Truckload carrier J.B. Hunt Transport Services reported its first-quarter profit declined to $44.2 million or 30 cents a share, from $49 million or 31 cents a year ago.
April 17, 2007Search
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Con-way’s First-Quarter Profit Falls
Con-way Inc.’s first-quarter income fell 29% as the company’s revenue declined, and the transportation firm lowered its 2007 earnings outlook.
April 17, 2007ODFL Buys Wash. Carrier
Less-than-truckload carrier Old Dominion Freight Line said Tuesday that it signed an agreement to purchase Priority Freight Lines, a carrier in Sumner, Wash. Terms were not disclosed.
April 17, 2007Maersk to Boost Fuel Surcharge
A.P. Moeller-Maersk, the world’s largest ocean shipping line, is boosting its North America to Europe rates due to higher fuel costs, Bloomberg reported Monday.
April 16, 2007Group May Pull Out of N.Y. Port Deal
The Ontario Teachers Pension Plan may abandon a proposed takeover of a big New York port terminal because of a fee dispute with the port authority, the Toronto Globe and Mail newspaper reported Monday.
April 16, 2007N.Y. State Factory Index Rises
Manufacturing growth in New York state rose this month but remained near a two-year low, the Federal Reserve Bank of New York said Monday.
April 16, 2007Retail Sales Rise 0.7%
Retail sales rose 0.7% in March, the biggest jump in three months, the Commerce Department said Monday.
April 16, 2007Eaton’s 1Q Profit Improves
Vehicle parts manufacturer Eaton Corp. said Monday that its first-quarter net earnings were $234 million or $1.56 a share, up from $208 million or $1.36 a year ago.
April 16, 2007Diesel Gains 5¢ to $2.84 a Gallon
The average price of U.S. retail diesel fuel climbed another 5 cents last week to $2.84 a gallon, reaching a seven-month high, and the Department of Energy warned that prices are unlikely to fall anytime soon.
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