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Covenant Takes Third-Quarter Loss

Covenant Transportation Group reported it lost $3.6 million or 25 cents a share, compared with a net income of $795,000 or 6 cents a year earlier.

October 19, 2007

Daimler Unveils New Heavy-Duty Engine

REDFORD, Mich. — The Daimler Truck Group on Friday unveiled the first fruit of its five-year, $1.5 billion program to develop a single heavy-duty diesel engine to serve its markets around the world.

October 19, 2007

Fed ‘Beige Book’ Notes Mixed Trucking Activity

A report from the Federal Reserve’s regional banks suggested that economic activity continued to expand, although trucking’s outlook varied by region.

October 18, 2007

Jobless Claims Rise 28,000 for Week

Initial jobless claims rose by 28,000 last week to 337,000, the Labor Department said Thursday.

October 18, 2007

Leading Economic Indicators Rise 0.3%

An index of leading economic indicators rose 0.3% in September, the New York-based Conference Board said Thursday.

October 18, 2007

Union Pacific Reports Record 3Q Revenue

Union Pacific Corp. said Thursday its third-quarter earnings jumped 27% to $532 million or $2 a share, from $420 million or $1.54 a year ago.

October 18, 2007

USA Truck’s 3Q Profit Plunges

Truckload carrier USA Truck said Thursday its third-quarter profit dropped to a near loss, due to a “challenging†freight environment.

October 18, 2007

Landstar’s 3Q Earnings Dip

Truckload carrier Landstar System said Thursday its third-quarter net income slipped from a year ago, though its per-share income rose.

October 18, 2007

Oil Inventories Rise; Crude Tops $87 a Barrel

Inventories of crude oil, gasoline and distillate fuel all rose last week, the Energy Department reported Wednesday, following Tuesday’s closing-price crude oil record of more than $87 a barrel.

October 17, 2007