June Tonnage Falls 3.4%
Freight volumes fell in June from year-ago levels for the 11th time in 12 months, American Trucking Associations reported last week, even though second-quarter U.S. economic activity rebounded nicely over the disappointing first quarter.
August 6, 2007Bridge Collapse Points to Need For Road Funds, Officials Say
The catastrophic collapse of the Interstate 35 bridge in Minneapolis last week underscores the need for increased funding for U.S. infrastructure, several transportation officials said.
August 6, 2007Opponents Spar Over Impact of Appeals Court’s HOS Ruling
Officials on both sides of the debate over revising work rules for commercial drivers presented markedly different interpretations of a recent federal appeals court’s ruling striking down portions of the new plan.
August 6, 2007UPS, BNSF Cooperate to Speed Shipments By Loading Trailers on Flatcars Near Chicago
More than a million packages a day in metropolitan Chicago have an ideal commute. They roll through the back gate of the UPS Inc. facility here and into the Burlington Northern Santa Fe rail yard next door — without traveling on a public street — so they can catch a train for such places as Kansas City, Denver or California.
August 6, 2007Deutsche Post's 2Q Profits Rise
Deutsche Post AG, parent of DHL Americas, said its second-quarter profit rose 13% as its DHL Express unit increased package volumes in Asia and earned more per shipment in the U.S., Bloomberg News reported.
August 5, 2007Frozen Food Express Post Q2 Loss
Refrigerated truckload carrier Frozen Food Express Industries said it lost $661,000 or 4 cents a share in the second-quarter, compared with a net income of $2.1 million or 10 cents a share a year earlier.
August 5, 2007July ISM Services Index Declines Sharply
The economy’s service sector growth rate experienced its largest decline in nearly two years in July, falling to 55.8 in from 60.7 in June, the Institute for Supply Management said Friday.
August 3, 2007Unemployment Rate Rises to 4.6%
U.S. employers added 92,000 jobs in July while the unemployment rate rose to 4.6%, the Labor Department reported.
August 3, 2007Quality to Acquire Boasso America
Tanker carrier Quality Distribution, Tampa, Fla., announced Thursday it will pay $60 million to acquire privately-held Boasso America Corp., a Chalmette, La., company that provides tanker cleaning and maintenance services, Bloomberg News reported.
August 3, 2007TransForce to Purchase Canadian Courier
Canadian transportation firm TransForce Income Fund said Thursday it will purchase Century II Holdings, the parent company of Toronto-based ICS Courier.
August 3, 2007