Transportation and third-party logistics firm Pacer International鈥檚 fourth-quarter profit slipped to $20.6 million, from $21.5 million a year ago, but per-share earnings rose to 59 cents a share, from 57 cents a year earlier.
February 12, 2008BusinessGovernmentSafetyLogistics
Teamsters Ratify Five-Year Pact
Teamsters union members voted 2-to-1 to ratify a new five-year National Master Freight Agreement with major less-than-truckload carriers that trucking industry executives said gives unionized companies new flexibility to adapt to changing market conditions.
February 18, 2008BusinessLogistics
NATSO Launches New Program Focusing on Truck Stop Safety
LAKE BUENA VISTA, Fla. 鈥 NATSO, the national trade group representing truck stops and travel plazas, unveiled a new public education program here Jan. 24 as a way to help truck stops address drivers鈥 concerns, such as safety.
February 13, 2008BusinessLogistics
Expeditors International of Washington鈥檚 Earnings Improve
Logistics firm Expeditors International of Washington said its fourth-quarter profit rose 12% to $70.1 million, or 32 cents a share, from $62.6 million, or 26 cents, in the previous fourth quarter.
February 12, 2008FuelBusinessLogisticsGovernment
Diesel Price Unchanged at $3.28
The average national price of retail diesel fuel held at $3.28 a gallon from a week ago, the Department of Energy said Monday.
February 11, 2008BusinessLogistics
Wabash鈥檚 Profit Improves; Sales Dip
Trailer maker Wabash National Corp. said Monday its fourth-quarter profit was $5.6 million, or 18 cents a share, compared with a loss of $5 million, or 16 cents, a year ago.
February 11, 2008BusinessSafetyGovernmentLogistics
NHTSA Seeks Ways to Use Technology to Reduce Truck-Involved Fatalities
A high-ranking federal safety regulator said truck-involved fatalities have been stuck at a 鈥渞elatively flat鈥 level for years, and that trend leads officials at the National Highway Traffic Safety Administration to recommend using 鈥淏uck Rogers鈥-style technologies to lower accident rates.
February 11, 2008BusinessFuelGovernmentSafetyLogistics
Towne Air Freight Buys Synergy Cargo Logistics
Towne Air Freight said it acquired Synergy Cargo Logistics, which will give Towne a greater presence in the southwestern United States. Terms were not disclosed.
February 11, 2008GovernmentBusinessSafetyLogistics
Hub Group鈥檚 Fourth-Quarter Earnings Improve
Third-party logistics company and freight broker Hub Group鈥檚 fourth-quarter profit rose 33% to a record $18 million, or 47 cents per share, up from $13.5 million, or 34 cents, a year earlier.
February 7, 2008FuelBusinessLogisticsGovernment
Diesel Rises 2.1垄 to $3.28 a Gallon
The average national price of retail diesel fuel rose 2.1 cents to $3.28 a gallon, the Department of Energy said Monday.
February 5, 2008