Despite some signs of economic recovery, transportation services activity in most regions declined in the six weeks through mid-October, the Federal Reserve said Wednesday.
October 21, 2009Business
Oil Closes Above $81 a Barrel
Oil closed at more than $81 a barrel Wednesday for the first time in a year as an inventory report showed that stockpiles are at the highest level since August.
October 21, 2009BusinessSafetyGovernmentLogistics
C.H. Robinson鈥檚 3Q Profit Improves
Transportation and third-party logistics firm C.H. Robinson Worldwide reported a third-quarter profit of $95.5 million, or 57 cents a share, up slightly from $93.6 million, or 54 cents a share, a year ago.
October 21, 2009BusinessLogistics
CN Reports Lower 3Q Profit; Appoints New CEO
Canadian National Railway Co. said its third-quarter net income dropped to C$461 million or 97 cents per share, from C$552 million or C$1.16 per share a year earlier.
October 21, 2009BusinessGovernment
Arkansas Best Takes 3Q Loss; CEO Davidson to Step Down
Arkansas Best Corp. said Wednesday it took a third-quarter loss and that Chief Executive Officer Robert Davidson will retire at the end of this year, to be succeeded by Judy McReynolds.
October 21, 2009Business
N.J. Enacts Law on Snow Removal from Vehicles
New Jersey Gov. Jon Corzine (D) signed a law Tuesday that would set fines for vehicles with 鈥渄angerous accumulations鈥 of snow or ice on them, though enforcement will not begin for a year, the Associated Press reported.
October 21, 2009BusinessSafetyFuel
ATA, Port of Long Beach Settle Lawsuit
Officials with the Port of Long Beach and American Trucking Associations reached an out-of-court settlement to ATA鈥檚 federal lawsuit Monday, announcing that the port鈥檚 concession requirement contained in the clean trucks plan will be replaced with a registration process.
October 20, 2009GovernmentBusinessTechnologyEquipmentSafety
Company Awarded FMCSA Contract to Screen Drivers
NIC Technologies LLC said Tuesday it has been awarded the contract to oversee the Federal Motor Carrier Safety Administration鈥檚 pre-employment screening system for truck and bus drivers.
October 20, 2009Business
Marten Reports Lower Third-Quarter Income
Refrigerated truckload carrier Marten Transport鈥檚 third-quarter net income fell 43% to $3.5 million, or 16 cents a share, from $6.1 million, or 28 cents, a year ago.
October 20, 2009Business
Haney Truck Line Buys Two Northwestern Trucking Companies
Seattle-based truckload carrier Haney Truck Line said Tuesday it has purchased two Northwestern truckload companies, Washington-based Puget Sound Truck Lines and Oregon-based Nickel Plate Express.
October 20, 2009