Provisions for Heavier Trucks Removed from House Transportation Bill
Provisions for heavier, longer trucks contained in a transportation reauthorization bill introduced in the U.S. House of Representatives Tuesday did not survive the bill's first hearing.
Cummins' Profit Rises for 4Q, Year
Diesel engine maker Cummins Inc. on Thursday said its fourth-quarter profit rose from a year ago as sales climbed to a quarterly record.
Iteris Swings to Fiscal 3Q Profit
Iteris Inc., a provider of traffic management technology, said it posted a profit in its third fiscal quarter.
Covenant Posts Fourth-Quarter Loss
Covenant Transportation Group reported a fourth-quarter loss as freight revenue declined.
Landstar's Earnings Improve for 4Q, Year
Truckload carrier Landstar System said Thursday its fourth-quarter earnings rose to $32.6 million, or 70 cents per share, from $24.1 million, or 50 cents, a year earlier.
Ryder's Fourth-Quarter Profits Improve
Ryder System said Thursday its fourth-quarter profit improved and projected its full-year revenue will rise 4% in 2012.
Meritor's Fiscal 1Q Loss Widens
Truck components maker Meritor Inc. said Thursday it lost $22 million, or 23 cents per share, in its fiscal first quarter, compared with a net loss of $2 million, or 3 cents, a year ago.
C.H. Robinson Reports Higher 4Q Profit
Transportation and third-party logistics firm C.H. Robinson Worldwide reported a fourth-quarter profit of $109.2 million, or 67 cents a share, up 5.9% from $103.2 million, or 62 cents, a year earlier.
Jobless Claims Fall for Week
Initial jobless claims decreased last week, the Labor Department said Thursday.
N.C. College to Manage Global Logistics Center
The Piedmont Triad Partnership, a private economic development organization representing 12 counties in North Carolina's Piedmont region, said it has agreed to turn over management of the North Carolina Center for Global Logistics to Guilford Technical Community College in Jamestown, N.C.
Patriot's Fiscal 1Q Income Slips; Revenue Improves
Patriot Transportation Holding said Wednesday its fiscal first-quarter profit fell from a year ago, in part due to a one-time gain in the year-ago period.
Navistar, Clean Energy Unveil Natural Gas Partnership
LISLE, Ill. - Navistar Inc. and Clean Energy Fuels Corp. unveiled a program that will provide natural gas-powered trucks to customers at the same cost as diesel vehicles, if the customers commit to purchase their fuel from Clean Energy.
Navistar Says 13-Liter Engine Will Meet Emissions Standards
LISLE, Ill. - Navistar Inc. has submitted a 13-liter engine for federal certification that its sales chief says will meet U.S. emissions standards.
Construction Spending Rises in December
Construction spending rose 1.5% in December, the most in four months, the Commerce Department said Wednesday.
ISM Manufacturing Index Hits 7-Month High
January U.S. manufacturing activity rose to the highest level since June, the Institute for Supply Management said Wednesday.
NAFTA Surface Trade Rises 12.7%
Surface trade among the United States, Canada and Mexico rose 12.7% in November from a year ago, the Department of Transportation said.
Truck Weights, Size to Be Considered in House Transportation Bill
Trucks now limited to 80,000 pounds on interstate highways could run as heavy as 97,000 pounds under a proposal contained in the long-awaited transportation reauthorization bill set to be unveiled Tuesday by House Republicans.
Paccar's 4Q Profit Jumps on Higher Truck Sales
Truck and engine maker Paccar Inc. said Tuesday its fourth-quarter profit almost doubled from a year ago on higher truck sales.
UPS' Adjusted 4Q Profit Rises
UPS Inc. said Tuesday its fourth-quarter adjusted net income rose, not including new pension changes that the company had announced last week.
Diesel Edges Up 0.2¢ to $3.85 a Gallon; Gasoline Gains a Nickel to $3.439
Diesel rose two-tenths of a cent to $3.85 a gallon, its third increase in four weeks, while gasoline gained a nickel, the Department of Energy said.
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