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Cooper Tire Posts Net 3Q Loss, Despite Higher Sales
Cooper Tire & Rubber Co. on Wednesday reported it lost $25 million or 41 cents a share in the third quarter, compared with a loss of $840,000 or 2 cents a share in 2005.
November 9, 2006Wabash’s Earnings Decline in Third Quarter
Trailer maker Wabash National Corp. reported Thursday net income of $5 million or 15 cents a share for the third quarter, compared with $24 million or 66 cents last year.
November 9, 2006Indiana DOT Commissioner Resigns
Tom Sharp, the commissioner of Indiana’s state Department of Transportation, on Thursday resigned his position, the Associated Press reported.
November 9, 2006Dana Corp. to Close Eight Plants
Bankrupt auto parts supplier Dana Corp. said Thursday it will close eight North American plants as part of its restructuring efforts, Bloomberg reported.
November 9, 2006Crude Oil Tops $61 a Barrel as Diesel Supplies Decline
Crude oil futures on Thursday rose to their highest levels this month, closing at over $61 a barrel on the New York Mercantile Exchange, Bloomberg reported.
November 9, 2006Cummins Plant Begins Particulate Filter Production
Cummins Inc. announced Thursday that its Mineral Point, Wis., facility has begun manufacturing the diesel particulate filters that will help the engine maker achieve compliance with the Environmental Protection Agency’s upcoming 2007 emission standards.
November 9, 2006Deutsche Post Earnings Hurt by Express Division Decline
Deutsche Post AG, the parent of DHL Americas, reported higher third quarter earnings, though profits fell short of analysts' estimates due to declines at the company’s Express unit, Bloomberg reported.
November 8, 2006Minnesota Voters Approve Transport Funding
Minnesota voters have approved an amendment to the state’s constitution that requires all motor vehicle sales tax revenue to be spent on transportation projects, the Associated Press reported Wednesday.
November 8, 2006EGL’s Third-Quarter Income, Revenue Rise
Transportation and logistics firm EGL Inc. reported third-quarter net income of $19.5 million or 48 cents a share, compared with $19.2 million or 40 cents from the same quarter last year.
November 8, 2006PHMSA's Crash, Incident Data Support Limits To Hazmat Background Checks
DALLAS - Examination of crash and incident data by the federal agency that regulates hazardous materials transportation may bolster arguments for limiting hazmat background checks, officials with American Trucking Associations told Transport Topics.
November 8, 2006