President Bush said Thursday that he was opposed to funding bridge repairs by raising the federal gasoline tax, as proposed Wednesday by Rep. James Oberstar (D-Minn.), the Associated Press reported.
August 10, 2007Search
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Truck Demand Poised for Rebound, Says ArvinMeritor's McClure
The head of auto parts supplier ArvinMeritor said the company is seeing more interest in its heavy-duty truck components, a signal that truck demand couldrise toward the end of the year, Bloomberg News reported.
August 8, 2007TransForce Posts Lower 2Q Profit
Canadian transportation firm TransForce Income Fund said late Wednesday it earned C$26.3 million or 31 cents a share in the first quarter, down from C$34.9 million or 40 cents a year earlier.
August 8, 2007Buffett's Berkshire Hathaway Increases BNSF Stake
Berkshire Hathaway, the firm owned by billionaire Warren Buffett, has increased its stake in Burlington Northern Santa Fe Corp., the second largest U.S. railroad, Bloomberg News reported.
August 8, 2007Mullen Group's Profits Sink in Second Quarter
Canadian transportation firm Mullen Group Income Fund said its second-quarter profit plunged 57.3% to C$16.6 million or 21 cents a share, from C$38.9 million or 64 cents a year earlier.
August 8, 2007Jobless Claims Rise 7,000 for Week
Initial jobless claims rose 7,000 to 316,000 last week, the Labor Department said Thursday.
August 9, 2007Quality's Profits Fall in Q2
Tank truck carrier Quality Distribution, Tampa, Fla., said its second-quarter net income sank to $2.2 million or 12 cents a share, compared with $5.5 million or 28 cents a year ago.
August 9, 2007NAM Forms Infrastructure Committee
The National Association of Manufacturers said it had formed a group of
August 8, 2007Rail Volumes for Week Rise, Intermodal Falls, AAR Says
Rail carload traffic rose slightly compared with a year ago for the week ended Saturday, while intermodal volumes declined, the Association of American Railroads said.
CSX Transportation, Kentucky to Cooperate on Rail Security
Freight railroad CSX Transportation said it has entered into an agreement with the state of Kentucky under which state law enforcement officials will be able to track the location of CSX trains and monitor the contents of the carrier’s railcars.
August 8, 2007