Norfolk Southern Corp. said its fourth-quarter profit rose 13% on higher shipping costs, though its intermodal business declined.
January 28, 2009BusinessSafetyGovernmentLogistics
C.H. Robinson’s 4Q Income Rises
Transportation and third-party logistics firm C.H. Robinson Worldwide said its fourth-quarter profit rose to $88.9 million, or 52 cents a share, from $85.3 million, or 49 cents, a year ago.
January 27, 2009FuelBusinessLogisticsGovernment
Diesel Drops 2.8¢ to $2.268
Diesel fuel’s national average price fell 2.8 cents to $2.268 a gallon, the Energy Department said Monday.
January 27, 2009BusinessGovernmentLogistics
Canadian Railroads’ 4Q Earnings Decline
Canada’s two major freight railroads reported lower fourth-quarter earnings on lower freight demand.
January 27, 2009GovernmentBusiness
Consumer Confidence Reaches New Record Low
Consumer confidence fell to a new record low in January, the Conference Board said Tuesday.
January 27, 2009GovernmentBusiness
Leading Indicators Rise 0.3% in December
An index of leading economic indicators rose 0.3% in December, marking the first gain in six months, the New York-based Conference Board said Thursday.
January 26, 2009GovernmentBusinessSafetyFuel
ATRI: ULSD Has More Energy Than Engineers First Expected
Ultra-low-sulfur diesel, the standard fuel of heavy-duty trucking since late 2006, has more energy content than engineers originally had expected, a welcome surprise, according to a study from the American Transportation Research Institute.
January 26, 2009BusinessSafetyTechnologyGovernment
Former ATA Chairman Kuntz Joins SkyBitz Board
Ray Kuntz, immediate past chairman of American Trucking Associations, has joined the board of directors at trailer tracking firm SkyBitz, the company said Monday.
January 26, 2009BusinessGovernmentEquipment
Eaton’s Fourth-Quarter Income Declines
Vehicle parts manufacturer Eaton Corp. said Monday its fourth-quarter profit fell to $163 million, or 98 cents per share, from $256 million, or $1.71, a year earlier.
January 26, 2009GovernmentBusinessSafetyFuel
Obama Signs Order for EPA to Allow Stricter Auto Emissions Rules
President Obama Monday signed an order directing the Environmental Protection Agency approve a waiver for California and 13 other states to set stricter automobile emission and boost fuel efficiency standards.
January 26, 2009