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Daimler Sees Truck Sales Rebounding by ’09

DaimlerChrysler AG expects U.S. sales of heavy-duty trucks to recover to last year’s level by 2009 after falling more than 40% this year, Bloomberg reported.

April 23, 2007

Truckload Profits Drop as Freight Supply Shrinks

Profits fell at five of the largest truckload carriers in the past quarter as the nation’s soft economy cut freight volumes, raising uncertainty about whether conditions would improve enough to boost results later in the year.

April 23, 2007

Class 8 Truck Sales Plunge in March

The collapse in heavy-duty U.S. truck sales accelerated in March, dropping nearly 38% from the same month in 2006.

April 23, 2007

SoCal Ports Propose Ban on Old Trucks

The ports of Los Angeles and Long Beach said they would ban the oldest drayage trucks from doing business at their terminals.

April 23, 2007

Diesel Drops 2.6¢ to $2.851

The national average price of retail diesel fuel fell for the first time in a month, dropping 2.6 cents to $2.851 a gallon, the Energy Department said Monday.

April 24, 2007

Jaxport Sets Cargo Record

The Jacksonville Port Authority said it recorded its busiest cargo-handling year in 2006 — its sixth consecutive year of cargo growth — with a 3% increase over 2005.

April 23, 2007

U.S. Xpress Takes 1Q Loss

Truckload carrier U.S. Xpress Enterprises said late Thursday that it lost $2.6 million or 17 cents per share in the first quarter, compared with earning $730,000 or 5 cents a year ago.

April 20, 2007

Hub Group’s Earnings Rise

Third-party logistics company and freight broker Hub Group said late Thursday its first-quarter profit rose 25% to $11.4 million or 29 cents a share, from $9.1 million or 22 cents a share a year ago.

April 20, 2007

Philadelphia Factory Index Unchanged

Manufacturing levels in the Philadelphia were flat in April from last month, the Federal Reserve Bank of Philadelphia said.

April 19, 2007

Saia Reports Higher 1Q Profit

Saia Inc. reported Friday that its first-quarter net income rose to $3 million or 21 cents a share, from $2.4 million or 16 cents a year ago.

April 20, 2007