said she will block the concession plans at the ports of Los Angeles and Long Beach, including L.A.’s requirement that truck drivers be trucking company employees and not contractors, the Associated Press reported.
April 28, 2009Going ‘Green’ Can Offer Dealers Financial Benefits, Panelists Say
OXON HILL, Md. — Truck dealers and their fleet customers who feel forced to concern themselves with government environmental regulations should consider embracing the subject, as “green” issues carry increasing weight with the shipping business community and conservation can lead to better profitability, said panelists at a dealer workshop here.
April 28, 2009Consumer Confidence Jumps in April
Consumer confidence jumped in April to the highest level since November, the Conference Board said Tuesday.
April 28, 2009Diesel Drops 2¢ to $2.201
The national average price of diesel fuel fell for a second straight week, dropping 2 cents to $2.201 a gallon, the Department of Energy said Monday.
April 28, 2009