Freight railroads are benefitting from high diesel fuel prices, truck driver shortages and a growing “green” movement, the Washington Post reported Monday.
April 21, 2008Trucking 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.
TransCore Unveils Rate Index Pro Database
Trucking technology system provider TransCore said its new Rate Index Pro product will provide single-lane, real-time truckload information that can be used in pricing and contract negotiations.
April 21, 2008Daimler Sets Truck Venture With Indian Firm
Daimler AG and India’s Hero Group will invest about $1.1 billion in the next five years as Daimler seeks to expand in India, the company said.
April 21, 2008Railroads Showing Strong Growth, Paper Says
Medical Panel Discusses Driver Rules
ARLINGTON, Va. — The Federal Motor Carrier Safety Administration’s medical review board backed a proposal to recommend to the agency that drivers who have undergone successful kidney-transplant surgery can resume driving 90 days later.
April 21, 2008Mortgage Crisis Chills Market for Road Privatization Schemes
Wall Street’s subprime mortgage crisis has chilled the market for private infrastructure funding by making it more expensive for investors to get financing, according to interviews with several executives.
April 21, 2008Lenders Tighten Standards for Truckers Seeking Credit
Rising fuel costs, weakening demand for freight hauling and the subprime lending crisis are making it tougher for drivers and trucking companies to qualify for financing to buy equipment.
April 21, 2008March Truck Sales Fall By 35%, But Orders Rise for Sixth Month
Heavy-duty truck making continued its contraction in March, the 15th straight month that U.S. retail sales declined on a year-over-year basis, but orders continued climbing, holding out hope for a rebound later this year.
April 21, 2008Diesel Average Tops $4 for First Time
Retail diesel surged 10.4 cents to $4.059 a gallon, the first time the national average price has crossed above $4, the Department of Energy reported. Also last week, both the U.S. gasoline average and crude oil prices set new records.
April 21, 2008Caterpillar’s 1Q Income Improves
Heavy equipment and diesel engine manufacturer Caterpillar Inc.’s first-quarter profit rose 13% to $922 million, or $1.45 a share, from $816 million, or $1.23, in the previous first quarter.
April 18, 2008Rush Enterprises’ 1Q Earnings Decline
Truck dealership Rush Enterprises’ first-quarter net earnings were $9.7 million, or 25 cents per share, down from $13 million, or 34 cents, a year ago.
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