Diesel engine maker Cummins Inc. said Thursday its second-quarter profit plunged 81% due to sharply lower sales volumes.
July 30, 2009Business
Oshkosh Narrows Loss in 3Q
Specialty truck maker Oshkosh Corp. said Thursday it lost $26.6 million, or 36 cents per share, in its fiscal third quarter, compared with a loss of $1.2 million, or $16.65, a year ago.
July 30, 2009Business, Equipment
Cummins’ Second-Quarter Profit Plunges
Business, Safety, Government
Fed ‘Beige Book’ Says Decline is Slowing, Transportation Still Weak
The Federal Reserve said Wednesday that almost all Federal Reserve districts are seeing the pace of economic recession slow down, but the transportation sector is still showing signs of weakness.
July 29, 2009Government, Business, Safety
Navistar Increases Truck Prices $6,000 to $8,000 for 2010 Engines
Navistar said that its exhaust gas recirculation technology will increase International truck prices by up to $8,000 for the 2010 model year.
July 29, 2009Government, Business, Logistics
Norfolk Southern Profit Drops 45%
Norfolk Southern Corp. reported that their second-quarter profit fell 45% from a year ago.
July 29, 2009Business
Daimler Reports $1.4 Bln Loss in Second Quarter
Daimler AG said Wednesday it lost 1.02 billion euros ($1.4 billion), or 0.99 euros per share ($1.40) in the second quarter, compared with a profit of 1.35 billion euros ($1.9 billion), or 1.40 euros ($1.97), a year ago.
July 29, 2009Business, Safety, Government
Durable Goods Orders Fall 2.5%
Durable goods orders declined 2.5% in June, but orders excluding transportation equipment increased 1.1%, the Commerce Department said Wednesday.
July 29, 2009Business
Wright Express Sees 2Q Profit
Wright Express Corp. said Wednesday it earned a second-quarter profit of $93.2 million, or $2.36 per share, compared to a loss of $24.4 million, or 63 cents, in the same quarter last year.
July 29, 2009Business, Government
Trust Fund Shortfall May Affect Road, Bridge Repairs, Mendez Says
The daily payments states receive from the Highway Trust Fund for repairs could be made only weekly or twice a month if the fund isn’t replenished, Federal Highway Administrator Victor Mendez told state highway officials.
July 28, 2009Business
Pacer to Sell Heavy-Haul Business to Universal Truckload
Pacer International said that it will sell Pacer Transport, its specialized heavy-haul trucking business, to Universal Truckload Services.
July 28, 2009