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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, 2007

Crude 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, 2007

Eaton’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, 2007

Swift 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, 2007

Navistar Finalizes $1.5 Billion Loan Agreement

Navistar International Corp. said Monday that it signed its previously announced $1.5 billion loan agreement.

January 22, 2007

Gasoline 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, 2007

Technology 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, 2007

Volvo 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.

January 22, 2007

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