International Business News - SAIA http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif A JPMorgan analyst lowered his 2009 estimates across the trucking sector Wednesday, noting growing weakness among companies already battered by a sour economy. http://www.ibtimes.com/articles/20081126/sector-snap-analyst-says-trucking-demand-wilting.htm Wed, 26 Nov 2008 11:45:30 EST Total goods shipped by trucks in the U.S. fell 3 percent last month, a major industry trade group said, marking the fourth consecutive month-over-month decline. http://www.ibtimes.com/articles/20081124/goods-carried-by-us-trucks-declined-last-month.htm Mon, 24 Nov 2008 16:50:55 EST The Federal Motor Carrier Safety Administration on Tuesday maintained a regulation that allows truck drivers to stay on the road for 11 hours in a row, rather than a limit of 10. http://www.ibtimes.com/articles/20081118/government-keeps-11-hour-limit-on-truckers-hours.htm Tue, 18 Nov 2008 16:01:18 EST Shares of less-than-truckload carriers fell Wednesday amid a slide in the broader market, as a Longbow Research analyst said the market for their services continued to deteriorate last month. http://www.ibtimes.com/articles/20081112/sector-snap-less-than-truckload-carriers.htm Wed, 12 Nov 2008 14:49:04 EST Shares of trucking companies held earlier gains Wednesday afternoon as the Federal Reserve cut a key interest rate by an expected half a percentage point to 1 percent--its lowest point in more than five years. http://www.ibtimes.com/articles/20081029/truckers-hold-earlier-gains-after-fed-rate-cut.htm Wed, 29 Oct 2008 14:48:42 EDT Railroads and trucking companies told very different stories in their third-quarter earnings reports, as rails continued fetch higher prices and truckers dealt with weak pricing and slumping demand. http://www.ibtimes.com/articles/20081027/rails-and-trucks-post-widely-different-3q-outcomes.htm Mon, 27 Oct 2008 18:22:14 EDT A JPMorgan analyst on Monday lowered his earnings estimates for a slew of transportation companies, including railroads and truckers, predicting that economic weakness will continue throughout 2009. http://www.ibtimes.com/articles/20081020/ahead-of-the-bell-railroads-truckers-downgraded.htm Mon, 20 Oct 2008 09:24:23 EDT Shares of trucking companies fluctuated Thursday amid a volatile broader market, as two carriers reported third-quarter earnings that beat Wall Street's expectations. http://www.ibtimes.com/articles/20081016/sector-snap-truckers-flip-in-whipsaw-session.htm Thu, 16 Oct 2008 14:42:26 EDT An analyst reduced earnings estimates for a slew of trucking companies Tuesday, suggesting that the credit crisis has "begun to wreak havoc in already sluggish freight markets." http://www.ibtimes.com/articles/20081014/ahead-of-the-bell-analyst-cuts-trucking-estimates.htm Tue, 14 Oct 2008 09:24:07 EDT Trucking stocks mostly fell Wednesday amid another broader market downturn, as investors' concerns about the failing health of the global economy overshadowed a positive response to a rate cut by the Federal Reserve. http://www.ibtimes.com/articles/20081008/sector-snap-truckers-mostly-lower-with-market.htm Wed, 08 Oct 2008 13:11:34 EDT Some trucking stocks lost part of their gains Friday, while others lost ground, after the House approved the $700 billion bailout package. Most truckload carriers followed the broader market higher earlier, while less-than-truckload carriers fluctuated on continuing uncertainty over near-term demand and weakening pricing. http://www.ibtimes.com/articles/20081003/truckers-gains-moderate-after-house-oks-rescue.htm Fri, 03 Oct 2008 13:53:56 EDT Trucking company Saia Inc. has cut 5 percent of its work force, blaming lower seasonal volume and "an uncertain economic environment." In a Securities and Exchange Commission filing late Thursday, Saia said the cuts were made across field operations and in its corporate office. The company has about 8,200 employees according to its Web site. http://www.ibtimes.com/articles/20081003/trucking-company-saia-cuts-5-percent-of-work-force.htm Fri, 03 Oct 2008 08:44:24 EDT Some of the trucking industry's top officials--as well as executives from the railroads, technology providers and consulting agencies that work with them--will be in New Orleans this weekend for the annual conference hosted by the sector's main trade association. http://www.ibtimes.com/articles/20081003/ahead-of-the-bell-trucking-conference-set-to-open.htm Fri, 03 Oct 2008 06:10:05 EDT Two analysts lowered earnings forecasts for several trucking companies on Thursday, suggesting that trucking volumes will worsen as a key indicator points to a weaker-than-expected manufacturing activity. http://www.ibtimes.com/articles/20081002/ahead-of-the-bell-truckers.htm Thu, 02 Oct 2008 09:13:09 EDT After being driven up by hopes that freight demand might be improving, shares of most trucking companies finished the third quarter lower as investors remain uncertain about whether trends have bottomed. http://www.ibtimes.com/articles/20080930/truckers-mostly-fall-in-the-3q-amid-weak-demand.htm Tue, 30 Sep 2008 13:15:24 EDT Shares of trucking companies fell extended declines Monday after the House rejected an emergency $700 billion emergency rescue plan. The vote was expected to be close, but widely expected to pass. Stocks plunged after the announcement, with the Dow Jones Industrials average losing more than 700 points. http://www.ibtimes.com/articles/20080929/truckers-pull-back-after-house-rejects-bailout.htm Mon, 29 Sep 2008 14:56:39 EDT A Stephens Inc. analyst downgraded three trucking companies to "Equal-Weight" from "Overweight" Friday, citing deteriorating demand and weaker pricing. http://www.ibtimes.com/articles/20080926/ahead-of-the-bell-analyst-downgrades-3-truckers.htm Fri, 26 Sep 2008 08:03:46 EDT The primary trade group representing the U.S. trucking industry on Thursday urged Congress to swiftly stabilize the country's financial system, pointing to severe consequences for the sector and the broader economy. http://www.ibtimes.com/articles/20080925/trucking-group-urges-action-to-ease-financial-woes.htm Thu, 25 Sep 2008 14:52:33 EDT Total goods carried by trucks in the U.S. fell in August compared with the previous month, marking the largest month-to-month drop since March, a major industry trade group said. http://www.ibtimes.com/articles/20080925/goods-carried-by-us-trucks-declines-in-august.htm Thu, 25 Sep 2008 08:53:32 EDT Shares of trucking companies fell Monday, as the broader market stumbled and two analysts suggested that the sector's stocks will be weighed down by weakness in near-term demand. http://www.ibtimes.com/articles/20080922/sector-snap-analysts-predict-weak-trucking-peak.htm Mon, 22 Sep 2008 12:11:29 EDT