Transportation and third-party logistics firm Pacer International’s first-quarter profit rose to $14.3 million, or 41 cents a share, from $7.8 million, or 21 cents, a year ago, the company said.
May 6, 2008Search
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Oil Soars Past $122; Regulators Considering More Oversight
With oil soaring to new records — crude surged past $122 a barrel on Tuesday for the first time — federal regulators are considering stricter regulation of the oil industry, the Wall Street Journal reported Tuesday.
May 6, 2008Mullen’s 1Q Income Declines; Truck Segment Improves
Canadian transportation firm Mullen Group Income Fund’s first-quarter profit fell but its trucking and logistics unit’s performance improved, the company said late Monday.
May 6, 2008DeFazio Says Congress Should Help Truckers Hit by Fuel Costs
A key Congressman said lawmakers should help the trucking industry cope with diesel prices that have risen 45% in the past year, Bloomberg reported.
May 6, 2008DOE Boosts Diesel-Price Forecast
Diesel fuel will average $3.94 per gallon at the pump this year — more than a dollar over last year’s average and higher than the $3.62 forecast issued last month, the Department of Energy said.
May 6, 2008Letters to the Editor: Idling, Govt. and Fuel, Owner-Operators, Time for Protest
Your front-page article April 7 about auxiliary power units possibly saving on fuel quoted an APU maker’s spokesman who stated (like many others I have seen) that idling truck engines use up to 1.8 gallons of fuel an hour.
May 6, 2008DOT Secretary Peters Launches Blog
Transportation Secretary Mary Peters has launched a blog at DOT, called the Fast Lane.
April 30, 2008Senators Want EPA to Waive Future Ethanol Mandates
A group of Senate Republicans want the Environmental Protection Agency to consider waiving ethanol production mandates, amid rising food prices, the Associated Press reported Monday.
May 5, 2008FedEx Expands Truckload Brokerage to Canada
FedEx Truckload Brokerage has expanded its coverage to many parts of Canada, the company said Monday.
May 5, 2008ISM Services Index Expands
The U.S. economy’s service showed expansion last month, the Institute for Supply Management said Monday.
May 5, 2008