Intermodal, Rail Traffic Drop for Week, Month
Intermodal rail traffic in the United States fell 16.1% last week compared with the same week last year, the Association of American Railroads said.
August 7, 2009Pacer Reports Second-Quarter Loss
Transportation and third-party logistics firm Pacer International said it lost $7.3 million, or 21 cents per share, compared with a profit of $13.4 million, or 39 cents, a year earlier.
August 6, 2009Quality Reports $186 Million 2Q Loss
Tank truck carrier Quality Distribution reported a second-quarter loss of $186.2 million, or $9.58 per share, compared to income of $400,000, or 2 cents, a year ago.
August 5, 2009Evergreen Files for Chapter 11 Bankruptcy
Evergreen Transportation has filed for Chapter 11 bankruptcy protection, the truckload carrier said in a statement on its Web site.
August 5, 2009Factory Orders Improve in June
U.S. factory orders rose in June a third straight month, the Commerce Department said Wednesday.
August 5, 2009ISM Services Index Slips in July
The U.S. economy’s service sector showed a downturn in activity last month, the Institute for Supply Management said Wednesday.
August 5, 2009Xata Loss Narrows in Third Quarter
Transportation software firm Xata Corp. said Wednesday it lost $62,000, or 1 cent per share, in its fiscal third quarter, compared with a loss of $712,000, or 8 cents, a year ago.
August 5, 2009Oil Slips Below $70 Following DOE Report
Oil prices fell to below $70 a barrel Wednesday following a Department of Energy report that showed crude supplies rose last week, Bloomberg reported.
August 5, 2009DOT to Host September Summit on Texting and Driving
The Department of Transportation will convene a September summit to come up with a plan to deal with the issue of texting while driving, DOT said Tuesday.
August 4, 2009Diesel Rises 2.2¢ to $2.55
The average price of diesel fuel rose for the second straight week, gaining 2.2 cents to $2.55 a gallon, the Department of Energy said Monday.
August 4, 2009