Eastern freight rail line CSX Corp. said Tuesday its fourth-quarter earnings rose more than 5% from a year earlier, to $365 million or 86 cents a share, from $347 million or 75 cents a year earlier.
January 22, 2008Search
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Eaton’s 4Q Earnings Rise; Truck Segment Declines
Heavy-duty vehicle parts manufacturer Eaton Corp. said Tuesday its fourth-quarter net earnings rose 8%, and the company boosted its dividend too.
January 22, 2008Dec. Truck Sales Fall 54.5% to Close Worst Year Since ’03
U.S. truck sales finished their worst year since 2003 last month, plummeting 54.5% from the level of December 2006. For the entire year, U.S. heavy-duty sales during 2007 were 46.8% below the record set last year, according to data supplied by WardsAuto.com.
January 21, 2008Panel Urges Infrastructure Overhaul
WASHINGTON — In a controversial report calling for huge new spending on the national transportation system, a congressional commission last week made several recommendations that would affect trucking, including new flexibility in the federal driver hours-of-service rule in congestion-prone areas.
January 21, 2008Diesel, Gas Dip As Petroleum Prices Retreat
U.S. retail fuel prices dipped last week, as crude oil costs fell. The Department of Energy said the average price for diesel around the nation was 5 cents a gallon lower at $3.326, while gas slipped 4.1 cents to $3.068.
January 21, 2008DOT’s Peters Disavows Commission’s Proposals
WASHINGTON — A congressional report calling for a huge new federal investment in transportation infrastructure financed by hefty tax increases brought sharp opposition from Republicans, including Transportation Secretary Mary Peters, who led the commission.
January 21, 2008Descartes Acquires Fluensee’s MobiTrac
Canadian Logistics software provider Descartes Systems Group said it has acquired Fluensee Inc.’s MobiTrac fleet management business.
January 22, 2008Letters to the Editor: Technology, Software Trend, Idling Regs
The issue of pollution is well understood, and few today would argue the link between global warming and emissions.
January 22, 2008USF Holland Offers New U.S.-Canada Delivery Service
Less-than-truckload carrier USF Holland said Tuesday it launched a new guaranteed service to and from Canada.
January 22, 2008Diesel Drops 5.6¢ to $3.27
The average national price of diesel fuel fell for a second straight week, dropping 5.6 cents to $3.27 a gallon, the Department of Energy said Tuesday.
January 22, 2008