Oil prices rose to their highest level in almost two weeks near $65 a barrel, pushed higher by strong equity markets and signs that energy demand in China is rebounding, Bloomberg reported Monday.
July 20, 2009Transportation Compliance News
Transport Topics government and regulatory coverage keeps managers of a highly-regulated industry aware of the policy decisions that can shape their businesses. Covering both the legislative and regulatory aspects of policy-making, at both the state and national levels, the news in this category includes looks at infrastructure, hours of service, emissions rules, funding measures, leadership appointments, and more. Readers can follow what鈥檚 happening in Congress, at the Department of Transportation and the Federal Motor Carrier Administration, and in state and local governments.
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, 2009C.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, 2009Volvo 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, 2009Forward Air鈥檚 2Q Profit Falls
Forward Air Corp.鈥檚 second-quarter net income fell to $2.8 million, or 10 cents per share, compared with a profit of $12.1 million, or 42 cents, a year ago.
July 21, 2009Leading Indicators Rise for Third Month
An index of leading economic indicators rose 0.7% in June, the third consecutive increase, the New York-based Conference Board said Monday.
July 20, 2009I-75 Near Detroit Expected to Reopen Monday
A two-mile stretch of Interstate 75 damaged by a fiery explosion last week is expected to reopen Monday, the Detroit Free Press reported.
July 20, 2009Navistar Finishes Field Tests On 2010 Engines After 18 Mos.
Navistar Inc. said it has completed 18 months of laboratory and field tests of its 鈥渁dvanced鈥 version of exhaust gas recirculation engine technology that will be used to meet 2010 federal emission requirements.
July 20, 2009Let the Good Times Roll
Now that we鈥檝e had a week to digest the Transport Topics 100 ranking of the largest for-hire carriers in the United States and Canada, it鈥檚 clear that our coverage focused as much on the coming silver lining as on the bleak economic reality of 2008 and the first half of 2009.
July 20, 2009Letters: Early Safety Adopted; Reregulation
Any trucking company that takes the leadership position in safety and in clean air is to be commended. But doing so through high-tech safety and Environmental Protection Agency ventures makes the outcome risky.
July 20, 2009Trending
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