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Hub Group’s Fourth-Quarter, Full-Year Earnings Rise

Third-party logistics provider Hub Group said late Monday it earned $13.5 million or 34 cents a share in the fourth quarter, up from $10.1 million or 25 cents a share for the same quarter a year earlier.

February 12, 2007

Ryder to Boost Dividend 3 Cents to 21 Cents a Share in March

Ryder System said Monday its board approved a 3-cent increase in its dividend, boosting the payout to 21 cents a share.

February 12, 2007

Lack of Holiday Shipping Surge Depresses 4Q Truckload Profits

Profits fell at major public truckload carriers in the fourth quarter, as declining demand for freight carriage more than eliminated the benefit of declining diesel prices, which are now lower than a year earlier.

February 9, 2007

Letters to the Editor: Hybrid Trucks, Diesel vs. Gasoline

to write a Letter to the Editor.
Undoubtedly, there is a need to pursue alternatives to decrease fuel consumption, lower our dependency on fossil fuels, promote cleaner air and reduce CO2 emissions.

February 9, 2007

ATA Petitions FMCSA for Employer Notification

American Trucking Associations has filed a petition with the Federal Motor Carrier Safety Administration last week seeking amendments to rules regarding employer notification and drivers.

February 9, 2007

Vitran’s 4Q Income Flat; Company Reports Record Year

Toronto-based transportation and logistics firm Vitran Corp.’s fourth-quarter profit was $5 million or 37 cents a share, compared with $5 million or 39 cents a year earlier.

February 8, 2007

Pacer’s Fourth-Quarter Income Rises; Revenue Dips

Transportation and third-party logistics firm Pacer International’s fourth-quarter net income rose to $21.5 million or 57 cents a share, from $20.4 million or 54 cents a year earlier.

February 8, 2007

Wholesale Inventories Unexpectedly Drop in December

Wholesale inventories fell 0.5% in December, the most since May 2003, as sales surged, the Commerce Department reported Thursday.

February 8, 2007

Company Withdraws from $1.2 Billion Buyout Plan of EGL

Transportation and logistics firm EGL Inc. said Wednesday that the private firm set to buy the bulk of EGL’s stock and take the company private pulled out of the $1.2 billion deal, citing concerns about EGL’s impending 2006 earnings report.

February 7, 2007

Truckers Seen Supportive of SoCal Ports’ OffPeak Program

A growing number of truckers report higher earnings since the ports of Long Beach and Los Angeles instituted their OffPeak program July 2005, the program’s sponsors said.

February 7, 2007