Overall rail freight volumes rose for the week ended July 19, but
intermodal traffic declined from year-ago levels, the Association of
American Railroads said.
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TNT’s Second-Quarter Earnings Fall
European parcel courier TNT NV, Hoofddorp, Netherlands, said its
second-quarter earnings declined to about $322 million, or 88.1 cents a
share, from about $383.4 million, or 99.2 cents, a year earlier.
Consumer Sentiment Index Rebounds in July
U.S. consumer confidence this month rose from a reading that was close to a 28-year low, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.
July 25, 2008Intermodal Volumes Fall for Week
New °®¶¹´«Ã½ Sales Fall in June
New home sales fell 0.6% in June, the Commerce Department said Friday.
July 25, 2008Scania’s Net Income Soars on Robust Russian Sales
Swedish truck maker Scania AB’s second-quarter net income jumped 51% to
about $505 million, or 63 cents a share, from last year's $333 million,
or 42 cents, as truck sales in Russia boomed, Bloomberg reported Friday.
Durable Orders Rise in June
Durable goods orders rose in June, the Commerce Department said Friday.
July 25, 2008Diesel Dips 4.6¢ to $4.718
The average price of retail diesel in the United States dipped 4.6 cents last week to $4.718 a gallon, the largest weekly drop in more than six months, the Department of Energy reported.
July 28, 2008Profits Decline at Most LTLs As Surcharges Lag Fuel Hikes
Most public less-than-truckload companies’ second-quarter profits fell
as fleets were pounded by record diesel prices and flagging economic
demand, but some executives said they thought the overall pricing
environment had improved, or at least stabilized.
GAO Claims Many Truckers Skirt DOT Health Regulations
WASHINGTON — The Government Accountability Office said last week that hundreds of thousands of truck drivers with potentially serious medical conditions are being allowed to drive heavy vehicles, citing loopholes and weaknesses in the federal government’s program to certify drivers.
July 28, 2008Rush Enterprises’ 2Q Earnings Fall
Truck dealership Rush Enterprises’ first-quarter net income fell to $6.1 million, or 16 cents a share, down from $13 million, or 34 cents, a year ago.
July 24, 2008