The average price of diesel fuel rose 3.2 cents to $2.528 a gallon after a four-week drop, the Department of Energy said Monday.
July 27, 2009GovernmentBusiness
Consumer Confidence Retreats in July
Consumer confidence fell in July, the New York-based Conference Board said.
July 28, 2009Business
Paccar’s Second-Quarter Income Falls 92%
Heavy-duty truck maker Paccar Inc. said Tuesday its second-quarter profit plunged 92% to $26.5 million, or 7 cents a share, from $313.5 million, or 86 cents, a year ago.
July 28, 2009BusinessSafetyGovernment
Covenant Reports Loss for 2Q
Covenant Transportation Group said it lost $3.1 million, or 22 cents per share, in the second quarter, compared with a loss of $2.3 million, or 17 cents, a year ago.
July 28, 2009BusinessLogistics
FedEx National LTL Names New President
FedEx Corp. said it has named Mike Moss as president of FedEx National LTL, the parcel carrier’s long-haul less-than-truckload unit.
July 27, 2009BusinessGovernment
New °®¶¹´«Ã½ Sales Climb 11%
New home sales increased 11% in June, the largest increase in eight years, the Commerce Department said Monday.
July 27, 2009Business
Qualcomm’s Third-Quarter Earnings Slip
Wireless-services provider Qualcomm Inc. said its fiscal third-quarter earnings slipped to $737 million, or 44 cents a share, from $748 million, or 45 cents, a year ago.
July 27, 2009GovernmentBusinessSafety
New Orleans Port Operators Cut Hours
Both of the terminal operators at the Port of New Orleans have reduced their business hours in response to the economic recession and reduced shipping, the Times-Picayune reported.
July 27, 2009Business
TNT Profit Falls 60%
TNT NV, Europe’s second largest post company, said its second-quarter earnings declined to about $115 million, from about $292 million a year earlier.
July 27, 2009Business
Navistar Engineering VP Leaves Company
Helmut Endres, vice president of engineering for Navistar Inc.’s engine group, has left the company, the truck and engine maker told Transport Topics on July 23.
July 27, 2009