Transportation Secretary Ray LaHood said he will leave the Obama administration after leading the Department of Transportation for just over four years.
January 29, 2012Business
Mica Expected to Unveil $250 Billion Highway Bill
A five-year transportation reauthorization bill that would provide around $250 billion for projects and safety programs is expected to be unveiled this week by Rep. John Mica (R-Fla.), chairman of the Transportation and Infrastructure Committee.
January 30, 2012Business
DHS, State Dept. Directed to Devise Plans to Guard Against Supply-Chain Disruption
President Obama last week directed the departments of State and °®¶¹´«Ã½land Security to develop a plan to protect against interruptions in the international supply chain.
January 30, 2012GovernmentBusiness
Heavy-Duty Truck Dealers, Makers to Gather in Las Vegas
Manufacturers and sellers of heavy-duty trucks will take stock of industry and the economy at the annual American Truck Dealers Association meeting in Las Vegas, Feb. 3-6.
January 30, 2012Business
Caterpillar’s Fourth-Quarter Profit Drops 55%
Heavy equipment maker Caterpillar Inc. reported its fourth-quarter profit fell 55% to $697 million, or $1.04 a share, from $1.55 billion, or $2.32, a year ago, on lower production.
January 28, 2012Business
Arkansas Best Swings to 4Q Profit
Arkansas Best Corp. said its fourth-quarter net income improved on stronger less-than-trucking unit performance.
January 27, 2012Business
Werner’s Fourth-Quarter Profit Improves
Werner Enterprises’ fourth-quarter net income rose to $29.4 million, or 40 cents per share, from $24.1 million, or 33 cents, a year ago.
January 27, 2012Business
J.B. Hunt’s 4Q Income Rises 25%
J.B. Hunt Transport Services’ fourth-quarter profit rose 25% on higher freight income from its trucking and intermodal businesses.
January 27, 2012BusinessGovernmentLogistics
Consumer Confidence Rises Again
Consumer confidence rose in January to the highest level in almost a year, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
January 27, 2012BusinessFuel
Obama Touts Natural Gas Use for Trucking
President Obama touted greater use of natural gas during a visit to a UPS Inc. facility in Las Vegas on Thursday, the Los Angeles Times reported.
January 27, 2012