NAFTA Surface Trade Rises 4.2%
Pacer’s 3Q Profit Declines
Transportation and third-party logistics firm Pacer International’s third-quarter profit fell 27% from a year ago, the company said.
October 31, 2007Wright Express’ 3Q Income Dips
Wright Express Corp. said Wednesday it earned $22.2 million or 55 cents a share in the third quarter, down from $34.4 million or 83 cents a year ago.
October 31, 2007Michelin’s Revenue Growth Slows
Revenue growth at tire maker Michelin slowed to 2.5% after the company had a 4.7% sales increase in the first half of the year, Bloomberg reported.
October 31, 2007Diesel Rises 6.3¢ to Match Record $3.157
The national average price of diesel fuel rose 6.3 cents to $3.157 a gallon, matching the all-time record set two years ago, the Energy Department said Monday.
October 30, 2007Hill Says to Expect Announcement on HOS Revisions in Late November
ORLANDO, Fla. — John Hill, head of the Federal Motor Carrier Safety Administration, told Transport Topics he expects to issue guidance on the agency’s revisions to the hours-of-service rule in late November.
October 30, 2007Kitty Hawk Ceases Operations; Lays Off 500 Workers
Air cargo transporter Kitty Hawk Inc. said it and its subsidiaries will immediately cease all scheduled network air and ground operations, though will continue to operate air cargo charter operations.
October 30, 2007Canadian Pacific Reports Higher Earnings
Canadian Pacific Railway said it earned C$218.6 million or C$1.41 a share, up from $163.8 million or C$1.04 a year earlier.
October 30, 2007Consumer Confidence Declines in October
U.S. consumer confidence fell in October, the New York-based Conference Board said Tuesday.
October 30, 2007Letters to the Editor: Hours of Service, Border Debate, I-80 Tolls, Diesel Prices
I have always found it amazing in my 20 years in this industry that the federal and state governments try to pigeonhole every driver into the same rules.
October 30, 2007