Oberstar ‘Troubled’ by Wetlines Warning
House Transportation Committee Chairman James Oberstar (D-Minn.) said he was “deeply troubled” over a claim by truck safety inspectors that proposed legislation requiring the purging of flammable materials from tanker wetlines would be “difficult, if not impossible,” to enforce.
July 27, 2009ATA Joins Industry Group on Contractor Law to Protect Owner-Operator Business Model
Concern about the possibility of legislative threats to the use of owner-operators has led American Trucking Associations to join a Washington, D.C., lobbying group.
July 27, 2009Intermodal, Rail Traffic Continue to Decline
Intermodal rail traffic fell 18.8% last week compared with the same week last year, the Association of American Railroads said.
July 24, 2009BNSF’s 2Q Income Improves Despite Lower Volume
Burlington Northern Santa Fe Corp. said its second-quarter profit improved but its revenue fell on lower overall freight demand.
July 23, 2009TransForce 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, 2009