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Business: Page 992
Business
Caterpillar settles alleged Clean Air Act violations for $2.55 million
Caterpillar agreed to pay a $2.55 million penalty — $2.04 million to the United States and $510,000 to the state of California — on July 28 as part of a settlement with the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Justice (DOJ) for alleged Clean Air Act violations. (For a downloadable PDF […]
August 1, 2011
Business
Pilot Flying J pledges $10,000 to TCA image program
Pilot Flying J pledged $10,000 to the Truckload Carriers Association’s public image campaign during TCA’s Refrigerated Division Annual Meeting. Mark Hazelwood, executive vice president of Pilot Flying J, said action is imperative if the trucking industry hopes to influence lawmakers and their constituents. “TCA is doing the right thing, and we wholeheartedly support its efforts,” […]
August 1, 2011
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Business
Legislation calls for fair permitting of trucks up to 100,000 pounds
U.S. Senator Olympia J. Snowe (R-Maine) introduced The Commercial Truck Safety Act, legislation intended to ease interstate commerce and enhance safety on highways and secondary roads. The bill would eliminate what Snowe identifies as inequitable government regulation permitting six-axle trucks weighing up to 100,000 pounds to travel on some states’ interstate highways and not others. “When […]
August 1, 2011
Business
Pennsylvania State Police earn high marks from FMCSA
The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration awarded the highest possible safety rating to the Pennsylvania State Police for providing timely, accurate crash and inspection data. Pennsylvania’s motor carrier safety assistance program is a cooperative effort of the State Police, Pennsylvania Public Utility Commission, and the numerous municipal police departments that employ […]
August 1, 2011
Business
Dana announces second-quarter results
Dana Holding Corporation announced its second-quarter 2011 results, including net income of $68 million and adjusted EBITDA of $201 million, which compared to $9 million and $154 million, respectively, for the prior-year period. Sales for the quarter were $1.9 billion, up more than 25 percent over the second quarter of 2010.  Higher production volumes and […]
August 1, 2011
Business
ISM index: Manufacturing growth practically stops
Economic activity in the manufacturing sector expanded in July for the 24th consecutive month, but just barely, according to the latest report on manufacturing from the Institute for Supply Management. ISM’s composite PMI plunged 4.4 points to 50.9 percent. The threshold between an expanding manufacturing sector and a contracting one is 50 percent. Another near-term […]
August 1, 2011
Business
Old Dominion’s 2Q earnings up 83.1%
Old Dominion Freight Line Inc. on Thursday, July 28, announced revenue for the second quarter ended June 30 increased 30.4 percent to $480.3 million from $368.3 million for the second quarter of 2010. Net income rose 83.1 percent to $39.4 million from $21.5 million. Old Dominion’s operating ratio improved to 86.5 percent from 89.1 percent. […]
July 28, 2011
Business
Universal Truckload’s 2Q net income declines
Universal Truckload Services Inc. on Thursday, July 28, announced that for the 13 weeks ended July 2, operating revenues increased 16.6 percent, or $25.7 million, to $180.0 million from $154.3 million for the 13 weeks ended July 3, 2010. The company’s operating ratio improved 80 basis points to 96.6 percent from 97.4 percent. Included in […]
July 28, 2011
Business
Pacer posts higher 2Q profit
Pacer International Inc. on Thursday, July 28, said revenues for the three months ended June 30 were $386.3 million, and excluding revenues from the transitioned east-west big box business during 2010, intermodal revenues improved by $27.2 million or 9.8 percent. Income from operations increased $4.3 million or 134 percent to $7.5 million, while the company’s […]
July 28, 2011
Business
Frozen Food Express reports smaller 2Q net loss
Frozen Food Express Industries Inc. on Thursday, July 28, announced total operating revenue for the second quarter ended June 30 increased $6.4 million to $101.3 compared to $95.0 million in the same period of 2010. Total operating revenue, net of fuel surcharges, decreased slightly to $78.6 million compared to $80.0 million. Net loss decreased to […]
July 28, 2011
Business
Hub Group’s 2Q income up 49%
Hub Group Inc. reported income of $14.4 million for the second quarter ended June 30, an increase of 49 percent compared to the second quarter of 2010. Diluted earnings per share was $0.39, an increase of 50 percent. “We had a solid quarter with a 66 percent increase in revenue that came from organic growth […]
July 28, 2011
Business
Echo Global Logistics posts higher 2Q profit
Echo Global Logistics Inc., a provider of technology-enabled transportation and supply chain management services, on Thursday, July 28, announced that total revenue for the three months ended June 30 was $151.5 million, up 38 percent compared to $109.9 million in the second quarter of 2010. The Chicago-based company said the majority of this increase was […]
July 28, 2011
Business
CRST acquires Specialized Transportation Inc.
CRST International Inc. on Thursday, July 28, announced the acquisition of Specialized Transportation Inc., a provider of customized supply chain solutions for products that require high-touch support, special handling and equipment, and value added onsite services. Both companies are privately held; terms were not announced. STI, an independent company since 2004, was formerly the high-value […]
July 28, 2011
Business
Canadian shipping costs rising
Results published by Nulogx’s Canadian General Freight Index indicate that the cost of ground transportation for Canadian shippers increased in May when compared to April due to increases in both base rates and fuel surcharges assessed by carriers. The CGFI Total Freight Cost Index rose by 0.8 percent in May when compared to April, its […]
July 28, 2011
Business
UPS touts improved fuel efficiency
UPS on Thursday, July 28, released the latest edition of its annual Sustainability Report, disclosing it once again had managed to reduce the amount of fuel it’s using to deliver each package in the United States. UPS says its U.S. package volume rose 1.8 percent in 2010 compared to 2009, but it reduced the amount […]
July 28, 2011
Business
Dana to divest interests in Getrag joint ventures
Dana Holding Corp. on Thursday, July 28, announced it has signed definitive agreements to sell its equity in two joint ventures to Getrag. Dana says these transactions, expected to close in September and contingent upon receiving required regulatory approvals, are part of a larger transaction between Getrag and GKN plc. Dana says it will receive […]
July 28, 2011
Business
Utility’s Glade Spring plant resumes full production after tornado
Utility Trailer Manufacturing Co. announced that its dry van manufacturing plant’s assembly line is in full production after a tornado struck last April in Glade Spring, Va. After the tornado struck, Utility’s Glade Spring plant employees were transferred to Utility’s nearby refrigerated trailer plant in Marion, Va., and some helped the community with cleanup and […]
July 28, 2011
Business
Internet Truckstop integrates with ALK’s PC Miler
Internet Truckstop, a provider of Internet freight matching, announced that it has joined with ALK Technologies Inc. to provide ALK’s PC Miler mileage to the list of decision support tools available to members. PC Miler routing, mileage and mapping software is the flagship product of ALK Technologies, a developer of mobile navigation and transportation technology […]
July 28, 2011
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Top Stories
Business
Drayage operator T.G.S. closes its doors
T.G.S. is at least the second carrier to not make it out of the month of July, joining Carrol Fulmer in its industry exit.
Regulations
Repeal of truck emissions regs 'doesn’t help the trucking industry'
Emissions
EPA set to unravel 'disastrous' federal trucking emissions regulations
Business
Hyway Transportation parent acquiring Michigan fleet
Mergers & Acquisitions
Hub Group acquires Marten's intermodal business
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