Eastern freight railroad CSX Corp. said its first-quarter net income earnings-per-share jumped 22% from a year ago, on higher shipping volumes.
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New York State Scraps Truck Rural-Route Restrictions
The New York State Department of Transportation told a transportation task force that it will no longer pursue efforts to restrict trucks from using certain rural routes in the Finger Lakes area, American Trucking Associations said.
April 14, 2010Business Inventories Grow in February
Business inventories rose 0.5% in February, the Commerce Department said Wednesday.
April 14, 2010Consumer Price Index Rises 0.1%
The consumer price index rose 0.1% in March, the Labor Department said Wednesday.
April 14, 2010March Retail Sales Show Biggest Gain in Four Months
Retail sales rose 1.6% in March, the biggest increase in four months, the Commerce Department said Wednesday.
April 14, 2010UPS Sees Higher First-Quarter Results
UPS Inc. said its first-quarter earnings per share will increase to 53 cents, from 40 cents a year ago, while adjusted earnings will be 71 cents, up from 52 cents last year.
April 15, 2010Landstar’s 1Q Income Grows
Truckload carrier Landstar System’s first-quarter net income rose to $17.2 million, or 34 cents a share, from $13.9 million, or 27 cents, a year ago.
April 14, 2010J.B. Hunt’s 1Q Earnings Improve
J.B. Hunt Transport Services said its first-quarter net earnings increased to $37.5 million, or 29 cents per share, from $30.8 million, or 24 cents, a year ago. Revenue rose 17% to $845 million.
April 14, 2010Rep. DeFazio Urges Repeal of Mexican Trucks Program
Rep. Peter DeFazio (D-Ore.) sent a bipartisan letter signed by 78 Members of Congress Wednesday to Transportation Secretary Ray LaHood and U.S. Trade Representative Ron Kirk, asking that they consider repealing the program that opens U.S. roadways to Mexican trucks.
April 14, 2010Meritor WABCO, Iteris Set Partnership
Meritor WABCO Vehicle Control Systems and Iteris Inc. said they have formed a partnership to streamline and simplify delivery of critical data about vehicle safety and performance to their mutual customers.
April 13, 2010