Safety
Transportation businesses face a host of dynamic risk issues that can significantly impact their financial and operational health. The news in this category focuses on the latest safety and security initiatives, resources and regulations and addresses topics that include fleet safety, claims administration, driver hiring and retention, risk management and compliance.
TransForce Reports Lower 2Q Income
Canadian transportation firm TransForce Inc. said its second-quarter net income fell to C$18 million, or 21 cents a share, from C$19.3 million, or 22 cents, a year ago.
July 23, 2009Ryder’s Second-Quarter Income Drops
Ryder System said Thursday its second-quarter profit fell to $22.9 million, or 41 cents a share, from $62.9 million, or $1.09, a year earlier.
July 23, 2009Vitran’s Second-Quarter Profit Declines
Vitran Corp. said Thursday its second-quarter income fell to $400,000, or 3 cents a share, compared with $4.6 million, or 34 cents, a year ago.
July 23, 2009Knight’s 2Q Income Flat from a Year Ago
Truckload carrier Knight Transportation’s second-quarter profit was about even with a year ago at $12.6 million, or 15 cents a share, compared with last year’s $12.7 million, or 15 cents.
July 22, 2009C.H. Robinson’s 2Q Profit Improves
Transportation and third-party logistics firm C.H. Robinson Worldwide reported a second-quarter profit of $92 million, or 54 cents a share, up slightly from $90 million, or 52 cents a share, a year ago.
July 21, 2009FedEx Expands Hybrid Fleet
FedEx Corp. said it has added 92 hybrid-electric trucks to its delivery fleet, the first standard FedEx delivery trucks converted to hybrid-electric systems.
July 21, 2009Ericsson to Receive $5 Bln. to Run Sprint’s Networks
Sprint Nextel Corp., the third-largest U.S. wireless carrier, plans to pay Ericsson AB as much as $5 billion to manage its networks, offloading the expense of running its own systems.
July 20, 2009I-75 Near Detroit Expected to Reopen Monday
A two-mile stretch of Interstate 75 damaged by a fiery explosion last week is expected to reopen Monday, the Detroit Free Press reported.
July 20, 2009Navistar Finishes Field Tests On 2010 Engines After 18 Mos.
Navistar Inc. said it has completed 18 months of laboratory and field tests of its “advanced” version of exhaust gas recirculation engine technology that will be used to meet 2010 federal emission requirements.
July 20, 2009Letters: Early Safety Adopted; Reregulation
Any trucking company that takes the leadership position in safety and in clean air is to be commended. But doing so through high-tech safety and Environmental Protection Agency ventures makes the outcome risky.
July 20, 2009