Maritime Commission to Challenge SoCal Ports’ Trucks Program
The Federal Maritime Commission voted to seek a court order to stop parts of the southern California ports of Los Angeles and Long Beach’s clean trucks program, the Associated Press reported.
October 30, 2008Exxon Mobil Posts Largest Quarterly Profit on Record
Exxon Mobil Corp. broke its own record for the largest quarterly profit by a U.S. company Thursday, reporting its third-quarter net income jumped 58% to $14.8 billion, or $2.86 per share, up from $9.41 billion, or $1.70, a year earlier.
October 30, 2008Wright Express’ 3Q Earnings Rise
Wright Express Corp. earned $72.3 million, or $1.82 a share, in the third quarter, up from $22.3 million, or 55 cents, the previous year.
October 30, 2008Ritchie Bros. Reports Drop in 3Q Income
Ritchie Bros. Auctioneers said it earned $11.9 million, or 11 cents per share, in the third quarter, down from $14.9 million, or 14 cents, a year ago.
October 30, 2008Jobless Claims Unchanged for Week
Initial jobless claims were unchanged last week from the previous week, the Labor Department said Thursday.
October 30, 2008YRC May Cut Up to 3,750 Positions
YRC Worldwide may cut up to several thousand positions in a cost-reduction move that is part of a stepped-up plan to integrate its Roadway and Yellow Transportation units.
October 29, 2008Fed Cuts Key Interest Rate a Half-Point to 1%
The Federal Reserve Wednesday cut a key U.S. interest rate by half a percentage point, to 1%.
October 29, 2008Pacer’s 3Q Income Rises 52%
Transportation and third-party logistics firm Pacer International’s third-quarter profit rose 52% to $20.4 million, or 59 cents a share, from $13.4 million, or 38 cents, a year ago.
October 29, 2008ATA Releases Highway Safety Agenda Details
American Trucking Associations unveiled details its highway safety agenda designed to reduce the number of highway-related fatalities and injuries on U.S. highways.
October 29, 2008P.A.M. Takes $3.2 Million 3Q Loss
Truckload carrier P.A.M. Transportation Services said it lost $3.2 million, or 33 cents a share, in the third quarter, compared with net income of $36,000, or zero cents, a year earlier.
October 29, 2008