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Arkansas Best’s 4Q Profit Dips

Arkansas Best Corp. said Friday its fourth-quarter profit declined to $13.5 million, or 54 cents a share, from $14.2 million, or 56 cents, a year earlier.

January 25, 2008

December Truck Tonnage Rises 1.4%

Truck tonnage in December rose 1.4% from a year ago, American Trucking Associations said in its seasonally adjusted for-hire truck tonnage index.

January 25, 2008

Caterpillar’s Fourth-Quarter Earnings Improve

Heavy equipment and diesel engine manufacturer Caterpillar Inc. said its fourth-quarter profit rose 11% to $975 million, or $1.50 per share, from $882 million, or $1.32, a year ago.

January 25, 2008

Union Pacific Reports Higher 4Q Profit

Union Pacific Corp., the largest U.S. freight railroad by revenue, said Thursday its fourth-quarter net income rose to $491 million, or $1.86 per share, from $485 million, or $1.78, a year earlier.

January 24, 2008

Cummins to Add 500 Workers

Heavy-duty diesel engine maker Cummins Inc. said it will add about 500 professional employees, many of them engineers, over the next two years.

January 24, 2008

Railroads, Transport Union Reach Accord

U.S. freight railroads have reached a tentative contract with about 81,000 workers represented by the United Transportation Union, Bloomberg reported Thursday.

January 24, 2008

Ford Takes $2.8 Billion Fourth-Quarter Loss

Ford Motor Co. said Thursday it lost $2.8 billion in the fourth quarter, an improvement from the same quarter a year ago, in which it lost twice that amount.

January 24, 2008

USA Truck Reports $1.6 Million 4Q Loss

Truckload carrier USA Truck said Thursday it lost $1.6 million in the fourth quarter, due to a “challenging freight environment.â€

January 24, 2008

FHWA Chief Capka to Step Down

Federal Highway Administration chief Rick Capka will leave the agency next month, he said in an e-mail to FHWA staff.

January 25, 2008

Covenant Reports Fourth-Quarter Profit

Covenant Transportation Group earned $176,000, or 1 cent per share in the fourth quarter, compared with a loss of $894,000, or 6 cents, a year earlier.

January 24, 2008