Germany-based Deutsche Post AG will write down the value of its DHL Americas unit by $874 million, Bloomberg reported Wednesday.
January 23, 2008Search
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Maine Suspends Some Weight Restrictions Due to Fuel Prices
Maine Gov. John Baldacci (D) signed a bill to temporarily allow trucks hauling forest products to exceed state weight limits by 5% in hopes of helping them offset high fuel prices, the Associated Press reported.
January 23, 2008
Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
CN’s Fourth-Quarter Profit Rises
Canadian National Railway Co. said its fourth-quarter net income rose C$833 million or C$1.68 per share, from C$499 million or 95 cents per share a year earlier.
January 23, 2008Oklahoma to Begin Truck-Weighing Technology Program
Oklahoma officials are set to begin a $61 million project to build nine state-of-the-art inspection stations will improve highway safety and better enforce truck weight laws, the Associated Press reported.
January 23, 2008Sysco to Use Xata’s Software
Xata Corp. said Tuesday that foodservice marketer and distributor Sysco Corp. has chosen Xata as its preferred provider of onboard fleet technology.
January 22, 2008Fed Slashes Interest Rate to 3.5%
In an emergency move, the Federal Reserve Tuesday cut the key U.S. interest rate by three-quarters of a point to 3.5%, the Associated Press reported.
January 22, 2008CSX Reports 4Q Profit Gain
Eastern freight rail line CSX Corp. said Tuesday its fourth-quarter earnings rose more than 5% from a year earlier, to $365 million or 86 cents a share, from $347 million or 75 cents a year earlier.
January 22, 2008Eaton’s 4Q Earnings Rise; Truck Segment Declines
Heavy-duty vehicle parts manufacturer Eaton Corp. said Tuesday its fourth-quarter net earnings rose 8%, and the company boosted its dividend too.
January 22, 2008Dec. Truck Sales Fall 54.5% to Close Worst Year Since ’03
U.S. truck sales finished their worst year since 2003 last month, plummeting 54.5% from the level of December 2006. For the entire year, U.S. heavy-duty sales during 2007 were 46.8% below the record set last year, according to data supplied by WardsAuto.com.
January 21, 2008Panel Urges Infrastructure Overhaul
WASHINGTON — In a controversial report calling for huge new spending on the national transportation system, a congressional commission last week made several recommendations that would affect trucking, including new flexibility in the federal driver hours-of-service rule in congestion-prone areas.
January 21, 2008