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Fleets Trade More Risk for Lower Premiums

Click here to write a Letter to the Editor. img src="http://www.ttnews.com/images/printeditiontag_new.gif" width=120 align=right>Like many companies facing steep increases in insurance premiums following the 9/11 terrorist attacks, executives at Covenant Transport decided to raise the company’s deductibles and retain more of the risk for claims resulting from on-the-job injuries and motor vehicle crashes.

May 4, 2005

ArvinMeritor Reportedly Cutting 1,850 Jobs Worldwide

Commercial components supplier ArvinMeritor Inc. plans to cut 1,850 jobs at 11 plants, or about 6% of its global work force, the Associated Press reported Wednesday.

May 4, 2005

Crude Oil Rises Despite Strong Inventory Report

Crude oil prices rebounded after falling below $49 a barrel in intraday trading Wednesday following a Department of Energy report showing the strongest inventory levels in almost five years.

May 4, 2005

Security & Safety Briefs - April 28 - May 4

Senate Confirms Rail-Safety Chief • TSA Administrator Defends Airport Screeners • Secrecy Concerns Could Stall Patriot Act Renewal • Wisconsin to Investigate Gasoline-Pump Metrics • And more...

May 4, 2005

Factory Orders Increase 0.1%; Excluding Transportation Rise 1.3%

Orders placed with factories rose 0.1% in March, the Commerce Department reported Tuesday.

May 3, 2005

Frozen Food Express Reports Higher 1Q Earnings

Frozen Food Express Industries Inc. said late Monday its first-quarter profit rose to $3.3 million or 18 cents a share, from $1.9 million or 11 cents a year earlier.

May 3, 2005

Oshkosh Reports Higher Earnings; Boosts Guidance

Specialty truck maker Oshkosh Truck Corp. Tuesday reported improved earnings for its second quarter ended March 31, raised its earnings guidance for the year and boosted its dividend payments.

May 3, 2005

Congress Considering National Standards for Drivers' Licenses

Click here to write a Letter to the Editor. ongress is considering setting national standards for states to follow in issuing drivers’ licenses, the New York Times reported Tuesday.

May 3, 2005

Kansas City Southern Reports Higher Earnings

Kansas City Southern reported first-quarter net income Tuesday of $5.9 million or 9 cents a share, up from $1.2 million 2 cents a year earlier.

May 3, 2005

Federal Reserve Raises Interest Rate to 3%

The Federal Reserve Tuesday unanimously raised the benchmark U.S. interest rate a quarter-point to 3%, the highest since October 2001, and again said it would carry out additional increases at a "measured" pace.

May 3, 2005