Surface trade among the United States, Canada and Mexico jumped 16.3% in February from a year earlier, the Department of Transportation said Wednesday.
April 30, 2008Business
Frozen Food Express Reports 1Q Loss
Refrigerated truckload carrier Frozen Food Express Industries said it lost $825,000, or 5 cents a share, in the first quarter, compared with a loss of $233,000, 1 cent, a year ago.
April 30, 2008Business
Fed Cuts Key Interest Rate a Quarter-Point to 2%
The Federal Reserve cut the key U.S. interest rate Wednesday by a quarter of a point, to 2%.
April 30, 2008BusinessSafetyGovernment
DOT Secretary Peters Launches Blog
Transportation Secretary Mary Peters has launched a blog at DOT, called the Fast Lane.
April 30, 2008GovernmentBusinessEquipment
Cummins’ 1Q Profit Jumps
Diesel engine maker Cummins Inc.’s first-quarter profit jumped 33% to $190 million, or 97 cents a share, from $143 million, or 71 cents, a year ago.
April 30, 2008BusinessSafetyGovernment
Trucking Could Gain Hazmat Business Under New DOT Rail Shipment Rules
Railroads are facing new federal regulations for shipments of highly hazardous materials, such as chlorine, that could drive more business to trucks.
April 30, 2008BusinessLogisticsGovernment
Chicago Manufacturing Index Shows Small Gain
Manufacturing activity in the Chicago region improved this month, but continued to show contraction, the National Association of Purchasing Management said Wednesday.
April 30, 2008BusinessSafetyGovernmentLogistics
TransForce Reports Dip in 1Q Income
Canadian transportation firm TransForce Income Fund said Wednesday its first-quarter net income was C$19.1 million, or 22 cents per unit, compared with C$20.9 million, or 24 cents, a year ago.
April 30, 2008Business
Wabco’s First-Quarter Profit Rises
Wabco Holdings Inc. said Wednesday its net income rose 53% to $61.3 million, or 91 cents a share, from $40.1 million, or 58 cents, a year ago.
April 30, 2008Business
GM Takes $3.3 Billion First-Quarter Loss
General Motors Corp. reported a $3.3 billion first-quarter loss, due in part to a weak U.S. market, a strike at a major parts supplier and plummeting sales of sport utility vehicles and pickup trucks, the Associated Press reported Wednesday.
April 30, 2008