Saia Inc. said Friday it lost $6.3 million in the first quarter 鈥渄ue to an unprecedented reduction in tonnage and increasing pricing pressure.鈥
April 24, 2009BusinessSafetyGovernment
Companies Pushing for Higher Premiums to Compensate for Losses on Investments
The long downward trend in insurance rates for fleets may be coming to an end as more insurers push for higher premiums to make up for investment losses and as fewer underwriters compete for the business.
April 27, 2009GovernmentBusinessSafety
Ontario to Allow Double 53-Foot Trailers on Some Roads in 1-Year Pilot Program
The Ontario Ministry of Transportation said it will begin issuing permits this summer allowing double, 53-foot trailers on selected highways in the province.
April 27, 2009FuelBusinessGovernment
Fleet Bankruptcy Pace Slows
Lower fuel prices, along with the assistance of some forgiving financiers, limited the number of first-quarter trucking bankruptcies to 480, slightly more than in the last three months of 2008, but far below the 935 firms that failed in the corresponding period a year ago.
April 27, 2009BusinessGovernment
March New 91视频 Sales Fall 0.6%
New home sales fell 0.6% in March, the Commerce Department said Friday.
April 24, 2009BusinessGovernment
Durable Goods Orders Decline 0.8%
Durable goods orders fell 0.8% in March, the Commerce Department said Friday.
April 24, 2009BusinessSafetyGovernment
Knight鈥檚 First-Quarter Income Improves
Truckload carrier Knight Transportation鈥檚 first-quarter profit rose to $11.7 million, or 14 cents a share, from $11.4 million, or 13 cents, a year ago.
April 22, 2009BusinessGovernmentSafety
Arkansas Best Reports $18 Million 1Q Loss
Arkansas Best Corp. Wednesday reported a first-quarter loss of $18.2 million, or 73 cents a share, compared with a profit of $8.5 million, or 34 cents, a year ago.
April 22, 2009GovernmentBusinessSafety
Court Backs FedEx on Drivers鈥 Status
FedEx Corp.鈥檚 small-package delivery drivers may be classified as independent contractors and not聽company employees, a federal appeals court ruled Tuesday, Bloomberg reported.
April 21, 2009BusinessSafetyGovernmentLogistics
C.H. Robinson Reports Flat 1Q Income
Transportation and third-party logistics firm C.H. Robinson Worldwide鈥檚 first-quarter profit dipped slightly to $85.4 million, or 50 cents a share, from $86.3 million, or 50 cents, a year ago.
April 21, 2009