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TransForce Reports Dip in 1Q Income

Canadian transportation firm TransForce Income Fund said Wednesday its first-quarter net income was C$19.1 million, or 22 cents per unit, compared with C$20.9 million, or 24 cents, a year ago.

April 30, 2008

First-Quarter GDP Shows 0.6% Gain

The U.S. economy grew at a 0.6 % annual rate in the first quarter, the Commerce Department said Wednesday.

April 30, 2008

Cummins’ 1Q Profit Jumps

Diesel engine maker Cummins Inc.’s first-quarter profit jumped 33% to $190 million, or 97 cents a share, from $143 million, or 71 cents, a year ago.

April 30, 2008

Illinois Highway Construction Fatalities Decline

The Illinois Department of Transportation said the number of highway construction work zone fatalities in the state has fallen by more than half in the past four years, the Associated Press reported.

April 28, 2008

Montana Considering I-35 Truck Restrictions

The Montana Department of Transportation is exploring whether the state can impose limits on large-truck traffic on state Highway 35, the Associated Press reported.

April 28, 2008

FAST Card Applications Now Being Taken Online

The U.S. Customs and Border Patrol agency has implemented an online application for Free and Secure Trade, or FAST, cards through its Global Online Enrollment System, or GOES.

April 30, 2008

Fed Cuts Key Interest Rate a Quarter-Point to 2%

The Federal Reserve cut the key U.S. interest rate Wednesday by a quarter of a point, to 2%.

April 30, 2008

Oil Company Profits Soar; OPEC President Warns of $200 Oil

Oil companies BP and Royal Dutch Shell, Europe’s two biggest oil producers, posted combined first-quarter profits of almost $17 billion, while a key OPEC official said oil could reach $200 a barrel, news services reported Tuesday.

April 29, 2008

China’s Biggest Truck Maker’s Profit Surges

Beiqi Foton Motor Co., China’s biggest maker of commercial vehicles, reported a jump in its first-quarter profit, Bloomberg reported Tuesday.

April 29, 2008

Consumer Confidence Hits 5-Year Low

Consumer confidence fell to a five-year low this month, the New York-based Conference Board said Tuesday.

April 29, 2008