Navistar International Corp.’s fourth-quarter net income jumped to $275 million, from $56 million a year ago on higher truck, engine and military sales, the company said Tuesday.
December 20, 2011Search
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Diesel Hit $4 a Gallon Multiple Times in 2011
U.S. diesel prices climbed in 2011 to an average of $3.84 per gallon as of Dec. 12, about 85 cents higher than last year, and topped the $4 mark in April, May and November.
December 19, 2011As Infrastructure Crumbled, Congress, Obama Couldn’t Get Roads Deal Done
Despite reports about costly congestion and the deteriorating state of America’s roads and bridges, Congress failed for the third consecutive year to produce a long-term surface transportation spending plan.
December 19, 2011Trucking Shares Rode Roller Coaster Along With a Volatile Stock Market
Trucking equities joined the rest of the stock market in going through sharp volatility this year — improving, crashing and then clawing their way back — so that as 2011 drew to a close, six key indexes had moved less than 8% up or down over the course of 12 months.
December 19, 20112011’s Surge in Freight Volume, Profits Had Trucking Outpacing U.S. Economy
Trucking continued to rebuild both freight volumes and profits in 2011 while the general U.S. economic growth crept forward at a slower pace.
December 19, 2011Effect of Trucking Safety Rules Was Felt in 2011
Trucking familiarized itself with the federal government’s Compliance, Safety, Accountability program in 2011, discovering major changes the safety program causes within the industry and its partners.
December 19, 20112011: A Year of Industry Expectations Met and Unmet
For truckers, 2011 was a year full of expectations. Some of them were fulfilled, but many were not. The economy continued to grow, but slowly, and not enough to put a serious dent in unemployment. However, there was enough growth to put trucks back on the road and allow carriers to raise freight rates.
December 19, 2011Snowstorm Closes Highways in Southwest and Great Plains
A heavy snowstorm that has closed highways in five states continued to move across the Southwest and Great Plains on Tuesday, the Associated Press reported.
December 20, 2011Survey Says Haulers Optimistic About Volume, Rate Increases
Carriers are increasingly optimistic that 2012 will bring both higher volume and rates, a new survey by Transport Capital Partners found.
December 19, 2011Housing Starts Climb to Highest Level Since April 2010
Housing starts jumped 9.3% in November to their highest level in more than a year and a half, the Commerce Department said Tuesday.
December 20, 2011