Mexican Trucks Suit Filed
A coalition of groups filed a federal lawsuit last week aimed at stopping the Bush administration’s plan to open the U.S. border to Mexican trucks.
April 30, 2007Diesel Price Falls 2.6¢ to $2.851
The national average price of retail diesel slipped 2.6 cents to $2.851 a gallon last week, its first decline after three straight increases.
April 30, 2007Swift OKs Moyes’ Takeover
Swift Transportation’s shareholders Friday approved a $2.5 billion bid by company founder Jerry Moyes to take the truckload carrier private, Bloomberg reported.
April 27, 2007Celadon's 3Q Profit Slips
Truckload carrier Celadon Group's net income fell to $3.9 million or 17 cents a share in its fiscal third quarter, down from $4.7 million or 20 cents a year ago.
April 27, 2007Cummins' 1Q Profits Improves
Diesel engine maker Cummins Inc. earned $143 million or $1.42 a share in the first quarter, up from $135 million or $1.35 a year earlier.
April 27, 2007March Trucking Index Gains
American Trucking Associations’ truck tonnage index rose 1.6% in March from a year ago, marking the first year-over-year increase since June, ATA said Thursday.
April 27, 2007Universal Truckload’s Profit Dips
Universal Truckload Services's first-quarter profit fell $3.2 million or 20 cents a share, down from $4.6 million or 28 cents last year.
April 27, 2007YRC’s 1Q Income Declines
Less-than-truckload carrier YRC Worldwide said late Thursday its first-quarter income was $1.3 million or 2 cents a share, down from $42.1 million or 71 cents a year earlier.
April 27, 2007Rail, Intermodal Fall Again
Rail carload and intermodal freight both fell last week compared with a year ago, continuing a trend this year, the Association of American Railroads said.
April 27, 2007Old Dominion’s 1Q Profit Rises
Less-than-truckload carrier Old Dominion Freight Line said Thursday its first-quarter profit rose to $13.6 million or 36 cents a share, from $13 million or 35 cents a year earlier.
April 26, 2007