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Consumer Confidence Falls in July to 5-Month Low

Consumer confidence declined this month to its lowest level in five months, the New York-based Conference Board said Tuesday.

July 27, 2010

Kansas City Southern’s 2Q Profit Improves

Kansas City Southern said it earned $34.6 million, or 34 cents a share, in its second quarter, compared with $6.5 million, or 7 cents, the previous year.

July 27, 2010

Wright Express Reports Drop in 2Q Profit

Wright Express Corp.’s second-quarter profit fell to $30 million, or 77 cents per share, compared with $93.2 million, or $2.36, a year ago.

July 27, 2010

Daimler Returns to Profit in 2Q

Daimler AG said Tuesday that it earned $2.74 billion (2.1 billion euros) in the second quarter, matching a forecast from earlier in July, the Associated Press reported.

July 27, 2010

FMCSA Sends HOS Proposal to White House

The Federal Motor Carrier Safety Administration sent its proposal for a new hours-of-service rule to the White House Office of Management and Budget for review Monday, meeting the first of its court-appointed deadlines for issuing the rule.

July 27, 2010

Paccar’s Second-Quarter Earnings Increase

Truck maker Paccar Inc.’s second-quarter profit rose to $99.6 million, or 27 cents a share, from $26.5 million, or 7 cents, a year ago, the company said.

July 27, 2010

Cummins’ Profit Jumps in 2Q

Cummins Inc. said Tuesday its second-quarter profit jumped to $245 million, or $1.25 a share, from $56 million, or 28 cents, a year ago.

July 27, 2010

New Georgia Law Protects Truckers on Liability

As of this month, under a new Georgia law carriers in that state can no longer be forced to accept unwarranted insurance liability in order to get a special permit.

July 27, 2010

Feds Lack Tools to Track Bridge Spending In States

Twenty-five percent of the nation’s 603,000 bridges are structurally deficient in some way, but the federal government lacks the analytic and procedural tools to determine what impact federal bridge money would have in addressing the problem, a Government Accountability Office report said.

July 27, 2010

Rendell Pleads for Special Session to Address Transportation

In a plea to the Pennsylvania State Legislature to hold a special session on transportation funding, Gov. Edward Rendell (D) recently told members of the Senate Transportation Committee that, collectively in their 13 districts, they have 1,970 structurally deficient bridges.

July 27, 2010