Surface trade among the United States, Canada and Mexico rose 4.5% in August from the same month last year, though both truck and rail imports declined, the Department of Transportation said Thursday.
October 30, 2008Search
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Diesel Declines Another 19.4¢ to $3.288
The average price of U.S. retail diesel shed another 19.4 cents last week, dropping to $3.288 a gallon, while the gasoline average fell below year-ago levels for the first time in 2008, according to the Department of Energy.
November 3, 2008Financial Market Turmoil Stymies Carriers Seeking to Acquire Equipment, Businesses
Despite passage of a $700 billion aid package intended to shore up depleted capital of large and small institutions, the near-collapse of U.S. financial markets is making it tougher for carriers to buy or lease equipment, and will force a reduction in the use of debt to pay for mergers and acquisitions.
November 3, 2008Truck Tonnage Growth Slows
Growth in U.S. truck tonnage slowed significantly in September as the national economy contracted during the third quarter, and a major freight-matching service said last week the spot market for truckload service fell well below year-ago levels as the fourth quarter got under way.
November 3, 2008Pace of Fleet Failures Slips; ‘Only a Lull,’ Analyst Says
The pace of trucking bankruptcies slowed during the third quarter — to 785 from 935 in the second quarter — but rather than signaling a turn, the decline was, as one analyst put it, “only a lull in the storm.â€
November 3, 2008ArvinMeritor Cutting 1,250 Jobs, May Sell Auto-Components Unit
Heavy-duty truck parts maker ArvinMeritor Inc. said Friday it will cut 1,250 jobs and may sell the auto-components unit it had planned to spin off to shareholders.
October 31, 2008Jobless Claims Unchanged for Week
Initial jobless claims were unchanged last week from the previous week, the Labor Department said Thursday.
October 30, 2008Ritchie Bros. Reports Drop in 3Q Income
Ritchie Bros. Auctioneers said it earned $11.9 million, or 11 cents per share, in the third quarter, down from $14.9 million, or 14 cents, a year ago.
October 30, 2008Wright Express’ 3Q Earnings Rise
Wright Express Corp. earned $72.3 million, or $1.82 a share, in the third quarter, up from $22.3 million, or 55 cents, the previous year.
October 30, 2008Exxon Mobil Posts Largest Quarterly Profit on Record
Exxon Mobil Corp. broke its own record for the largest quarterly profit by a U.S. company Thursday, reporting its third-quarter net income jumped 58% to $14.8 billion, or $2.86 per share, up from $9.41 billion, or $1.70, a year earlier.
October 30, 2008