Old Dominion Freight Line on Wednesday raised its second-quarter and full-year earnings outlook, citing improved tonnage.
July 16, 2008Business
VW Gains Final Approval for Scania Deal
Volkswagen AG said Thursday it has received final approval to gain a majority stake in Swedish truck maker Scania AB, which it plans to do next week, the Associated Press reported.
July 17, 2008BusinessLogistics
CSX Reports Higher Second-Quarter Income
Eastern freight railroad CSX Corp. said its second-quarter net income rose 19% to $385 million, or 93 cents a share, from $324 million, or 71 cents, a year ago.
July 16, 2008BusinessGovernment
June CPI Jumps 1.1%; Increase Is Biggest in 26 Years
Consumer prices jumped 1.1% in June, the biggest monthly increase in 26 years, the Labor Department said Wednesday.
July 16, 2008Business
Industrial Production Gains 0.5%
Industrial production rose 0.5% in June, the Federal Reserve said Wednesday.
July 16, 2008Business
Oil Drops $6 on Economic Concerns
Oil futures saw their biggest single-day drop in 17 years Tuesday, falling more than $6 to close the trading day at $138.74 a barrel, the Associated Press reported.
July 15, 2008Business
J.B. Hunt’s 2Q Income Drops
Truckload carrier J.B. Hunt Transport Services’ second-quarter net income fell to $50.6 million, or 39 cents a share, from $63.9 million, or 45 cents, in the same period last year.
July 15, 2008BusinessEquipment
Eaton Reports Higher 2Q Income, Trims Forecast
Vehicle parts manufacturer Eaton Corp. said Tuesday its second-quarter net earnings jumped 35% led by more acquisitions, but the company trimmed its earnings forecast for the year.
July 15, 2008Business
IdleAire Reaches $26 Million Sale Agreement
IdleAire Technologies Corp., which provides stationary power for trucks to use at truck stops in lieu of idling, has reached agreement to be sold for $26 million, the Knoxville (Tenn.) News Sentinel reported.
July 15, 2008BusinessGovernmentSafetyFuel
Letters to the Editor: Speed Limiters, Freeway Trucks, Trucker Finances, Fuel Costs
I believe it would be appropriate to have a new regulation limiting the speed of vehicles on the highway. The speed at which some truckers are driving today is stupid, and some people should go to jail for that.
July 15, 2008