Rail and intermodal traffic declined last week compared with the same week a year ago, the Association of American Railroads said.
October 31, 2008Business
Intermec Reports Higher 3Q Profit
Technology firm Intermec Inc. said its third-quarter net income rose to $11 million, or 18 cents per share, from $4.4 million, or 7 cents per share, a year ago.
October 31, 2008BusinessEquipment
ArvinMeritor Cutting 1,250 Jobs, May Sell Auto-Components Unit
Heavy-duty truck parts maker ArvinMeritor Inc. said Friday it will cut 1,250 jobs and may sell the auto-components unit it had planned to spin off to shareholders.
October 31, 2008BusinessEquipment
Cumminsā Third-Quarter Profit Rises 24%
Diesel engine maker Cummins Inc. said Friday its third-quarter profit jumped 24% on stronger international sales, but the company lowered its full-year sales outlook.
October 31, 2008BusinessGovernment
Consumer Sentiment Index Shows Record Decline
U.S. consumer confidence fell this month in the largest decline since data began in 1978, according to the Reuters/University of Michiganās final monthly consumer sentiment index, released Friday.
October 31, 2008GovernmentBusiness
Personal Spending Falls in September
Consumer personal spending dropped 0.3% in September, the biggest drop in four years, the Commerce Department said Friday.
October 31, 2008GovernmentBusinessSafetyLogistics
NTSB Adds EOBRs to āMost Wantedā List
The National Transportation Safety Board has added mandatory use of electronic onboard recorders to its annual list of āmost wantedā safety reforms.
October 31, 2008BusinessSafetyGovernment
NAFTA Surface Trade Rises 4.5%
Surface trade among the United States, Canada and Mexico rose 4.5% in August from the same month last year, though both truck and rail imports declined, the Department of Transportation said Thursday.
October 30, 2008GovernmentBusinessSafetyFuelLogistics
Maritime Commission to Challenge SoCal Portsā Trucks Program
The Federal Maritime Commission voted to seek a court order to stop parts of the southern California ports of Los Angeles and Long Beachās clean trucks program, the Associated Press reported.
October 30, 2008Business
Exxon Mobil Posts Largest Quarterly Profit on Record
Exxon Mobil Corp. broke its own record for the largest quarterly profit by a U.S. company Thursday, reporting its third-quarter net income jumped 58% to $14.8 billion, or $2.86 per share, up from $9.41 billion, or $1.70, a year earlier.
October 30, 2008