Transportation and third-party logistics firm Pacer International reported a first-quarter loss of $177.4 million, or $5.11 per share, compared with a profit of $13.4 million, or 38 cents, a year earlier.
May 7, 2009Search
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Diesel Price Dips 1.6¢ to $2.185
The average price of retail diesel in the United States slipped another 1.6 cents last week to $2.185 a gallon, the Department of Energy reported, even as crude oil hit a five-month high.
May 11, 2009Wholesale Inventories Fall 1.6%
Wholesale inventories fell in March for the seventh consecutive month, the Commerce Department said Friday.
May 8, 2009Letters: Safe Driving, Mileage Tax, Sleep Apnea
I agree wholeheartedly with op-ed writer Ryan McDonald’s opinion on the value of tail-ride checks, when they are performed by safety professionals. These on-the-road driver observations are an integral part of my company’s services to the Canadian transportation industry.
May 11, 2009Fuel’s Crystal Ball
If you have any doubts about the future direction of fuel prices, pay attention to what’s happening today.
May 11, 2009Volvo Backs Longer, Heavier Trucks
BOSTON — Volvo Trucks North America said the United States should adopt a policy of allowing longer, heavier trucks on the nation’s highways as a way to increase driver productivity and to conserve fuel.
May 11, 2009First-Quarter Productivity Improves
First-quarter U.S. worker productivity improved at an 0.8% annual rate in the first quarter, the Labor Department said Thursday.
May 7, 2009Oil Closes at 6-Month High Over $56 a Barrel
Oil rose more than $2 Wednesday to close above $56 a barrel — the highest price in almost six months — following an Energy Department report that showed a smaller-than-expected increase in stockpiles, Bloomberg reported.
May 6, 2009Patriot Transportation’s Fiscal 2Q Income Rises
Tank and bulk carrier Patriot Transportation Holding said Wednesday its fiscal second-quarter net income rose to $1.4 million, or 45 cents a share, from $626,000, or 20 cents, a year ago.
May 6, 2009UPS Boosting Asian Operations Centers
UPS Inc. announced plans Tuesday to boost its global post-sales service options by expanding a field stocking location network in India and enhancing its Asia logistics customer support center in the Philippines.
May 5, 2009