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.
Knight Reports Lower 1Q Earnings
Truckload carrier Knight Transportation’s first-quarter profit fell to $11.4 million, or 13 cents a share, from $16.6 million, or 19 cents, a year ago.
April 23, 2008Ryder Reports 1Q Income Gain, Boosts Outlook
Ryder System said Wednesday its first-quarter profit rose 9% to $56.1 million, or 96 cents per share, from $51.3 million, or 84 cents, a year earlier.
April 23, 2008Letters to the Editor: Fuel Prices, Sleep Apnea
I am interested in the feedback on fuel prices displayed in “Letters to the Editor.” Unfortunately, most of the letters did not focus on two salient facts affecting the price of oil. The first is the dismal exchange rate of the U.S. dollar versus the euro, and the second is world demand for petroleum products.
April 23, 2008TWIC Enrollment Continues at Ports
The federal government’s Transportation Workers Identification Credential enrollment began Wednesday at three U.S. ports: Chattanooga, Tenn.; LaPorte, Texas; and Portsmouth, N.H.
April 23, 2008Arkansas Best’s 1Q Income Jumps
Arkansas Best Corp.’s first-quarter profit jumped 78% to $8.5 million, or 34 cents a share, from $4.8 million, or 19 cents, a year earlier.
April 23, 2008C.H. Robinson’s First-Quarter Income Improves
Transportation and logistics firm C.H. Robinson Worldwide’s first-quarter profit rose to $86.3 million, or 50 cents a share, from $73 million, or 42 cents, a year ago.
April 22, 2008DOT Proposes Boosting Fuel Efficiency for Cars, Light Trucks
The Department of Transportation proposed Tuesday to boost fuel-efficiency standards for cars and light trucks by almost 25% by the year 2015.
April 22, 2008Covenant Reports $7.8 Million 1Q Loss
Covenant Transportation Group said late Monday it lost $7.8 million, or 56 cents a share, in the first quarter, compared with a loss of $2.1 million, or 15 cents, a year ago.
April 21, 2008Forward Air Reports Steady 1Q Income
Forward Air Corp.’s first-quarter profit was $10 million, or 35 cents a share, compared with $10.3 million, or 34 cents, a year earlier.
April 21, 2008TransCore Unveils Rate Index Pro Database
Trucking technology system provider TransCore said its new Rate Index Pro product will provide single-lane, real-time truckload information that can be used in pricing and contract negotiations.
April 21, 2008