Driver Error Causes 75% of Tanker Rollovers, FMCSA Report Says
Kitty Hawk Posts 1Q Loss
Air cargo transporter Kitty Hawk Inc. said it lost $11.6 million or 22 cents a share in the first quarter, compared with a loss of $8.7 million or 17 cents a year ago.
May 16, 2007Trailer Bridge Reports 1Q Profit
Trailer Bridge Inc. earned $1.3 million or 11 cents a share in the first quarter, compared with a loss of $1.8 million or 15 cents a year ago.
May 16, 2007Con-way Sets Driver Pay Package
Con-way Truckload said Tuesday it has instituted new driver pay structures and programs aimed at attracting qualified team drivers.
May 15, 2007Wal-Mart’s Earnings Rise 8%
Wal-Mart Stores’ first-quarter profit rose 8% but the company warned that its second-quarter profit may be short of expectations, the Associated Press reported Tuesday.
May 15, 2007Freightliner to Cut N.C. Jobs
Freightliner will cut as many as 1,500 jobs at a North Carolina truck assembly plant, the Charlotte Observer reported Tuesday.
May 15, 2007Diesel Drops Another 1.9¢; Gas Soars to Record $3.103
Diesel’s national average pump price dipped 1.9 cents to $2.773 a gallon, while gasoline jumped 4.9 cents to an all-time record $3.103, the Department of Energy said Monday.
May 15, 2007Deutsche Post’s Earnings Rise
Deutsche Post AG, parent of DHL Americas, said Tuesday its first-quarter profit rose 4%, due to lower costs and higher prices for its U.S. express unit’s services, Bloomberg reported.
May 15, 2007Heartland Sets Special Dividend
Truckload carrier Heartland Express late Monday declared a special dividend of $2 a share to be paid on May 30.
May 15, 2007CPI Rises 0.4% in April
The consumer price index rose 0.4% in April, the Labor Department reported Tuesday.
May 15, 2007