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Technology Briefs — July 18 - July 24
Fuel Economy Holds Steady for 2006 Cars, Trucks • Milan Express Recognized as SmartWay Partner • Westport Licenses LNG Pump Technology to Cryostar • Wisconsin Approves Anti-Idling Grant Program • AtRoad Reports 2Q Net Loss • XM Radio Posts $229-Million Loss in Second Quarter
July 24, 2006Arkansas Best Corp. Earnings, Revenue Rise
Arkansas Best Corp., the parent of less-than-truckload carrier ABF Freight System, said Monday its second-quarter profit rose to $32.3 million or $1.26 cents a share, up from $23.4 million or 91 cents a year earlier.
July 24, 2006Gasoline Climbs to $3.01 a Gallon, Says Lundberg
Gasoline prices rose 1 cent in the past two weeks, up to a record level of $3.01 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.
July 24, 2006Con-way Sells Expedited Unit to Panther
Transportation firm Con-way Inc. said it has reached an agreement to sell its expedited transportation unit, Con-way Expedite & Brokerage, to Panther Expedited Services Inc. in a deal valued between $7 million and $8 million.
July 24, 2006Hub Group Net Income Jumps in Second Quarter
Third-party logistics provider Hub Group Inc. reported late Thursday that its net income increased to $12.5 million, or 30 cents a share, up from $7.9 million or 19 cents a share last year.
July 21, 2006Cummins Turbo Opens New Plant in S.C.
Cummins Turbo Technologies has opened a new manufacturing plant in Charleston, S.C., the company said Friday in a release
July 21, 2006SCS Transportation Reports 2Q Earnings, Revenue
SCS Transportation reported Thursday a loss of $35.9 million, or $2.47 for the second quarter, compared with a loss of $33.6 million or $2.31 a share a year ago.
July 21, 2006Volvo Second-Quarter Profit Up 19%
Volvo AB said its second quarter profit rose 19% on a 7% sales increase, Bloomberg reported Friday.
July 21, 2006Caterpillar Reports 38% 22 Increase
Engine and heavy-equipment manufacturer Caterpillar Inc.’s second-quarter profit jumped 38% to $1.05 billion or $1.52 a share, up from $760 million or $1.08 a share in the previous year, the Associated Press reported Friday.
July 21, 2006U.S. Xpress Reports Higher Second-Quarter Earnings
Truckload carrier U.S. Xpress Enterprises Inc. said late Thursday its second-quarter income rose to $5.7 million or 37 cents a share, compared with $482,000 or 3 cents a share in the previous year.
July 21, 2006