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Railroads Investing in More Upgrades, Journal Reports

U.S. railroads are making big investments in their networks, having spending $10 billion to expand tracks, build freight yards and buy locomotives since 2000, and are planning an additional $12 billion in upgrades, the Wall Street Journal reported Wednesday.

February 13, 2008

Rush Reports Lower 4Q Earnings

Truck dealership Rush Enterprises said its fourth-quarter earnings dipped to $12.3 million, or 32 cents a share, from $15.9 million, or 42 cents, for the previous fourth quarter.

February 13, 2008

Velocity Express’ Fiscal 2Q Loss Narrows

Velocity Express said Wednesday it lost $10.7 million, or $3.82 a share, in its fiscal second quarter ended Dec. 29, compared with a loss of $15.2 million, or $9.16, a year earlier.

February 13, 2008

Retail Sales Rise 0.3% in January

Retail sales rose 0.3% in January, the Commerce Department said Wednesday.

February 13, 2008

International Introduces LoneStar Class 8 Truck

Navistar International Corp. introduced its new LoneStar heavy-duty truck at last week’s Chicago Auto show, which it said has improved ergonomics, enhanced suspension, advanced electronics and a quiet cab.

February 14, 2008

Expeditors International of Washington’s Earnings Improve

Logistics firm Expeditors International of Washington said its fourth-quarter profit rose 12% to $70.1 million, or 32 cents a share, from $62.6 million, or 26 cents, in the previous fourth quarter.

February 12, 2008

Accident Shuts Down I-84 in Conn.

A Tuesday morning truck accident that caused hydrogen gas to leak prompted a shutdown of Interstate 84 in both directions near Waterbury, Conn., the Associated Press reported.

February 12, 2008

GM Posts 4Q, Full-Year Loss

General Motors Corp. said Tuesday it took a fourth-quarter loss of $722 million and that it enhanced a buyout plan for its 74,000 U.S. United Auto Workers employees, Bloomberg reported.

February 12, 2008

Express-1’s Earnings Dip

Express-1 Expedited Solutions said Tuesday it earned $457,000, or 2 cents a share, in the fourth quarter, down from $1.6 million, or 6 cents, in the previous fourth quarter.

February 12, 2008

Forward Air’s Profit Edges Up in 4Q

Forward Air Corp. said its fourth-quarter profit rose to $12.4 million, or 43 cents a share, from $12.2 million, or 40 cents, a year earlier.

February 12, 2008