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Logistics News
Business, Safety, Government, Logistics

DOT Budget Proposes $4 Billion for New Infrastructure Bank

The Obama administration last week proposed a $4 billion “down payment” on a national infrastructure bank to supplement traditional highway funding, as part of its $78.8 billion budget proposal for the Department of Transportation.

February 8, 2010
Business, Safety, Government, Logistics

Opinion: Truck Driver Training: The Reality

We almost made it through 2009 without another national news exposé of the trucking industry, but then came November and December. This time, the focus was on truck driver training and motor carrier employment practices.

February 4, 2010
Business, Safety, Government, Logistics

C.H. Robinson’s 4Q Profit Declines

Transportation and third-party logistics firm C.H. Robinson Worldwide reported a fourth-quarter profit of $87.7 million, or 52 cents a share, down slightly from $88.9 million, or 52 cents a share, a year ago.

February 2, 2010
Business, Logistics, Fuel, Government

Diesel Drops 5.2¢ to $2.781 in Third Straight Decline

Diesel’s national average price fell 5.2 cents to $2.781 a gallon, matching the biggest drop in six months, the Department of Energy said Monday.

February 2, 2010
Business, Logistics

Hub Group’s 4Q Earnings Slide

Logistics, intermodal and brokerage firm Hub Group’s fourth-quarter profit fell to $10 million, or 26 cents a share, from $14.2 million, or 38 cents, a year ago.

January 29, 2010
Business, Logistics

Canadian Pacific’s 4Q Profit Grows 3%

Canadian freight railroad Canadian Pacific’s fourth-quarter net income grew 3% to C$194.1 million, or C$1.15, from C$188.1 million, or C$1.21, a year earlier, Reuters reported.

January 28, 2010
Government, Business, Logistics

Kansas City Southern’s 4Q Profit Falls

Kansas City Southern said Thursday it earned $32 million, 33 cents a share, in its fourth quarter, compared with $36.4 million, or 40 cents, the previous year.

January 28, 2010
Business, Logistics

Norfolk Southern’s 4Q Profit Drops 32%

Norfolk Southern Corp. reported that its fourth-quarter profit fell 32% from a year ago.

January 27, 2010
Business, Logistics

CN Reports Higher 4Q Profit

Canadian National Railway Co. said its fourth-quarter net income rose to C$582 million, or $1.23 per share, from C$573 million or C$1.21 per share a year earlier.

January 26, 2010
Business, Logistics, Fuel, Government

Diesel Falls 3.7¢ to $2.833 in Second Straight Decline

Diesel’s national average price fell 3.7 cents to $2.833 a gallon, the biggest single-week decline since July, the Department of Energy said Monday.

January 26, 2010
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