Heartland Express Tuesday reported a decline in its second-quarter profit but said it plans to begin a fleet upgrade in the third quarter in which it plans to buy 1,600 new trucks.
July 22, 2008BusinessFuelGovernmentLogistics
Norfolk Southern’s 2Q Income Rises 15%
Eastern freight railroad Norfolk Southern Corp. said its second-quarter profit rose 15%, as higher revenue per shipment offset an overall drop in traffic and record fuel prices.
July 23, 2008BusinessSafetyGovernmentLogistics
C.H. Robinson’s 2Q Profit Improves
Transportation and third-party logistics firm C.H. Robinson Worldwide said its second-quarter profit rose to $90.4 million, or 52 cents a share, from $82.3 million, or 47 cents, a year ago.
July 22, 2008BusinessFuel
EPA To Award $3.4 Million in Diesel Technology Grants
The Environmental Protection Agency said Monday it will award $3.4 million in grants to establish projects using emerging technologies to reduce emissions from the diesel engine fleets.
July 22, 2008FuelBusinessLogisticsGovernment
Diesel Falls 4.6¢ to $4.718 a Gallon
Diesel fuel’s national average pump price fell by the most in six months, dropping 4.6 cents to $4.718 a gallon, the Department of Energy reported.
July 22, 2008Business
Paccar’s 2Q Income Gains on European Sales
Heavy-duty truck maker Paccar Inc. said Tuesday its second-quarter profit rose 5%, led by higher European sales.
July 22, 2008GovernmentBusinessSafety
Caterpillar’s 2Q Income Jumps on International Demand
Heavy equipment and diesel engine maker Caterpillar Inc. said Tuesday its second-quarter profit rose 34%, led by international demand.
July 22, 2008GovernmentBusinessSafety
Canada’s Two Largest Railroads Report Lower Income
Canada’s two biggest freight railroads reported downturns in their second-quarter profits, Bloomberg reported.
July 22, 2008BusinessFuelGovernment
Forward Air’s 2Q Earnings Improve
Forward Air Corp. said its second-quarter profit rose to $12.1 million, or 42 cents a share, from $11.5 million, or 38 cents, a year ago.
July 21, 2008FuelBusinessGovernment
California Issues Natural Gas Grants
Clean Energy Fuels Corp. said two California environmental agencies awarded grants totaling more than $11 million to further the development of natural gas fueling stations and vehicles.
July 21, 2008