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Caterpillar Boosts 3Q Profit; Cuts ’05 Outlook

Heavy equipment and diesel-engine maker Caterpillar Inc. said Friday that its third-quarter profit jumped 34% but downgraded its full-year 2005 earnings outlook.

October 21, 2005

ATA Approves Policy of Using Up to 5% Biodiesel

Click here to write a Letter to the Editor. merican Trucking Associations said Friday that its board of directors has revised ATA’s alternative fuels policy to advocate the use of biodiesel fuel in blends up to 5% as part of the national diesel fuel standard.

October 21, 2005

U.S. Xpress Executive Patrick Quinn Named ATA Chairman

Click here to write a Letter to the Editor. atrick Quinn, co-chairman and president of truckload carrier U.S. Xpress Enterprises, was named American Trucking Associations’ new chairman, ATA said Thursday.

October 21, 2005

Rail Freight Declines; Intermodal Reaches Weekly Record

Overall rail freight traffic fell for the week ended Oct. 15 but intermodal levels reached a record, the Association of American Railroads reported.

October 21, 2005

Leading Economic Indicators Decline in September

Click here to write a Letter to the Editor. he index of U.S. leading economic indicators fell in September for a third straight month on aftereffects of Hurricane Katrina and continued high fuel costs, the Conference Board reported Thursday.

October 20, 2005

Crude Prices Fall as Wilma Weakens Slightly

Hurricane Wilma weakened slightly Thursday to a Category 4 hurricane from a Category 5 and forecasters continued to project the storm would turn east toward the southwest coast of Florida — and away from Gulf Coast oil rigs — by the late weekend or early next week, news services reported.

October 20, 2005

Vitran’s Income, Revenue Reach Record in 3Q

Click here to write a Letter to the Editor. oronto-based transportation and logistics firm Vitran Corp. reported Thursday that its third-quarter net income rose to a record $5.4 million or 42 cents a share, up from $4.5 million or 36 cents a year earlier.

October 20, 2005

USA Truck’s Third-Quarter Profit Increases

Click here to write a Letter to the Editor. ruckload carrier USA Truck said Thursday that its third-quarter net income rose to $4.2 million or 40 cents a share, from $2 million or 22 cents a year earlier.

October 20, 2005

Jobless Claims Decline by 35,000 for Week

Click here to write a Letter to the Editor. he number of U.S. workers filing initial unemployment benefits fell by 35,000 to 355,000 last week as filings by workers from workers displaced by the Gulf Coast hurricanes, the Labor Department said Thursday.

October 20, 2005

Knight Transportation’s Third-Quarter Income Gains

Click here to write a Letter to the Editor. ruckload carrier Knight Transportation said late Wednesday its net income for the third quarter was $15.5 million or 27 cents a share, up from $12.6 million or 22 cents a year earlier.

October 20, 2005