Contrans’ 1Q Income Dips
Canadian firm Contrans Income Fund’s first-quarter income dropped to C$8.1 million or 28 cents a unit, from C$9.7 million or 34 cents a year ago.
May 1, 2007Calif. Crash Could Stall Port Traffic
A fiery explosion from a gasoline tanker crash in Oakland, Calif., over the weekend shut down parts of a major freeway and will pose transport problems for freight coming out of the busy Port of Oakland, news reports said.
April 30, 2007Technology Briefs — April 24 - April 30
NTSB Chairman Says Tax Incentives May Boost Safety Technology Use
Control, Capacity Needs Boosts In-House Trucking
Shipper-owned fleets are growing in size and importance where companies see value in controlling transportation capacity and service levels.
April 30, 2007Mexican Trucks Suit Filed
A coalition of groups filed a federal lawsuit last week aimed at stopping the Bush administration’s plan to open the U.S. border to Mexican trucks.
April 30, 2007Swift OKs Moyes’ Takeover
Swift Transportation’s shareholders Friday approved a $2.5 billion bid by company founder Jerry Moyes to take the truckload carrier private, Bloomberg reported.
April 27, 2007March Trucking Index Gains
American Trucking Associations’ truck tonnage index rose 1.6% in March from a year ago, marking the first year-over-year increase since June, ATA said Thursday.
April 27, 2007Rail, Intermodal Fall Again
Rail carload and intermodal freight both fell last week compared with a year ago, continuing a trend this year, the Association of American Railroads said.
April 27, 2007Vitran’s 1Q Earnings Dip
Toronto-based transportation firm Vitran Corp. said its first-quarter profit was $3.4 million or 25 cents a share, down from $3.8 million or 28 cents a year ago.
April 26, 2007