The Department of Transportation Wednesday announced that 51 projects will receive $1.5 billion in grants under the Transportation Investment Generating Economic Recovery program.
February 17, 2010Search
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Oil Rises to Five-Week High
Crude oil rose Thursday to its highest level since Jan. 14, Bloomberg reported.
February 18, 2010DOT Freight Index Falls in December
The Department of Transportation’s freight transportation services index for December fell 4.1% from a year earlier but did not change from November, DOT said Thursday.
February 18, 2010Pacer Posts 4Q Profit
Transportation and third-party logistics firm Pacer International said its fourth-quarter profit grew to $10 million, or 10 cents per share, compared with a $64 million loss, or $1.83 cents, a year earlier.
February 17, 2010Industrial Production Rises 0.9%
Industrial production rose 0.9% in January, the Federal Reserve said Wednesday.
February 17, 2010Import Prices Rise in January
The price of goods imported to the United States increased in January on fuel, food and metal costs, the Labor Department said Friday.
February 17, 2010Housing Starts Climb in January
Housing starts rose 2.8% in January while building permits fell 4.9%, the Commerce Department said Wednesday.
February 17, 2010TMC Announces New Leadership, Winners of Silver Spark Plugs
TAMPA, Fla. — Jerry Thrift of Ryder System, Miami, was installed as chairman of the Technology & Maintenance Council of American Trucking Associations during the group’s meeting here Feb. 11.
February 17, 2010MAN Loses 472 Mln. Euros in 4Q
Poor demand from the economic downturn caused German truck maker MAN SE to lose 472 million euros ($645 million) in the fourth quarter, compared with a profit of 177 million euros ($242 million) a year earlier, Bloomberg reported.
February 17, 2010ArvinMeritor Reiterates 2Q Outlook
Truck components maker ArvinMeritor Inc. said Wednesday that its fiscal first quarter earnings and revenues will be flat compared with the first quarter.
February 17, 2010