Safety
Transportation businesses face a host of dynamic risk issues that can significantly impact their financial and operational health. The news in this category focuses on the latest safety and security initiatives, resources and regulations and addresses topics that include fleet safety, claims administration, driver hiring and retention, risk management and compliance.
Ryder System’s Fourth-Quarter, Full-Year Income Rise
Ryder System’s fourth-quarter profit rose 12% to $65.8 million or $1.08 cents a share, from $58.8 million or 92 cents a year earlier.
February 2, 2007Patriot Transportation’s Fiscal 1Q Income Improves
Patriot Transportation Holding reported net income of $2.2 million or 69 cents a share for its fiscal first quarter, up from $1.9 million or 62 cents a year earlier.
February 2, 2007Florida Storms Cause Accidents, Wreak Havoc in State
Big thunderstorms and tornadoes blew through central Florida Friday, killing as many as 19 people and causing accidents on interstates, including one that tossed a tractor-trailer airborne, news reports said.
February 2, 2007Saia Buys Wisconsin LTL Carrier for $2.5 Million
Less-than-truckload carrier Saia Inc. said Thursday it has acquired Wisconsin-based LTL company Madison Freight Systems for about $2.5 million.
February 1, 2007ISM Manufacturing Index Shows Contraction in January
The Institute for Supply Management’s January manufacturing index showed a contraction, as factories reined in orders to trim inventories, ISM said Thursday.
February 1, 2007Landstar System’s Fourth-Quarter Income Declines
Truckload carrier Landstar System’s fourth-quarter net income fell to $28.7 million or 50 cents a share, from $41.8 million or 70 cents a year earlier.
February 1, 2007Security & Safety Briefs — Jan. 25 - Jan. 31
TSA Awards TWIC Contract to Lockheed Martin • Canada Passes Border Security Bill • Railroads to Get More Safety Scrutiny • EU Customs Chief Criticizes Cargo-Screening Measure
January 31, 2007Japan’s Hino Motors’ Fiscal Third-Quarter Profit Falls 45%
Hino Motors Ltd., Japan’s largest maker of heavy-duty trucks, saw its fiscal third-quarter profit drop 45% as the company spent more to develop new models and expand production, Bloomberg reported.
January 31, 2007Shippers Back Increasing Weight Limit for Trucks
Click here to write a Letter to the Editor.WASHINGTON — Shippers would like to see a switch to larger trucks, and U.S. safety inspectors monitoring size-and-weight rules could have more technology at their disposal in the coming years, according to a Transportation Research Board panel discussion here.
STB Ruling Hits Rail Fuel-Surcharge Practices
The Surface Transportation Board ruled that freight railroads not calculate their fuel surcharges as a percentage of their base rates.
January 31, 2007