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.
Con-way’s 4Q Income Improves on Vector Sale
Transportation firm Con-way Inc. earned $82.4 million or $1.66 a share in the fourth quarter, up from $49.9 million or 90 cents a year earlier.
January 30, 2007Performance Transportation Services Emerges From Chapter 11
Automobile carrier Performance Transportation Services said late Monday it emerged from its voluntary Chapter 11 bankruptcy proceeding.
January 30, 2007Quality Distribution Lowers Fourth-Quarter Forecast
Tank truck carrier Quality Distribution lowered its earnings guidance for the fourth quarter and full-year 2006, due to lower seasonal demand.
January 29, 2007TMW President Says Slowdown Not Expected for ’07 Sales
The president of trucking software provider TMW Systems said he does not expect a slowdown in sales this year, even as some trucking companies face a downturn in demand for freight-hauling services.
E&MU: Coping With ’07 Emission Systems
The maintenance managers of two vehicle leasing companies expect few problems in their shops as the truck-operating industry shifts to the next generation of lower-emission diesel engines.
Truck Tonnage Index Rebounds in December, Rising 3.9%
American Trucking Associations’ advanced seasonally adjusted truck tonnage index jumped 3.9% in December, following a 3.6% downturn in November.
January 26, 2007I-90 Reopened in Pennsylvania After 50-Vehicle Crash
State police said wreckage from a 50-vehicle chain-reaction crash was cleared and a 10-mile stretch of Interstate 90 east of Erie, Pa., was reopened shortly after 3 a.m. local time following a big snowstorm, the Associated Press reported.
January 26, 2007Swift Reports Lower 4Q Earnings; Full-Year Profit Rises
Truckload carrier Swift Transportation Co. said late Wednesday its fourth-quarter profit fell from a year earlier due to a “soft freight environment.”
January 25, 2007Ford Posts Big Losses for Fourth Quarter, Full Year
Ford Motor Co. lost $5.8 billion in the fourth quarter amid slumping sales and huge restructuring costs, pushing the No. 2 U.S. automaker’s s loss for the year to $12.7 billion, the largest in its 103-year history, the Associated Press reported.
January 25, 2007Knight Reports Record Fourth-Quarter, ’06 Income, Revenue
Truckload carrier Knight Transportation said late Wednesday that its revenue and income for the fourth quarter and full-year 2006 reached records.
January 24, 2007