Oil fell more than $1 to below $79 a barrel early Wednesday following a report that showed crude inventories improved last week, Bloomberg reported.
October 28, 2009Search
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Wabco’s Third-Quarter Profit Falls
Wabco Holdings said Wednesday its net income in the third quarter fell to $33.8 million, or 52 cents a share, from $63.7 million, or 97 cents, a year ago.
October 28, 2009S.F. Bay Bridge Closed Following Repair Failure
San Francisco’s Bay Bridge to Oakland, Calif., is closed “indefinitely” following failure of repair work done that was done on Labor Day weekend, news services reported Wednesday.
October 28, 2009Durable Goods Orders Rise for Fourth Time in Six Months
Durable goods orders rose in September for the fourth time in six months, the Commerce Department said Wednesday.
October 28, 2009Celadon’s 1Q Income Drops; Will Trade Shares on NYSE
Truckload carrier Celadon Group said late Wednesday its fiscal first-quarter income declined from a year ago and that it will begin trading its shares on the New York Stock Exchange in November.
October 28, 2009FMCSA to Reconsider HOS Rule
The Federal Motor Carrier Safety Administration has agreed to reconsider, and potentially change, its oft-challenged hours-of-service rule for commercial drivers, putting on hold a federal court challenge by a coalition of interest groups.
October 28, 2009Canadian Pacific’s 3Q Income Falls
Canadian freight railroad Canadian Pacific’s third-quarter net income fell 22% as measures to control costs failed to offset lower volumes, Reuters reported.
October 27, 2009Covenant’s Third-Quarter Loss Widens
Covenant Transportation Group reported a third-quarter net loss of $13.6 million, or 96 cents a share, compared with a loss of $3.4 million, or 24 cents, a year ago.
October 27, 2009Paccar’s Third-Quarter Net Income Plunges 96%
Paccar Inc.’s third-quarter profit plunged 96% to $13 million, or 4 cents a share, from $299 million, or 82 cents, a year ago.
October 27, 2009Vitran’s Third-Quarter Profit Drops
Vitran Corp. said Tuesday its third-quarter income fell to $281,000, or 2 cents a share, compared with $2.1 million, or 15 cents, a year ago.
October 27, 2009