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Business: Page 1109
Business
Landstar reports higher 4Q profit
Landstar System Inc. on Tuesday, Feb. 1, reported 2010 fourth-quarter net income of $24.1 million compared to net income of $18.6 million for the 2009 fourth quarter. Revenue was $587.5 million compared to $547.7 million. Truck transportation revenue hauled by independent business capacity owners and truck brokerage carriers was $537.6 million, or 91 percent of […]
February 1, 2011
Business
C.H. Robinson posts higher 4Q net income
C.H. Robinson Worldwide Inc. on Tuesday, Feb. 1, reported financial results for the quarter and year ended Dec. 31. For the quarter, total revenue was $2.33 billion, a 15.8 percent increase from $2.01 billion during the year-ago period; and net income was $103.2 million, up 17.6 percent from $87.7 million. For the year, total revenue […]
February 1, 2011
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Business
Dynamex says merger cleared for takeoff
Dynamex Inc., a provider of same-day delivery and logistics services in the United States and Canada, on Tuesday, Feb. 1, announced that it has received early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 with respect to the proposed merger with TransForce Inc. The Dallas-based company said it received a […]
February 1, 2011
Business
Common hazmat permits added to federal regulations
The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration on Tuesday, Feb. 1, announced another step in its efforts to improve the safe transport of hazardous materials by incorporating the provisions of six widely used cargo tank special permits into federal hazardous materials regulations. PHMSA says this new regulation will cut down on […]
February 1, 2011
Business
Shell begins market tests of nitrogen-enriched diesel
Shell Oil Products US announced a test of Shell Nitrogen Enriched Diesel, extending the company’s “Nitrogen Enriched” advanced cleaning system to diesel. The company says the fuel has been proven to reduce fuel consumption in an extensive test of heavy-duty vehicles and now is available on a trial basis. It will be offered to both […]
February 1, 2011
Business
Accuride sells Bostrom Seating to Commercial Vehicle Group
Accuride Corp. has announced the sale of its Bostrom Seating division to Commercial Vehicle Group Inc. “Since acquiring Bostrom Seating as a portion of our 2005 acquisition of Transportation Technologies Industries, we have continued to build Bostrom’s brand recognition within the industry,” says Bill Lasky, Accuride’s president, chief executive officer and chairman of the board. […]
February 1, 2011
Business
Decisiv unifies communications for service events
Decisiv Inc., provider of technology designed to connect fleet managers with internal and external service locations, announced that it has expanded the unified communications of the Decisiv Service Management Platform. Fleets, service locations, mobile work force personnel and OEM representatives now can communicate and access details about vehicle service events through call centers and on […]
February 1, 2011
Business
Pitt Ohio offers real-time iPhone shipment tracking
In conjunction with the release of a new website, Pitt Ohio, a Pittsburgh-based truckload and less-than-truckload carrier, announced the upgrade to its iPhone application to version 2.5. In version 2.5 of Pitt Ohio’s Mobile iPhone Application, customers can track both LTL and Ground shipments in real time. The applications’ Shipment Activity tab shows the tracking […]
February 1, 2011
Business
Roush CleanTech developing Ford E-350 liquid propane fuel system
Roush CleanTech announced that it has begun development of a liquid propane autogas fuel system for the Ford E-350 dual rear wheel (DRW) cutaway chassis. While this vehicle is used extensively by Frito-Lay, the first customer for the fuel system conversion, other fleets also will be able to utilize this technology to make the switch […]
February 1, 2011
Business
Ecco spotlights LED minibars
Ecco’s 5580 Reflex LED minibars are designed to provide a compact, powerful warning solution that offers the flexibility of either permanent of vacuum-magnet mounting. Featuring 12-24V DC operation, the 5580 Series uses high-intensity LEDs and eight LED reflector modules to maximize light output. The permanent-mount model offers the choice of 18 flash patterns.
February 1, 2011
Business
Manufacturing surge continues in January
Economic activity in the manufacturing sector expanded in January for the 18th consecutive month, according to the Institute for Supply Management’s monthly survey of U.S. supply executives. The PMI — ISM’s composite index of manufacturing activity — stood at 60.8 percent in January, up 2.3 percentage points from December. Index values above 50 percent mean […]
February 1, 2011
Business
FMCSA proposes to mandate EOBRs for interstate carriers
All interstate commercial truck and bus carriers that now use logbooks to track compliance with hours-of-service regulations would have to use electronic onboard recorders instead under a proposed regulation issued by the Federal Motor Carrier Safety Administration Monday, Jan. 31. The proposal would relieve carriers of the current requirement to retain certain HOS documents, such […]
February 1, 2011
Business
Diesel prices edge slightly higher to $3.438
Diesel prices rose for the ninth straight week during the week ended Monday, Jan. 31, but the pace slowed as the national average retail price added only eight-tenths of a cent to $3.438 a gallon, according to the U.S. Department of Energy’s Energy Information Administration. Diesel prices are 65.7 cents higher than they were during […]
February 1, 2011
Business
Trucks carry the most freight in almost all states, BTS reports
Trucking is the predominant mode used by businesses to ship freight in almost all states, according to “State Summaries: 2007 Commodity Flow Survey” from the Department of Transportation’s Bureau of Transportation Statistics. BTS, a part of the Research and Innovative Technology Administration, reported that at least 60 percent of the total value of shipments for […]
January 31, 2011
Business
Saia rebounds from 2009 4Q loss
Saia Inc. on Monday, Jan. 31, reported fourth-quarter revenue was $224 million, up 11 percent from the prior -year quarter, reflecting enhanced yield and increased tonnage. Operating income was $1.8 million compared to an operating loss of $3.6 million from continuing operations. Net income was $700,000 compared to a loss of $3.1 million. Fourth-quarter 2009 […]
January 31, 2011
Business
FedEx expands LTL offerings
FedEx Freight Corp. on Monday, Jan. 31, announced enhancements to its service offerings by launching a unified less-than-truckload network and offering customers the choice of two levels of service from a single company. FedEx Freight Priority is a fast-transit option for time-sensitive LTL freight delivery, while FedEx Freight Economy is an economical choice for freight […]
January 31, 2011
Business
Pitt Ohio rebrands, launches new website
Pitt Ohio is launching a new website in conjunction with the company’s rebranding efforts and the removal of “Express” from its name. Pitt Ohio says the new site is a more comprehensive view of its enterprise of services, including Supply Chain, Ground, Less-Than-Truckload (LTL) and Truckload. Visitors to the site will gain better access and […]
January 31, 2011
Business
Ryder completes Scully acquisition
Ryder System on Monday, Jan. 31, announced the completion of its previously announced acquisition of The Scully Companies Inc., based in California. Scully is a privately-owned regional provider of full-service lease, contract maintenance, commercial rental and dedicated contract carriage solutions, primarily serving the western United States. Ryder says the acquisition, terms of which were not […]
January 31, 2011
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