Old Dominion Freight Line on Wednesday raised its second-quarter and full-year earnings outlook, citing improved tonnage.
July 16, 2008Search
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June CPI Jumps 1.1%; Increase Is Biggest in 26 Years
Consumer prices jumped 1.1% in June, the biggest monthly increase in 26 years, the Labor Department said Wednesday.
July 16, 2008CSX Reports Higher Second-Quarter Income
Eastern freight railroad CSX Corp. said its second-quarter net income rose 19% to $385 million, or 93 cents a share, from $324 million, or 71 cents, a year ago.
July 16, 2008NHTSA Chief Nicole Nason to Step Down in August
Nicole Nason, administrator of the National Highway Traffic Safety Administration, told Transportation Secretary Mary Peters she plans to leave the agency in August, the Associated Press reported.
July 17, 2008Landstar’s 2Q Profit, Revenue Rise
Truckload carrier Landstar System said late Wednesday its second-quarter profit rose slightly, while revenue jumped 10%.
July 17, 2008Port of Los Angeles Opens Third TWIC Signup Center
To boost lagging enrollments in the Transportation Worker Identification Credential program at Southern California ports, the Port of Los Angeles has opened a new enrollment center close to the adjacent Port of Long Beach.
July 15, 2008IdleAire Reaches $26 Million Sale Agreement
IdleAire Technologies Corp., which provides stationary power for trucks to use at truck stops in lieu of idling, has reached agreement to be sold for $26 million, the Knoxville (Tenn.) News Sentinel reported.
July 15, 2008GM Sets Plant Closures, Job Cuts
General Motors Corp. plans to cut truck production, lay off salaried workers, suspend its dividend and borrow $2 billion to $3 billion as it struggles to stay afloat, the Associated Press reported Tuesday.
July 15, 2008Retail Sales Gain 0.1% in June
Retail sales improved 0.1% in June, the Commerce Department said Tuesday.
July 15, 2008Eaton Reports Higher 2Q Income, Trims Forecast
Vehicle parts manufacturer Eaton Corp. said Tuesday its second-quarter net earnings jumped 35% led by more acquisitions, but the company trimmed its earnings forecast for the year.
July 15, 2008