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October Retail Sales Fall 0.2%
U.S. retail sales fell 0.2% in October, the Commerce Department reported Tuesday.
November 14, 2006TIA, NITL Introduce New Intermodal Broker-Shipper Contract
The Transportation Intermediaries Association and the National Industrial Transportation League have created a new model broker-shipper contract for parties entering a rail intermodal freight transportation agreement.
November 14, 2006National Freight Acquires Hunsaker Truck
Truckload carrier National Freight acquired Hunsaker Truck Lease, a Dallas truck rental and logistics company.
November 14, 2006ArvinMeritor Posts Fiscal 4Q, Yearly Losses
Auto parts maker ArvinMeritor Inc. said late Tuesday it lost $261 million, or $3.76 a share in its fiscal fourth quarter ended Sept. 30, compared with a loss of $19 million or 27 cents in the previous fourth quarter.
November 14, 2006Crude Oil Falls for Third Day, Closes Below $59 a Barrel
Crude oil futures fell for a third day on the New York Mercantile exchange, closing below $59 a barrel, Bloomberg reported Tuesday.
November 14, 2006Contrans Income Fund Reports Higher Quarterly Profit
Canadian firm Contrans Income Fund said Tuesday it earned $7.9 million or 28 cents a unit, compared with $6.8 million or 24 cents a year earlier.
November 14, 2006Study Warns Against Cutting Tolls on Mass. Turnpike
A plan to abolish tolls on the Massachusetts turnpike west of Route 128 could add $1 billion to the state’s existing $16 billion transportation funding shortfall, the Boston Globe reported Tuesday, citing a new study.
November 14, 2006Trimac’s Third-Quarter Income Rises
Canadian transportation firm Trimac Income Fund said it earned C$5.9 million or 14.6 cents per unit in the second quarter, compared with C$4.1 million or 9.1 cents a year earlier.
November 13, 2006Truck, Engine OEMs Plan Layoffs as Orders for New Tractors Fall
everal signs of the long-expected drop in truck production are beginning to appear, as a new report on Class 8 orders showed a significant year-over-year decline and another engine maker announced layoffs.
November 13, 2006Fuel, Traffic Push Interest in Map Units
DALLAS — Higher fuel costs and increasing traffic are driving interest in onboard navigation systems that help drivers find the most efficient and safest routes possible, according to vendor representatives.
November 13, 2006