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Bush Warns Against Trade Barriers in Speech at Caterpillar

President Bush on Tuesday warned against erecting global trade barriers during a visit to heavy-duty engine manufacturer Caterpillar’s East Peoria, Ill., headquarters, Bloomberg reported.

January 30, 2007

Crude Oil Price Posts Biggest Gain Since September 2005

Crude oil futures posted their biggest one-day gain Tuesday since September 2005, rising on forecasts of continuing cold weather and expectations of a stronger U.S. economy, Bloomberg reported.

January 30, 2007

Freightliner to Cut About 2,000 Jobs in Oregon, North Carolina

Truck manufacturer Freightliner LLC plans to lay off about 800 of its 1,700 workers in Portland, Ore., and stop making Freightliner trucks in that city, the Associated Press reported.

January 29, 2007

Cummins Reports Record Sales for 4Q, 2006

Diesel engine maker Cummins Inc. Monday reported record sales and earnings for the fourth quarter and full-year 2006, with sales topping $3 billion in the quarter for the first time.

January 29, 2007

Quality Distribution Lowers Fourth-Quarter Forecast

Tank truck carrier Quality Distribution lowered its earnings guidance for the fourth quarter and full-year 2006, due to lower seasonal demand.

January 29, 2007

TMW President Says Slowdown Not Expected for ’07 Sales

The president of trucking software provider TMW Systems said he does not expect a slowdown in sales this year, even as some trucking companies face a downturn in demand for freight-hauling services.

January 29, 2007

Sysco’s Fiscal Second-Quarter Net Income Rises

Food-services provider Sysco Corp. said Monday its fiscal second-quarter net income rose 16% to $236.7 million or 38 cents a share, from $204.2 million or 33 cents a year earlier.

January 29, 2007

E&MU: Coping With ’07 Emission Systems

The maintenance managers of two vehicle leasing companies expect few problems in their shops as the truck-operating industry shifts to the next generation of lower-emission diesel engines.

January 29, 2007

Technology Briefs — Jan. 23 - Jan. 29

Prophesy Says Software Sales Increased 40% • Altfuels Face Difficult Economics, Journal Says • Horizon to Use RFID for Alaska Shipments

January 29, 2007

J.B. Hunt’s Fourth-Quarter Earnings Dip; Full-Year Improves

Truckload carrier J.B. Hunt Transport Services said Monday it earned $57.8 million or 39 cents a share in the fourth quarter, a decline from $65.3 million or 41 cents a year ago.

January 29, 2007