Heartland Express Tuesday reported a decline in its second-quarter profit but said it plans to begin a fleet upgrade in the third quarter in which it plans to buy 1,600 new trucks.
July 22, 2008Fuel, Business, Logistics, Government
Diesel Falls 4.6¢ to $4.718 a Gallon
Diesel fuel’s national average pump price fell by the most in six months, dropping 4.6 cents to $4.718 a gallon, the Department of Energy reported.
July 22, 2008Business
Paccar’s 2Q Income Gains on European Sales
Heavy-duty truck maker Paccar Inc. said Tuesday its second-quarter profit rose 5%, led by higher European sales.
July 22, 2008Government, Business, Safety
Caterpillar’s 2Q Income Jumps on International Demand
Heavy equipment and diesel engine maker Caterpillar Inc. said Tuesday its second-quarter profit rose 34%, led by international demand.
July 22, 2008Government, Business, Safety
Canada’s Two Largest Railroads Report Lower Income
Canada’s two biggest freight railroads reported downturns in their second-quarter profits, Bloomberg reported.
July 22, 2008Business, Fuel, Government
Forward Air’s 2Q Earnings Improve
Forward Air Corp. said its second-quarter profit rose to $12.1 million, or 42 cents a share, from $11.5 million, or 38 cents, a year ago.
July 21, 2008Fuel, Business, Government
California Issues Natural Gas Grants
Clean Energy Fuels Corp. said two California environmental agencies awarded grants totaling more than $11 million to further the development of natural gas fueling stations and vehicles.
July 21, 2008Business, Government, Safety, Fuel
EPA Requests More Input on Greenhouse Gases
The Environmental Protection Agency issued a nearly 600-page request for public comment on whether it should use existing law to regulate greenhouse gas emissions, a decision one trucking official said was a way to further delay any new regulations until after President Bush leaves office.
July 21, 2008Government, Business
Leading Economic Indicators Dip 0.1%
An index of leading economic indicators dipped 0.1% in June, the New York-based Conference Board said Monday.
July 21, 2008Business, Fuel, Government
Congress May Boost Fuel Tax as Highway Fund Deficit Looms
Following Congress’ rejection of calls by presidential contenders to rescind the federal tax on gasoline and diesel fuel this summer, some lawmakers are quietly considering boosting the tax by a dime to ensure the federal highway fund is adequately financed, the Associated Press reported.
July 21, 2008