Pacer’s 3Q Profit Declines
Transportation and third-party logistics firm Pacer International’s third-quarter profit fell 27% from a year ago, the company said.
October 31, 2007Third-Quarter GDP Tops Forecast at 3.9% Growth Rate
The U.S. economy expanded at a 3.9 % annual growth rate in the third quarter, the Commerce Department said Wednesday.
October 31, 2007Diesel Rises 6.3¢ to Match Record $3.157
The national average price of diesel fuel rose 6.3 cents to $3.157 a gallon, matching the all-time record set two years ago, the Energy Department said Monday.
October 30, 2007Hill Says to Expect Announcement on HOS Revisions in Late November
ORLANDO, Fla. — John Hill, head of the Federal Motor Carrier Safety Administration, told Transport Topics he expects to issue guidance on the agency’s revisions to the hours-of-service rule in late November.
October 30, 2007Kitty Hawk Ceases Operations; Lays Off 500 Workers
Air cargo transporter Kitty Hawk Inc. said it and its subsidiaries will immediately cease all scheduled network air and ground operations, though will continue to operate air cargo charter operations.
October 30, 2007Consumer Confidence Declines in October
U.S. consumer confidence fell in October, the New York-based Conference Board said Tuesday.
October 30, 2007Letters to the Editor: Hours of Service, Border Debate, I-80 Tolls, Diesel Prices
I have always found it amazing in my 20 years in this industry that the federal and state governments try to pigeonhole every driver into the same rules.
October 30, 2007OPEC Says Oil Will Not Reach $100 Soon
OPEC said current record crude oil prices do not reflect the group’s objectives and that oil is not likely to reach $100 a barrel soon, Bloomberg reported Tuesday.
October 30, 2007Congress May Require Safety Technology in 2009 Highway Bill, FMCSA’s Hill Says
ORLANDO, Fla. — John Hill, head of the Federal Motor Carrier Safety Administration, suggested the 2009 highway reauthorization package could include a mandate for fleets to install safety technology on their trucks, regardless of who wins the next presidential election.
October 29, 2007YRC’s Zollars Cites Concerns on Economy
YRC Worldwide Chairman and Chief Executive Officer Bill Zollars said he sees no sign that a yearlong slump in U.S. trucking will ease, Bloomberg reported.
October 29, 2007