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DOT Providing $48.8 Billion for State Highway Projects

The Department of Transportation said $48.8 billion is now available to state transportation departments for federal projects through the Hiring Incentives to Restore Employment Act.

April 21, 2010

Ryder Reports Higher 1Q Income

Ryder System said its first-quarter profit increased to $12.4 million, or 23 cents a share, from $6.8 million, or 12 cents, a year ago.

April 21, 2010

Forward Air Swings to 1Q Profit

Forward Air Corp. reported a first-quarter profit of $3.4 million, or 12 cents per share, compared with a loss of $3.1 million, or 11 cents, a year ago.

April 21, 2010

Forward Air Swings to 1Q Profit

Forward Air Corp. reported a first-quarter profit of $3.4 million, or 12 cents per share, compared with a loss of $3.1 million, or 11 cents, a year ago.

April 21, 2010

Hub Group’s 1Q Earnings Increase

Logistics, intermodal and brokerage firm Hub Group’s first-quarter profit grew to $8.7 million, or 23 cents a share, from $6.2 million, or 17 cents, a year ago.

April 21, 2010

Knight Reports Higher 1Q Profit

Truckload carrier Knight Transportation said its first-quarter profit rose 5.1% to $12.3 million, or 15 cents a share, from $11.7 million, or 14 cents, a year ago.

April 21, 2010

ABF, Teamsters Agree to 15% Wage Cut

ABF Freight System and the Teamsters union have reached agreement on a 15% wage reduction to help the less-than-truckload carrier cope with losses triggered by the recession.

April 20, 2010

Eaton Reports 1Q Profit, Higher Truck-Segment Sales

Vehicle parts manufacturer Eaton Corp. said Tuesday its first-quarter profit was $155 million, or 91 cents a share, compared with a loss of $50 million, or 30 cents, a year ago, as truck segment sales improved.

April 20, 2010

Paccar’s First-Quarter Earnings Improve

Truck maker Paccar Inc.’s first-quarter profit grew to $68.3 million, or 19 cents a share, from $26.3 million, or 7 cents, a year ago.

April 20, 2010

Werner’s 1Q Income Jumps

Werner Enterprises said its first-quarter profit rose more than 50% to $10.8 million, or 15 cents per share, from $6.9 million, or 10 cents, a year ago.

April 20, 2010