August 2, 2007: Thanks to a federal appeals court, an administration attempt to allow long-haul truck drivers to add an extra hour to their already long day has been overturned.
The court said the government provided insufficient evidence for lengthening the drivers' days from 10 to 11 hours.
Yellow Corporation released its first quarter financials on May 10. The company shows strong improvement but is still not profitable. Yellow’s overall operating ratio of 99.3 percent is 3 percent better than a year ago, but well below other LTL carriers, including ABF and TForce.
Sysco Corp announced its quarterly financial report on May 10, with profits and revenue both up dramatically since last year. Profits for the quarter were $303.33 million, up from $88.9 million last year. Revenue rose 43% from $11.8 billion to $16.9 billion.
