Eastern freight railroad CSX Corp. said its first-quarter profit rose to $315 million, or 85 cents a share, from $240 million, or 52 cents, in the previous first quarter.
April 16, 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.
Feds Set to Meet With SoCal Port Officials on TWIC Enrollment
Federal officials and Port of Long Beach, Calif., executives were scheduled to meet privately this week to develop measures aimed at boosting local enrollment for the government’s Transportation Worker Identification program, the Long Beach Press-Telegram reported Tuesday.
April 16, 2008U.S. Industrial Production Rises 0.3%
U.S. industrial production rose 0.3% in March, the Federal Reserve said Wednesday.
April 16, 2008Canadian Factory Shipments Improve
Canadian factory shipments rose twice as quickly as anticipated in February on a jump in automobile production after shutdowns late last year, Bloomberg reported Wednesday.
April 16, 2008CSX Reports Higher 1Q Profit
Consumer Price Index Gains 0.3% in March
The consumer price index rose 0.3% in March, led by higher fuel and food prices, the Labor Department said Wednesday.
April 16, 2008Oil Closes at New Record Over $113 a Barrel
Oil prices jumped almost $2 Tuesday from Monday’s record, closing at a new all-time high of $113.79 a barrel, Bloomberg reported.
April 15, 2008Larger Trucks More Efficient, Reduce Emissions, Study Says
The use of heavier trucks can be an effective way for the industry to reduce fuel consumption and emissions, a new study by the American Transportation Research Institute said.
April 15, 2008ATA, Army Reserve Launch Military-Civilian Partnership for Drivers
American Trucking Associations and the U.S. Army Reserve signed a recruiting partnership agreement they said will provide experienced truck drivers for the military and give career opportunities to truck drivers leaving the military.
April 15, 2008FMCSA Issues CDL Learner’s Permit Rule
The Federal Motor Carrier Safety Administration said it intends to set new minimum standards for issuing learner’s permits to prospective commercial drivers and revise the knowledge and skills tests administered to people seeking commercial driver licenses.
April 15, 2008Diesel Average Tops $4 for First Time; Oil, Gas at Records
Diesel fuel’s national average price broke the $4 barrier for the first time, jumping 10.4 cents to $4.059 a gallon, the Energy Department said Monday.
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