Oil jumped to its highest closing price in two-and-a-half years over $106 a barrel, on concern that the Libyan conflict will prolong production cuts, Bloomberg reported.
April 1, 2011Business, Fuel
Oil Surges to Top $106 a Barrel
Business
US 1 Reports Fourth-Quarter Profit
Logistics firm US 1 Industries’ fourth-quarter net income improved to $300,000, or 2 cents a share, from a loss of $2.1 million, or 15 cents, a year earlier.
April 1, 2011Business, Logistics
Intermodal Traffic Rises 5.7% for Week
Intermodal traffic rose 5.7% last week compared with the same week a year ago, the Association of American Railroads reported.
April 1, 2011Business
Daimler Raises North American Truck Sales Estimate
LOUISVILLE, Ky. — Daimler Trucks raised its estimate for 2011 industrywide sales of Class 6-8 trucks in North America to a gain of 30% to 35% over last year, to 286,000 trucks, company executives said.
March 31, 2011Business
ArvinMeritor Changes Name to Meritor Inc.
Vehicle parts supplier ArvinMeritor Inc. said it has changed its name to Meritor Inc., and separately lowered its second-quarter earnings outlook and said it was closing its European trailer axle business in July.
March 31, 2011Business, Fuel
Graves Tells Congressional Panel Trucking Needs Affordable Diesel Fuel
American Trucking Associations President Bill Graves told a House of Representatives panel Thursday that policymakers need to ensure the trucking industry has access to affordable diesel.
March 31, 2011Business, Equipment
MATS Equipment Vendors See Stronger Truck Market
LOUISVILLE, Ky. — Vendors at the Mid-America Trucking Show said that the growing U.S. economy will support a stronger truck equipment market this year and for the next few years, at least.
March 31, 2011Business
February Factory Orders Dip 0.1%
Factory orders dipped 0.1% in February, a month after taking biggest gain in almost four and a half years, the Commerce Department said Thursday.
March 31, 2011Business
Chicago Manufacturing Index Slips
Manufacturing activity in the Chicago region fell in March but showed continued expansion, the Institute for Supply Chain Management-Chicago said Thursday.
March 31, 2011Business, Logistics
Swift Predicts Lower 1Q Earnings
Swift Transportation Co. said March 29 that its first-quarter earnings will be 5 to 8 cents per share, due to bad weather and high fuel costs at the start of the year.
March 31, 2011