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.
Truck Fatality Figures Reach Record Lows, ATA Says
Three of the primary measures of large truck safety fell to record lows in 2006, American Trucking Associations said Friday.
February 8, 2008P.A.M. Reports Fourth-Quarter Loss
Truckload carrier P.A.M. Transportation Services said it lost $840,000, or 8 cents a share, in the fourth quarter, compared with net income of $4.3 million, or 41 cents, a year earlier.
February 8, 2008Navteq’s Profit Jumps for Quarter, Year
Navteq Corp., a maker of maps used in transportation navigation, said its fourth-quarter profit rose to $61.9 million, or 61 cents per share, from $42.9 million, or 45 cents, a year earlier.
February 7, 2008Hub Group’s Fourth-Quarter Earnings Improve
Third-party logistics company and freight broker Hub Group’s fourth-quarter profit rose 33% to a record $18 million, or 47 cents per share, up from $13.5 million, or 34 cents, a year earlier.
February 7, 2008Xata’s Fiscal First-Quarter Loss Widens
Transportation software firm Xata Corp. said Thursday it lost $1 million, or 14 cents a share, in its fiscal first quarter, compared with a loss of $554,000, or 9 cents, a year ago.
February 7, 2008Volvo’s N. American Sales Decline
Volvo AB said its fourth-quarter net income rose, led mostly by increased business in Eastern Europe that offset a slump in North American sales, Bloomberg reported Wednesday.
February 6, 2008Fourth-Quarter Productivity Rises 1.8%
U.S. worker productivity rose at an annual rate of 1.8% in the fourth quarter, the Labor Department said Wednesday.
February 6, 2008Patriot Reports First-Quarter Loss
Patriot Transportation Holding took a fiscal first-quarter loss of $139,000 or 5 cents a share, compared with net income of $2.2 million or 69 cents a year earlier.
February 6, 2008States Implementing Safety Measures as Federal Govt. Enforcement Lags
ATLANTA — Several states are planning or have approved motor carrier safety and environmental measures because federal regulators have failed to enforce their own regulations, a prominent transportation lawyer said in an update on regulatory and legislative matters at SMC3’s recent winter conference here.
February 6, 2008ATA Seeks Nominations for ’09-’10 America’s Road Team
American Trucking Associations said Wednesday it is seeking nominations for professional truck drivers to serve on the 2009-2010 America’s Road Team.
February 6, 2008