Truck tonnage rose 4.2% in December from a year ago to its highest level in more than two years, American Trucking Associations said.
January 25, 2011Search
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Celadon’s Fiscal 2Q Profit Jumps
Truckload carrier Celadon Group said its fiscal second-quarter profit almost tripled from a year ago as its rate-per-mile improved.
January 26, 2011Navistar Boosts Earnings Forecast
Navistar International Corp. boosted its profit forecast, saying it would earn $388 million to $465 million, or $5 to $6 per share, excluding some items, for its fiscal year that ends Oct. 31.
January 26, 2011Business, Labor Groups Praise Obama’s Stance on Infrastructure
The U.S. Chamber of Commerce and the AFL-CIO released a joint statement Wednesday praising President Obama’s stance on boosting U.S. infrastructure in his State of the Union address Tuesday night.
January 26, 2011Fed Keeps Interest Rate at Record Low
The Federal Reserve voted Wednesday to keep a key U.S. interest rate at a record low rate of zero to 0.25%.
January 26, 2011Consumer Confidence Hits Eight-Month High
Consumer confidence hit its highest level in eight months in January, the New York-based Conference Board reported Tuesday.
January 25, 2011ATA, Coalition Ask Congress for Hearing on Proposed HOS Rule
A coalition including American Trucking Associations, other groups and several large trucking companies has asked a key congressional panel for a hearing on a proposed new federal hours-of-service rule, saying the changes would have a “negative impact” on the U.S. economy.
January 25, 2011IMF Boosts World Economic Growth Projection
The International Monetary Fund boosted its forecast for global economic growth this year, reflecting stronger U.S. output based on tax-cut extensions and higher growth in emerging economies, Bloomberg reported Tuesday.
January 25, 2011CN’s Profit Falls in 4Q, Grows in Year
Canadian National Railway Co. said its fourth-quarter net income fell 13.6% to C$503 million, or C$1.08 per share, from C$582 million or $1.23 per share, a year earlier.
January 25, 2011Swift’s Fourth-Quarter Loss Narrows
Swift Transportation Co., in its first public earnings statement since going public late last year, said its fourth-quarter net loss was less than that of a year earlier and that its operating revenue improved.
January 25, 2011