Eastern freight railroad CSX Corp. said its per-share profit fell 27% in the first quarter.
April 15, 2009Search
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Wabash National Explores Possible Sale
Trailer maker Wabash National Corp. said it is exploring strategic alternatives — including divestitures, changes to its capital structure and a merger or a sale — following a default under a revolving credit agreement.
April 13, 2009Federal Researchers Confirm Claims Single Wide Tires Boost Fuel Economy
Federal researchers said they have confirmed manufacturers’ claims that single wide tires can boost a truck’s fuel economy, but one tire expert said they may not be suitable for every fleet.
April 13, 2009FedEx Removing 14 Jets From Service
FedEx Corp. will permanently remove 14 jets from service as part of an overall plan to reduce capacity and costs and will take a $180 million charge, the Associated Press reported.
April 14, 2009Diesel Price Projected to Rise, DOE Says
Diesel fuel will average $2.23 a gallon this quarter and rise to $2.31 in the third quarter, the Energy Department said.
April 14, 2009DOT Advising White House on Mexican Trucking Issue
Transportation Secretary Ray LaHood has sent the White House recommendations aimed at ending a trucking dispute with Mexico, expected to be high on the agenda when President Obama visits Mexico later this week, Reuters reported.
April 14, 2009Baltimore Trucking Co. Folds
Baltimore’s Bond Transfer Co. filed for Chapter 7 bankruptcy protection and has liquidated, the Maryland Daily Record newspaper reported.
April 13, 2009Mexico to Press Obama on Trucking Issue
Mexico’s president will urge President Obama at their meeting in Mexico this week to allow Mexican trucks to deliver goods inside the United States, Bloomberg reported Monday.
April 13, 2009Gasoline Gains 9.6¢ to $2.048 a Gallon
Gasoline’s national average price rose nearly a dime in the three weeks ended Friday to $2.048 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.
April 13, 2009ArvinMeritor Says Cuts Have Saved $430 Million
Truck components maker ArvinMeritor said Monday it has saved about $430 million on an annual basis in cost-reduction measures taken since October.
April 13, 2009