Less-than-truckload carrier Old Dominion Freight Line said Thursday its third-quarter profit declined slightly from a year ago.
October 25, 2007Business, Equipment
Cummins’ 3Q Profit Improves
Diesel engine maker Cummins Inc. said Thursday its third-quarter profit rose to $184 million or $1.84 a share, from $171 million or $1.69 a year ago.
October 25, 2007Business, Government
New °®¶¹´«Ã½ Sales Rise 4.8%
New home rose 4.8% in September, after the Commerce Department revised previous months’ sales upward, Commerce said Thursday.
October 25, 2007Business
Navistar Reports ’03-’04 Loss of $365 Million
Navistar International Corp., which has not filed financial reports in two years, said Thursday it lost $365 million from 2003 through 2004, when it previously had posted a profit of $230 million, Bloomberg reported.
October 25, 2007Business, Government
Durable Orders Fall 1.7% in September
Durable goods orders fell 1.7% in September saw their biggest drop in seven months, the Commerce Department said Thursday.
October 25, 2007Business
Jobless Claims Rise 8,000 for Week
Initial jobless claims rose by 8,000 last week to 331,000, the Labor Department said Thursday.
October 25, 2007Business
Celadon’s 1Q Income Drops
Truckload carrier Celadon Group said late Wednesday its fiscal first-quarter profit plunged 64.8% and that it had authorized a buyback of two million shares of its stock.
October 25, 2007Business, Safety
Editorial: Incentives Matter
The dependably agreeable weather of Florida this time of year is an incentive for the industry to meet again in Orlando for American Trucking Associations’ annual Management Conference & Exhibition.
October 25, 2007Business, Logistics
°®¶¹´«Ã½ Sales Fall to Lowest Level on Record
Existing homes sales fell in September to the lowest level since record keeping began in 1999, the National Association of Realtors said Wednesday.
October 24, 2007Business, Safety, Government
Bill Offering Safety Tax Credit Praised
A bill introduced in the House of Representatives that would give trucking fleets a 50% tax credit for investing in safety technologies has won praise from transportation and safety officials, but they acknowledged the legislation likely faces an uphill battle.
October 24, 2007