Ryder System on Tuesday said its first-quarter profit rose from a year ago on higher freight volumes, stronger used vehicle sales and improved rental and leasing revenue.
April 24, 2012BusinessGovernmentLogistics
Consumer Confidence Declines
Consumer confidence decreased this month, the New York-based Conference Board said Tuesday.
April 24, 2012GovernmentBusiness
Senate Names Transportation Conferees
The Senate has named 14 of its members to serve on the conference committee tasked with ironing out House-Senate differences on a long-term transportation funding bill.
April 24, 2012Business
Paccar’s 1Q Profit Jumps on Higher Truck Sales
Truck and engine maker Paccar Inc. said Tuesday its first-quarter profit rose from a year ago on higher truck and aftermarket sales.
April 24, 2012Business
Illinois Sets Funds to Alleviate No. 1 Trucking Bottleneck
Illinois Gov. Pat Quinn announced Monday a major reconstruction project to add “much-needed capacity to the Circle Interchange in the heart of Chicago.â€
April 24, 2012BusinessFuel
Diesel Falls Again, Declining 4.2¢, to $4.085; Gasoline Falls 5.2¢ to $3.87 a Gallon
Diesel fell for the third time in four weeks, doubling last week’s decline to a 4.2-cent drop to $4.085 a gallon, the Department of Energy said Monday.
April 24, 2012BusinessLogistics
Canadian Railroads Report Mixed 1Q Earnings
Canada National Railway Co. reported lower first-quarter earnings and Canadian Pacific Railway Co. reported a rise.
April 24, 2012Business
Scania’s Profit Slips as European Truck Demand Stalls
Swedish truck maker Scania AB reported a first-quarter profit but its net income slipped 29% after it cut jobs to prepare for slowing European demand and raised prices on some models, Bloomberg reported Tuesday.
April 24, 2012BusinessLogistics
Kansas City Southern Posts Higher 1Q Profit
Kansas City Southern on Tuesday reported its first-quarter earnings rose to $75 million, or 68 cents a share, from $64 million, or 58 cents, the previous year.
April 24, 2012BusinessEquipment
Delphi’s First-Quarter Earnings Rise
Vehicle components maker Delphi Automotive PLC said Tuesday its first-quarter profit jumped 18% on higher sales.
April 24, 2012