Trucking stocks fell Thursday, as investors reacted to slumping first-quarter earnings from several trucking firms, the Associated Press reported.
April 17, 2008Search
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Dana Names Gary Convis CEO
Parts supplier Dana Holding Corp. said Thursday it named retired Toyota Motor Corp. executive Gary Convis its new chief executive officer.
April 17, 2008Canadian Factory Shipments Improve
Canadian factory shipments rose twice as quickly as anticipated in February on a jump in automobile production after shutdowns late last year, Bloomberg reported Wednesday.
April 16, 2008U.S. Industrial Production Rises 0.3%
U.S. industrial production rose 0.3% in March, the Federal Reserve said Wednesday.
April 16, 2008Consumer Price Index Gains 0.3% in March
The consumer price index rose 0.3% in March, led by higher fuel and food prices, the Labor Department said Wednesday.
April 16, 2008CSX Reports Higher 1Q Profit
Eastern freight railroad CSX Corp. said its first-quarter profit rose to $315 million, or 85 cents a share, from $240 million, or 52 cents, in the previous first quarter.
April 16, 2008ATA Chairman Kuntz Testifies at Senate Hearing
WASHINGTON — American Trucking Associations Chairman Ray Kuntz asked a Senate committee Wednesday to make fundamental changes to federal surface transportation programs in order to allow the trucking industry to move freight more efficiently.
April 16, 2008Bush Proposes Climate-Change Strategy
President Bush Wednesday called for a halt in the growth of greenhouse gases by 2025, the Associated Press reported.
April 17, 2008Analysts Predict Lower Profits for Trucking in First Quarter
Unfavorable economic trends and fuel prices will collaborate to propel trucking companies’ first-quarter earnings below year-ago levels and will lead to a shrinkage of the fleet in the truckload sector, industry analysts said.
April 14, 2008Con-way Reports Lower 1Q Profit; Cuts Full-Year Forecast
Con-way Inc. said its first-quarter net income fell to $24.1 million, or 47 cents a share, from $29.6 million, or 57 cents, a year earlier.
April 17, 2008