Surface transportation trade among the United States, Canada and Mexico plunged 30.9% in February from a year earlier, the biggest year-to-year decline on record, the Department of Transportation said Thursday.
April 30, 2009Search
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Judge Blocks Calif. Owner-Operator Ban
A federal judge last week issued a preliminary injunction blocking many of the provisions in the clean trucks plans of the Ports of Los Angeles and Long Beach, including the controversial ban on independent drayage owner-operators at Los Angeles.
May 4, 2009ISM Manufacturing Index Improves
Manufacturing in the U.S. improved last month but still showed overall contraction, the Institute for Supply Management said Friday.
May 1, 2009Oil Rises to $51 a Barrel
Oil closed the trading day Wednesday near $51 a barrel on the New York Mercantile Exchange following an Energy Department report that showed gasoline inventories declined last week, Bloomberg reported.
April 29, 2009Mullen’s First-Quarter Income Drops
Canadian transportation firm Mullen Group Income Fund said its first-quarter profit dropped 37.8% to C$31 million or 38 cents per unit, from C$49.8 million, or 62 cents per unit, a year ago.
April 29, 2009Judge to Block SoCal Ports’ Concession Plans
A federal judge said she will block the concession plans at the ports of Los Angeles and Long Beach, including L.A.’s requirement that truck drivers be trucking company employees and not contractors, the Associated Press reported.
April 28, 2009Daimler Reports Loss for First Quarter
Daimler AG said Tuesday it lost $1.68 billion in the first quarter, compared with a profit of $1.73 billion a year ago, the Associated Press reported.
April 28, 2009Covenant Says It Lost $5.5 Million in First Quarter
Covenant Transportation Group said Tuesday it lost $5.5 million, or 39 cents per share, in the first quarter, compared with a loss of $7.8 million, or 56 cents, a year ago.
April 28, 2009Recession Hurting Used-Truck Exports
OXON HILL, Md. — The sale of used North American trucks to overseas markets may once again become a useful technique for maximizing revenue for sellers, industry executives said, but for now the recession has caused even that market to decline.
April 28, 2009Cargo Theft Still ‘On the Rise’
Cargo theft continues to be a problem for the freight transportation industry and could cause insurance premiums to increase, two experts said.
April 27, 2009