Heavy equipment and diesel engine maker Caterpillar Inc. said Tuesday it took its first quarterly loss in 16 years.
April 21, 2009Search
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C.H. Robinson Reports Flat 1Q Income
Transportation and third-party logistics firm C.H. Robinson Worldwide’s first-quarter profit dipped slightly to $85.4 million, or 50 cents a share, from $86.3 million, or 50 cents, a year ago.
April 21, 2009Marten’s First-Quarter Income Improves
Refrigerated truckload carrier Marten Transport’s first-quarter net income rose 52.8% to $4.1 million, or 18 cents a share, from $2.7 million, or 12 cents a year ago.
April 21, 2009Court Backs FedEx on Drivers’ Status
FedEx Corp.’s small-package delivery drivers may be classified as independent contractors and not company employees, a federal appeals court ruled Tuesday, Bloomberg reported.
April 21, 2009LaHood: Transport Projects’ Savings Must Be Reinvested
Transportation Secretary Ray LaHood said Monday that federal money saved on state transportation projects must be used for additional transportation projects.
April 20, 2009Iowa Senate Approves 5% Biodiesel Mandate
The Iowa Senate approved a bill last week that would require that diesel fuel sold in the state contain 5% biofuel, the Des Moines Register reported.
April 20, 2009Weyerhaeuser to Close Trucking Unit
Forest products company Weyerhaeuser Co. will close its trucking division by the end of June, the Associated Press reported.
April 20, 2009Leading Economic Indicators Decline
An index of leading economic indicators declined 0.3% in March, the New York-based Conference Board said Monday.
April 20, 2009Eaton Posts $52 Million First-Quarter Loss
Vehicle parts manufacturer Eaton Corp. said Monday it lost $52 million on the first quarter as sales slumped.
April 20, 2009Canadian National’s 1Q Income Improves
Canadian National Railway said late Monday its first-quarter net income rose to C$424 million, or 90 cents a share, from C$311 million, or 64 cents, a year ago.
April 20, 2009