Tank truck carrier Quality Distribution reported a first-quarter loss of $95,000 or zero cents a share, compared with earning $4.5 million or 23 cents a year ago.
May 8, 2007BusinessFuelGovernmentSafety
Air Cargo Shipments Fall 2.1%
Air cargo shipments fell 2.1% in March, the Air Transport Association said Monday.
May 7, 2007Government
Gasoline Jumps to $3.07 a Gallon
Gasoline prices jumped nearly 20 cents in the past two weeks to $3.07 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.
May 7, 2007GovernmentBusinessSafetyFuel
Freightliner Sets New 鈥楥ascadia鈥 Truck
CHARLOTTE, N.C. 鈥斅 Freightliner Trucks last week introduced a new heavy-duty over-the-road truck called 鈥淐ascadia鈥 it said improves fuel efficiency by 3%.
May 7, 2007BusinessGovernmentAutonomous
House Panel Imposes New Border Limits
A House panel moved to put new limits on the Bush administration鈥檚 plans to open the U.S. border to Mexican trucks, and the panel鈥檚 chairman warned DOT not to go forward with its plans.
May 7, 2007BusinessGovernmentSafetyFuel
Diesel Declines 4垄 to $2.811
Diesel fuel fell 4 cents a gallon to $2.811 last week, its second straight decline, while the gasoline average posted its largest gain in just over a year, the Energy Department said.
May 7, 2007BusinessSafetyGovernmentLogistics
Pacer鈥檚 Income Falls 41%
Transportation and third-party logistics firm Pacer International鈥檚 first-quarter net income plunged 41% to $14.4 million or 15 cents a share, from $24.4 million or 36 cents a year ago.
May 4, 2007GovernmentBusinessLogistics
U.S. Firm Buying Canada Cartage
A U.S. private-equity firm will buy trucking company Canada Cartage for C$140 million, the Canadian Press reported Friday.
May 4, 2007BusinessSafetyGovernment
YRC Names USF Glen Moore CEO
YRC Regional Transportation said Thursday it named Gary Pruden president and chief executive officer of its USF Glen Moore unit.
May 4, 2007GovernmentBusinessSafety
MAN鈥檚 Income Improves
German truck maker MAN reiterated its interest in a three-way association with Volkswagen and Swedish rival Scania, and boosted its 2007 forecast after a better-than-expected first quarter, Agence France Press reported Thursday.
May 3, 2007