Wal-Mart to Test Alternate Fuels, Hybrids in Push to Raise Mileage
Wal-Mart Stores said it will test two types of diesel-electric hybrid trucks and two types of alternatively fueled trucks as part of a continuing effort by the world’s largest retailer to double the fuel efficiency of its 7,200-truck fleet by 2015.
February 9, 2009Manufacturers Tout Their Choices for 2010
Starting in 2010, fleets buying new trucks will have to decide between two very different engine systems, and manufacturers already are warning that selecting the competing platform will leave the owner with an inferior product.
February 9, 2009Unemployment Rate Rises to 7.6%; Payrolls Plunge by Almost 600,000
The U.S. unemployment rate rose to a 17-year high in January, rising to 7.6% from 7.2% in December, the Labor Department said Friday.
February 6, 2009Intermec’s Fourth-Quarter Profit Declines
Supply chain technology firm Intermec Inc.’s fourth-quarter net income dropped to $9.1 million, or 15 cents a share, from $16.5 million, or 27 cents, a year ago.
February 6, 2009Rail, Intermodal Traffic Fall for Week
Rail and intermodal traffic fell for the week ended Saturday from a year ago, the Association of American Railroads said.
February 6, 2009Descartes Buys Oceanwide’s Logistics Business
Descartes Systems Group said Thursday it acquired the logistics business of privately held Oceanwide Inc., in an all-cash transaction of about C$10.4 million ($8.4 million).
February 6, 2009Sysco Corp.’s 2Q Income Declines
Food-services provider and private fleet operator Sysco Corp. said its fiscal second-quarter operating income fell to $422 million, or 40 cents a share, from $449 million, or 43 cents, a year ago.
February 6, 2009Freight Market Decline Continues
Your newspaper this week shows just how difficult things are for carriers these days, as freight rates and volumes continue to nose dive while shippers push for lower fuel surcharges and better deals.
February 6, 2009Hub Group’s Fourth-Quarter Profit Declines
Intermodal firm Hub Group Inc.’s fourth-quarter net income fell 20% to $14.2 million, or 38 cents a share, from $18 million, or 47 cents, a year ago.
February 5, 2009J.B. Hunt Boosting Dividend
J.B. Hunt Transport Services said Thursday its board approved increasing its quarterly cash dividend by a penny, to 11 cents per share.
February 5, 2009