Truckload carrier Landstar System’s first-quarter net income rose to $23.7 million, or 45 cents a share, from $21.6 million, or 38 cents, a year earlier.
April 17, 2008Search
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Lenders Tighten Standards for Truckers Seeking Credit
Rising fuel costs, weakening demand for freight hauling and the subprime lending crisis are making it tougher for drivers and trucking companies to qualify for financing to buy equipment.
April 21, 2008Mortgage Crisis Chills Market for Road Privatization Schemes
Wall Street’s subprime mortgage crisis has chilled the market for private infrastructure funding by making it more expensive for investors to get financing, according to interviews with several executives.
April 21, 2008Philadelphia Factory Index Declines in April
Manufacturing levels in the Philadelphia region declined this month, the Federal Reserve Bank of Philadelphia said.
April 17, 2008Leading Economic Indicators Rise in March
An index of leading economic indicators rose 0.1% last month, the first increase in six months, the New York-based Conference Board said Thursday.
April 17, 2008Oil Continues to Climb, Topping $116 a Barrel
Oil prices hit yet another record high Friday, toping $116 a barrel on concerns that an earthquake centered in Illinois could affect refinery operations, Bloomberg reported.
April 18, 2008Hino Shifting Medium-Duty Work to W. Va.
Hino Motors Ltd. said it will halt assembly of trucks in California and shift the work to a West Virginia factory to consolidate U.S. production, Bloomberg reported.
April 17, 2008Initial Jobless Claims Rise by 17,000 for Week
Initial jobless claims rose by 17,000 last week, the Labor Department said Thursday.
April 17, 2008Grocery Chain Supervalu Reports Record Earnings
Grocery chain Supervalu Inc. said Thursday its fiscal fourth-quarter sales and earnings reached records.
April 17, 2008USA Truck Reports $1.9 Million Loss
Truckload carrier USA Truck said Thursday it lost $1.9 million in the first quarter, due to “sluggish freight demand.â€
April 17, 2008