Swift Transportation Co., in its first public earnings statement since going public late last year, said its fourth-quarter net loss was less than that of a year earlier and that its operating revenue improved.
January 25, 2011GovernmentBusiness
Consumer Confidence Hits Eight-Month High
Consumer confidence hit its highest level in eight months in January, the New York-based Conference Board reported Tuesday.
January 25, 2011GovernmentBusiness
IMF Boosts World Economic Growth Projection
The International Monetary Fund boosted its forecast for global economic growth this year, reflecting stronger U.S. output based on tax-cut extensions and higher growth in emerging economies, Bloomberg reported Tuesday.
January 25, 2011BusinessFuel
Diesel Rises 2.3¢ to $3.43 a Gallon in Eighth Straight Gain
Diesel’s national average rose for the eighth consecutive week, gaining 2.3 cents to $3.43 a gallon, the Department of Energy said.
January 25, 2011BusinessLogistics
CN’s Profit Falls in 4Q, Grows in Year
Canadian National Railway Co. said its fourth-quarter net income fell 13.6% to C$503 million, or C$1.08 per share, from C$582 million or $1.23 per share, a year earlier.
January 25, 2011BusinessLogistics
CSX’s 4Q, Full-Year Earnings Jump on Higher Volume
CSX Corp. said Monday its fourth-quarter profit jumped 42% on higher shipments from auto manufacturers and other industrial shippers.
January 24, 2011BusinessTechnology
Qualcomm Releases CSA Software
Qualcomm Inc. said it has released its CSA Safety Performance Service to help carriers manage performance related to the federal Compliance, Safety, Accountability regulations’ new safety-measurement system.
January 24, 2011GovernmentBusinessSafetyAutonomous
Cross-Border Trucking on Clinton’s Agenda in Mexican Talks
Cross-border trucking will be on the agenda of Secretary of State Hillary Clinton when she holds talks Monday with Mexican officials, Bloomberg reported.
January 24, 2011BusinessLogistics
Canadian Rail Workers Drop CN Strike Threat
Canadian National Railway Co. reached a contract deal with the Canadian Auto Workers union Monday and the union dropped its threat to strike Tuesday, Reuters reported.
January 24, 2011Business
GM’s China Sales Surpass U.S. for First Time
General Motors Co. sold more cars and trucks in China last year than in the United States for the first time in the company’s history, the Associated Press reported.
January 24, 2011