Durable Orders Fall 1.7% in September
Durable goods orders fell 1.7% in September saw their biggest drop in seven months, the Commerce Department said Thursday.
October 25, 2007Bill Offering Safety Tax Credit Praised
A bill introduced in the House of Representatives that would give trucking fleets a 50% tax credit for investing in safety technologies has won praise from transportation and safety officials, but they acknowledged the legislation likely faces an uphill battle.
October 24, 2007SoCal Fires Close Part of Interstate 5
Interstate 5 in Southern California is closed in both directions near Camp Pendleton, as firefighters continue to battle ongoing blazes burning close to the freeway, the Associated Press reported.
October 24, 2007TransForce Reports Lower Third-Quarter Earnings
Canadian transportation firm TransForce Income Fund said Wednesday its third-quarter earnings declined, due in part to a slowdown in truck volumes.
October 24, 2007House Passes Rail Safety Bill
The House passed legislation last week that would require the Secretary of Transportation to develop a long-term strategy for improving railroad safety.
October 24, 2007Diesel Climbs 5.5¢ to $3.094; Gasoline Jumps 6.1¢ to $2.823
The average pump price of diesel fuel jumped 5.5 cents to $3.094 a gallon — the highest since the all-time record set in the same week two years ago, the Department of Energy said Monday.
October 23, 2007Forward Air’s Third-Quarter Profit Declines
Forward Air Corp., a contractor to the air cargo industry, said its third-quarter profit fell 15% to $10.8 million or 36 cents a share, from $12.7million or 41 cents a year ago.
October 23, 2007Forward Air’s Third-Quarter Profit Declines
Forward Air Corp., a contractor to the air cargo industry, said its third-quarter profit fell 15% to $10.8 million or 36 cents a share, from $12.7million or 41 cents a year ago.
October 23, 2007Hub Group Reports Higher 3Q Profit
Third-party logistics company and freight broker Hub Group’s third-quarter profit rose 23%, despite a drop in revenue and intermodal volume.
October 23, 2007HOS, Driver Shortage Top Trucking’s Concerns
Hours-of-service rules and a shortage of truck drivers top the list in a new survey of more than 5,000 trucking industry executives, the American Transportation Research Institute said Monday.
October 22, 2007