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Analysts See Downturn in 4Q Trucking Company Earnings
Analysts expect mostly lackluster fourth-quarter earnings from trucking companies, since the industry's annual peak season never materialized and demand further waned amid a general economic slowdown, the Associated Press reported.
January 23, 2007Justin Olsen, maintenance director at TCW, breaks down the hidden impact of poor trailer management on operations, compliance and safety.Â
Union Pacific, Norfolk Southern Set Expanded Intermodal Service
Freight railroads Union Pacific Railroad and Norfolk Southern Railway said Tuesday that they will launch a new intermodal train service in February that will add rail capacity and expand intermodal rail service between Los Angeles and the Southeast.
January 23, 2007Crude Oil Price Rises, Topping $55 a Barrel
Crude oil prices surged more than $2 a barrel Tuesday after Energy Secretary Samuel Bodman said President Bush plans to double the size of the U.S. Strategic Petroleum Reserve by 2027, Bloomberg reported.
January 23, 2007Eaton’s Earnings Rise 15% for Fourth Quarter
Vehicle parts manufacturer Eaton Corp. said Monday that its fourth-quarter earnings rose nearly 15% from a year ago.
January 22, 2007Swift Founder Jerry Moyes to Buy Company for $2.74 Billion
Swift Transportation Co. agreed late Friday to be acquired by company founder Jerry Moyes for $31.55 a share, or about $2.74 billion, the company said.
January 22, 2007Navistar Finalizes $1.5 Billion Loan Agreement
Navistar International Corp. said Monday that it signed its previously announced $1.5 billion loan agreement.
January 22, 2007Gasoline Prices Fall 14 Cents in Two Weeks, Lundberg Says
Average U.S. retail gasoline prices fell 14 cents over the past two weeks to $2.18 a gallon, according to the latest Lundberg survey of gasoline prices released Sunday.
January 22, 2007Technology Briefs — Jan. 17 - Jan. 22
Georgia Weigh Stations to Use PrePass • Purolator Selects Software System from Carrier Logistics • Iowa Plans Internet Kiosks at Rest Stops • President to Address Global Warming in Tuesday Speech
January 22, 2007Volvo AB Unveils Hybrid Powertrain in Prototype Mack Truck
WASHINGTON — Volvo AB and Mack Trucks Inc. last week unveiled a hybrid prototype of a heavy-duty Mack construction truck and company officials said their diesel-electric power supply will cut fuel costs 30% for stop-and-go trucks and buses while running much cleaner.
Calif. Aims to Cut Emissions, Improve Four Freight Corridors
Trucks operating in California would be required to meet tighter emission standards under a plan proposed by Gov. Arnold Schwarzenegger (R) to spend $3.1 billion in bond money to improve four key freight corridors.
January 22, 2007