Many drivers will receive higher per-mile pay in 2005, according to an online survey sponsored by Rand McNally. A survey of 424 trucking professionals conducted by The Litchfield Group found more than 20 percent of trucking companies plan to increase their per-mile pay for driving through congested areas this year. Forty-six percent of managers, however, do not plan any pay increase in 2005.
Transport Capital Partners has been formed through a merger of transportation services firm Transport Capital Advisors and mergers and acquisitions firm Larsen, Batts, Welborn & Co. The new company will focus on merger and acquisition services, capital sourcing and financial advisory services.
Rep. Collin Peterson (D-Minn.) introduced legislation (H.R. 1255) to extend tax incentives for biodiesel.
Frozen Food Express Industries reported that its net income for 2004 was up more than 150 percent from 2003 to $10.8 million on revenues that were 12.4 percent higher than the prior year. Only in 1994 did the carrier have a higher net income in its 59-year history.
Overnite Corp. reported that its operating revenue for the fourth quarter of 2004 was a record $421.4 million, up 11.4 percent from the same 2003 period.
Knight Transportation said that its 2004 revenue was up 30.1 percent to $442.3 million and that net income increased 35 percent to $47.9 million.
What does the overall financial health of the United States mean to you? A recent speech at the University of Alabama’s school of business by the nation’s chief accountability watchdog tried to tackle that very question. And the answers offered by David Walker, comptroller general of the United States, are unsettling.
