Surface

Transportation and logistics giant Con-way lost $154 million in the first quarter, including a goodwill impairment charge of $134.8 million, as a result of intense price competition and plummeting dem

Consol Energy, signaling a weakening market for coal shipping this year, cut its production forecast for the year because of reduced demand.

First-quarter profit at Old Dominion Freight Line dropped nearly 62 percent as weakening demand and lower prices took their toll on the multi-regional LTL carrier’s profits.

Hub Group profits in the first quarter plunged 52.6 percent to $6.2 million as volumes decreased and costs remained high.

Sharp decreases in operating costs at Union Pacific couldn’t put the brakes on a runaway first-quarter decline in railroad revenue and profit that threatens to gain speed as volumes plummet.

Canadian Pacific Railway profits fell 31 percent in the first quarter to $50.9 million.

For the fourth consecutive week, U.S.

GATX Corporation profit fell 42 percent to $27.6 million in the first quarter as demand for railcars and barges declined, depressing both fleet utilization and lease rates.

Profit at UPS Supply Chain and Freight, which includes the express parcel carrier’s heavy package, less-than-truckload division, plunged 64.6 percent to $40 million in the first quarter as trans

Truckload carrier Knight Transportation increased its profit 2.9 percent in the first quarter to $11.7 million, with strong brokerage and refrigerated business offsetting steep declines in core trucki

YRC Worldwide regional less-than-truckload carrier USF Holland closed terminals, including its Holland, Mich. terminal, due to weak freight demand.

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A former regulator at the Surface Transportation Board, W.

Trucking and logistics management company Ryder System on April 22 reported an 88 percent plunge in first-quarter earnings as the recession and falling cargo volume spread to its fleet management busi

North American trucking and logistics firm Vitran reported a net loss of $2.4 million on revenue of $139.6 million for the quarter ended March 31, 2009.

Less-than-truckload giant Arkansas Best lost $29 million in the first quarter due to plummeting freight demand and falling rates pared down by intense competition.

Profit at one of the largest eastern-U.S.

C.H. Robinson’s net income decreased 1.1 percent to $85.4 million in the first quarter as its non-asset based business model helped offset weak demand and highly competitive truck rates.

Marten Transport profit jumped 52.8 percent to $4.1 million in the first quarter despite falling revenue in the stalled economy.

An appeals court found that FedEx Ground drivers at two Massachusetts terminals were independent contractors instead of employees and therefore outside the jurisdiction of the National Labor Relations

An aged BNSF Railway bridge on the Upper Mississippi River, which the Coast Guard considers a hazard to barge traffic and other navigation, will be rebuilt with the aid of Recovery Act funds.

Caterpillar lost $112 million in the first quarter after a restructuring charge of more than half a billion dollars.

Claude Mongeau will replace E. Hunter Harrison at the end of this year as president and CEO of Canadian National Railway, the company said.

Forward Air lost $3.1 million in the first quarter as the company saw accelerating declines in its core air freight trucking volume and took an impairment charge to meet the deteriorating market.

The Ninth Circuit Court of Appeals dismissed a lawsuit filed by the Owner-Operator Independent Drivers Association, the Teamsters Union, Public Citizen and others against the U.S.

YRC Worldwide and its lenders finalized a credit agreement April 20 that allows the financially troubled trucking giant to defer pension payments from August until Jan.1 and use the company's rea

Canadian National Railway revenue and operating income took a hit from the tough economic environment but net earnings improved year-over-year in the first quarter after including some exceptional ite

The average retail price of diesel fuel fell eight-tenths of a cent last week to $2.221 per gallon, according to the U.S. Energy Information Administration.

* BNSF Eyes Route to Electric Trains

Falling truck parts sales dragged down financial performance at industrial equipment manufacturer Eaton Corp., which lost $52 million in the first quarter.

The Surface Transportation Board tried to launch a big hearing on the most controversial issues it regulates – competition between railroads and access to rail service for shippers – but i

The simmering trade war between the United States and Mexico hasn’t proved a roadblock to U.S. carriers that want to move more freight across the border.

Railcar manufacturer Greenbrier says it has enough cash and credit to get through these lean-plate days, but it describes a 2009 market that looks a lot like table scraps.

Few trucking companies have the financial artillery to seek and acquire rivals as demand falls and capacity-rich customers drive down rates, but Arkansas Best is one of them.

If CREATE works out as planned, trains will be able to move through Chicago more quickly. But run-through trains will remain the exception, not the rule.

Harbor truckers in Southern California are proving resilient, purchasing more than 3,500 clean-diesel vehicles since the Los Angeles-Long Beach clean-trucks programs were launched last October.

A computer model in Chicago displays the city’s rail network, using different colors for different kinds of trains. During the day, main routes are almost solid yellow, signifying commuter trains.

Matthew K. Rose could help to launch a new industrial revolution — a shift by North America’s freight railroads from diesel-powered locomotives to an age of electrification.

Few are bold enough to predict an economic turnaround in 2009, but some believe there are signs some shippers may be paying more for capacity before the year is out.

A railroad executive, opening a new line of opposition to efforts to tighten antitrust oversight of the industry, said Friday carriers could seek federal compensation if the plan undercuts deals th