Truck dealership Rush Enterprises’ first-quarter net earnings were $9.7 million, or 25 cents per share, down from $13 million, or 34 cents, a year ago.
April 18, 2008Search
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Texas Gets 1,450 Requests for Funding to Update Trucks in $110 Million Program
The state of Texas said it received about 1,450 requests for grants as part of its $110 million emission-reduction plan to help carriers retrofit and replace older trucks to help clean the state’s air.
April 22, 2008Letters to the Editor: Diesel Prices, Truckers’ Strike, Congestion Pricing
I want to know why diesel is so much more expensive than gasoline. Diesel is a byproduct of gasoline. It should be cheaper.
April 18, 2008Caterpillar’s 1Q Income Improves
Heavy equipment and diesel engine manufacturer Caterpillar Inc.’s first-quarter profit rose 13% to $922 million, or $1.45 a share, from $816 million, or $1.23, in the previous first quarter.
April 18, 2008Oil Sets Another Record, Hits $117 a Barrel
Crude oil hit $117 a barrel Friday, as the price soared to another closing price record to finish a week of all-time highs, Bloomberg reported.
April 18, 2008Diesel Average Tops $4 for First Time
Retail diesel surged 10.4 cents to $4.059 a gallon, the first time the national average price has crossed above $4, the Department of Energy reported. Also last week, both the U.S. gasoline average and crude oil prices set new records.
April 21, 2008March Truck Sales Fall By 35%, But Orders Rise for Sixth Month
Heavy-duty truck making continued its contraction in March, the 15th straight month that U.S. retail sales declined on a year-over-year basis, but orders continued climbing, holding out hope for a rebound later this year.
April 21, 2008Lenders Tighten Standards for Truckers Seeking Credit
Rising fuel costs, weakening demand for freight hauling and the subprime lending crisis are making it tougher for drivers and trucking companies to qualify for financing to buy equipment.
April 21, 2008Mortgage Crisis Chills Market for Road Privatization Schemes
Wall Street’s subprime mortgage crisis has chilled the market for private infrastructure funding by making it more expensive for investors to get financing, according to interviews with several executives.
April 21, 2008Detroit Diesel Offers Free Upgrades for ’07 Engines
Engine maker Detroit Diesel Corp. said Friday that it will soon make a new software release available free to its customers that will boost the fuel economy of its 2007 Series 60 engines.
April 18, 2008