FedEx Slashes Earnings Forecast
Parcel carrier FedEx on Friday cut its second-qaurter and full-year earnings forecasts, citing skyrocketing diesel prices and a weak LTL environment.
November 16, 2007Intermodal Traffic Falls for Week
Rail traffic in the week ended Saturday increased compared with the same week a year ago, but intermodal traffic slipped, the Association of American Railroads said.
November 16, 2007I-5 Southbound Tunnel Reopens
The southbound truck tunnel on Interstate 5 reopened Thursday, a month after a multi-vehicle pile-up temporarily shut down the West Coast's main commercial route, the Associated Press reported.
November 16, 2007CFI Raises Driver Pay
Contract Freighters Inc., Joplin, Mo., said it will raise pay for all drivers by 1 cent per mile.
November 16, 2007Industrial Production Falls 0.5%
Industrial production fell 0.5% in October, the most since January, the Federal Reserve said Friday.
November 16, 2007Letters to the Editor: No Parking, Fuel Surcharges, Silent Attack, Driver Surveillance, Ports’ Truck Ban
For almost 30 years, we have had parking areas in mile-zone 262 near Elk Mountain in Wyoming. In 2006, the westbound parking area was removed during road repair. In 2007, the east-bound parking area was removed during road repair. Apparently, Wyoming does not intend to replace these two parking areas.
November 16, 2007Transportation Spending Bill Clears House
The House of Representatives has approved a transportation spending bill that would bar Mexican trucks from operating in the U.S., Bloomberg News reported.
November 15, 2007UP to Increase Dividend
Union Pacific, the largest U.S. freight railroad, announced it is increasing the quarterly dividend it pays to investors.
November 15, 2007Navistar, UAW Set to Resume Talks
Navistar International Corp., the parent of truck maker International Truck and Engine, will resume talks with the United Auto Workers union on Nov. 26, amidst a continuing strike, the Chicago Sun Times reported Thursday.
November 15, 2007Navistar, UAW Set to Resume Talks
Navistar International Corp., the parent of truck maker International Truck and Engine, will resume talks with the United Auto Workers union on Nov. 26, amidst a continuing strike, the Chicago Sun Times reported Thursday.
November 15, 2007