CSX Corp. said its fourth-quarter profit fell from a year ago, largely due to a non-transportation-related writedown.
January 21, 2009Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
UPS Survey Shows Small Businesses Optimistic About Future
A survey sponsored by UPS Inc. shows that small business owners are optimistic about the financial future, despite harsh economic times, the company said Wednesday.
January 21, 2009Cummins Emissions Unit Sets Partnership; Will Close Wisconsin Plant
Cummins Inc. unit Cummins Emission Solutions said it will partner with a technology company for 2010 engine controls and that it will close a Wisconsin plant.
January 21, 2009Eaton Plans 5,200 More Job Cuts
Components maker Eaton Corp. said it plans to cut 5,200 jobs worldwide following its 3,400 job cuts last year, due to lower demand, Bloomberg reported Wednesday.
January 21, 2009CSX’s Fourth-Quarter Income Slips
Obama Mentions Roads in Inaugural Address
President Barack Obama made a passing mention of roads in his inaugural address Tuesday.
January 21, 2009EPA Won’t Delay 2010 Engine Rule
A top U.S. Environmental Protection Agency official said last week that the agency has “absolutely no intention” of granting the request by truck and engine manufacturer Navistar Inc. for a two-year delay in implementing 2010 federal diesel emission standards for new heavy trucks.
January 19, 2009Annual Truck Sales Drop 11.6%
U.S. heavy-duty truck sales hit their lowest level in 16 years during 2008, falling for the second straight year, even though they made a modest recovery after hitting bottom in May.
January 19, 2009Continued Growth of Multi-mode Transport Spurs Information Technology Systems
The information systems that support intermodal trucking companies are much like the business of intermodalism itself: complex, multi-headed and increasingly important to motor carriers.
January 19, 2009Diesel Average Rises 2.3¢
The average price of U.S. retail diesel fuel rose last week for the first time in more than three months, inching up 2.3 cents a gallon to $2.314, the Department of Energy reported.
January 19, 2009Oil Closes Week Below $37 a Barrel
Crude oil rose more than $1 Friday but closed the week below $37 a barrel, Bloomberg reported.
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