FedEx Corp. said it has added 92 hybrid-electric trucks to its delivery fleet, the first standard FedEx delivery trucks converted to hybrid-electric systems.
July 21, 2009BusinessGovernment
DHL Signs Telecom Agreement with AT&T
Deutsche Post DHL has signed a five-year telecommunications agreement with AT&T, in which AT&T will provide telecommunications to Deutsche Post DHL units throughout the United States.
July 22, 2009Business
Opinion: Don鈥檛 Gamble on the Litigation Lottery
All motor carriers face financial risk when it comes to the litigation lottery and the chance a relatively insignificant claim could go out of control and become a mammoth verdict.
July 22, 2009BusinessFuel
E&MU: Financial Aid Offsets Hybrid Costs
Transport carriers are under pressure to reduce greenhouse gas emissions, but the long-term fuel savings a hybrid truck could deliver are out of sync with fiscal reality for companies forced by the recessionary economy to pinch every penny.
July 22, 2009Business
Marten Reports Higher Second-Quarter Income
Refrigerated truckload carrier Marten Transport鈥檚 second-quarter net income rose 29.1% to $4.5 million, or 20 cents a share, from $3.5 million, or 16 cents, a year ago.
July 21, 2009BusinessSafetyGovernmentLogistics
C.H. Robinson鈥檚 2Q Profit Improves
Transportation and third-party logistics firm C.H. Robinson Worldwide reported a second-quarter profit of $92 million, or 54 cents a share, up slightly from $90 million, or 52 cents a share, a year ago.
July 21, 2009GovernmentBusiness
Volvo Reports Loss; Sees 鈥楧ifficult鈥 3Q
Volvo AB said Tuesday it lost $725 million, or 36 cents a share, more than analysts鈥 estimates, and said it was facing a 鈥渄ifficult鈥 third quarter in light of lower truck sales, Bloomberg reported.
July 21, 2009FuelBusiness
Diesel Falls 4.6垄 to $2.496 in Fourth Straight Drop
Diesel fuel fell 4.6 cents to $2.496 a gallon, its fourth straight decline, the Department of Energy said.
July 21, 2009Business
Caterpillar鈥檚 Profit Drops; Boosts 鈥09 Forecast
Heavy equipment and diesel engine maker Caterpillar Inc. said Tuesday its second-quarter profit fell by two-thirds, but boosted its full-year earnings forecast.
July 21, 2009Business
Werner鈥檚 Second-Quarter Income Declines
Truckload carrier Werner Enterprises said its second-quarter profit fell to $12.7 million, or 18 cents per share, from $18.1 million, or 25 cents, a year ago.
July 21, 2009