Truckload carrier Werner Enterprises鈥 third-quarter profit declined 11% from a year ago, to $21.9 million or 30 cents per share, from $24.6 million or 31 cents last year.
October 16, 2007GovernmentBusiness
States Receive FHWA Funds to Ease Delays
The Federal Highway Administration announced Oct. 5 it is issuing nearly $5 million in grants to six states to 鈥渞educe traffic jams near highway construction sites by speeding project completion.鈥
October 17, 2007Business
Two TSA Laptop Computers Stolen
Two laptop computers with personal information about U.S. commercial drivers who transport hazardous materials are missing and considered stolen, the Associated Press reported Tuesday.
October 16, 2007GovernmentBusinessSafety
Court Says FedEx Drivers Can Sue for Status; Company Plans To Appeal
A federal judge ruled Monday that FedEx Corp.鈥檚 independent drivers can sue as a group for benefits sought in a lawsuit filed by workers claiming they should be paid as full-time employees, Bloomberg reported.
October 16, 2007Business
Supervalu鈥檚 Earnings Rise for Fiscal 2Q
Grocery chain Supervalu Inc. earned $148 million, or 69 cents a share, for its second quarter ended Sept. 8, up from $132 million or 61 cents a year earlier.
October 16, 2007Business
Industrial Production Rises 0.1% in September
Industrial production rose 0.1% in September, the Federal Reserve said Tuesday.
October 16, 2007Business
Velocity Express Reports Fiscal 4Q Loss
Velocity Express said Tuesday it lost $4.3 million or 20 cents a share in its fiscal fourth quarter ended June 30, compared with a loss of $5.8 million or 44 cents a year earlier.
October 16, 2007FuelBusinessGovernment
Diesel Gains 0.4垄 to $3.039; Oil Hits Record, Topping $86
Retail diesel fuel rose 0.4 cent to $3.039 a gallon, the Department of Energy said Monday, while crude oil jumped to a new closing-price record of $86.13 a barrel.
October 16, 2007Business
UPS Chief Executive Eskew Stepping Down
UPS Inc. said Monday Chairman and Chief Executive Officer Mike Eskew will step down at the end of the year and be replaced by Scott Davis, the company's vice chairman and chief financial officer.
October 15, 2007GovernmentBusinessSafety
ATA Expects 11-Hour HOS Limit Will Hold
ATA President Bill Graves said Friday that he expects a court鈥檚 90-day stay will give federal regulators enough time to issue an interim final rule maintaining an 11-hour limit for truck drivers鈥 hours of service, the Associated Press reported.
October 15, 2007