Covenant Transportation Group reported a third-quarter net loss of $13.6 million, or 96 cents a share, compared with a loss of $3.4 million, or 24 cents, a year ago.

Diesel and gasoline both rose for a third straight week, with diesel jumping 9.6 cents to $2.801 a gallon, its highest level in almost a year, the Energy Department said.

Canadian freight railroad Canadian Pacific’s third-quarter net income fell 22% as measures to control costs failed to offset lower volumes, Reuters reported.

The United States Postal Service reported a $2.4 billion net loss for the fiscal third quarter, with total revenue down $1.6 billion.

Horizon Lines Posts Net Loss in Q2 istockAnalyst.com (press release) – 46 minutes ago (Source: Datamonitor)Horizon Lines, a US-based ocean shipping and integrated logistics company, has reported that its net loss on a GAAP basis for the second quarter of 2009 was $31.1 million or …