Patriot’s Fiscal 4Q Income Rises
Tank and bulk carrier Patriot Transportation Holding earned $3.2 million, or $1.02 a share, in its fiscal fourth quarter, up from $2.3 million, or 74 cents, in the 2007 quarter.
December 8, 2008E&MU: Warming to Global Engines
Volvo AB and Daimler AG are producing global heavy-duty engine platforms for use in North America, Europe and Asia, and other manufacturers plan to introduce their own versions, pushed by converging emission regulations, the need to reduce research and development costs and to take advantage of economies of scale, according to industry analysts and executives.
December 8, 2008FedEx Sets 5.7% LTL Rate Increase
FedEx Corp.’s less-than-truckload units FedEx Freight and FedEx National LTL have each set a 5.7% general rate increase, effective Jan. 5.
December 8, 2008Union Offers YRC Savings
The Teamsters tentatively agreed to a 10% wage cut to help YRC Worldwide Inc. cope with the recession as part of a package that, among other things, requires YRC to give the union a 15% stake in the less-than-truckload carrier.
December 8, 2008FMCSA Issues Medical Rule Requiring Proof of Certification
The Federal Motor Carrier Safety Administration last week issued a final rule requiring all interstate truck drivers to prove they have passed medical examinations and proposed a separate rule setting up a national registry of qualified examiners.
December 8, 2008Rail, Intermodal Traffic Fall in November
Rail and intermodal traffic fell sharply in November from a year ago, the Association of American Railroads said.
December 5, 2008Fed Cites Lag in Transport Services Demand
Demand for transportation services has lowered since early October, and costs for services have fallen in some areas, and demand for transportation services will continue into 2009, the Federal Reserve said Wednesday.
December 3, 2008ISM Services Index Falls to Record Low
The U.S. economy’s service sector declined in November at the fastest pace on record, the Institute for Supply Management said Wednesday.
December 3, 2008Productivity Rises More Than Forecast
Third-quarter U.S. worker productivity rose 1.3% in the third quarter, the Labor Department said Wednesday, more than a previous estimate.
December 3, 2008FMCSA Sets Stronger Medical Requirements for Drivers
The Federal Motor Carrier Safety Administration has finalized a streamlined process for combining the commercial driver’s license and medical certificate records for commercial truck and bus drivers.
December 2, 2008