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Forward Air Issues 4Q Profit Warning

Forward Air Corp. lowered its fourth-quarter earnings guidance, citing “severely worsening economic conditions” in the second half of the quarter.

January 22, 2009

CSX’s Fourth-Quarter Income Slips

CSX Corp. said its fourth-quarter profit fell from a year ago, largely due to a non-transportation-related writedown.

January 21, 2009

Senate Panel Approves LaHood as DOT Secretary

A Senate panel Wednesday approved Ray LaHood to be Secretary of Transportation, passing his nomination by President Obama to the full Senate, the New York Times reported.

January 22, 2009

Diesel Average Rises 2.3¢

The average price of U.S. retail diesel fuel rose last week for the first time in more than three months, inching up 2.3 cents a gallon to $2.314, the Department of Energy reported.

January 19, 2009

Continued Growth of Multi-mode Transport Spurs Information Technology Systems

The information systems that support intermodal trucking companies are much like the business of intermodalism itself: complex, multi-headed and increasingly important to motor carriers.

January 19, 2009

EPA Won’t Delay 2010 Engine Rule

A top U.S. Environmental Protection Agency official said last week that the agency has “absolutely no intention” of granting the request by truck and engine manufacturer Navistar Inc. for a two-year delay in implementing 2010 federal diesel emission standards for new heavy trucks.

January 19, 2009

Consumer Confidence Improves

U.S. consumer confidence improved this month, according to the Reuters/University of Michigan’s preliminary monthly consumer sentiment index released Tuesday.

January 16, 2009

CPI Falls 0.7% in December; Gained 0.1% for Year

Consumer prices fell 0.7% in December led by declining energy costs and slowing the declines of previous months, the Labor Department said Friday.

January 16, 2009

Philadelphia Fed Factory Index Shrinks

Manufacturing levels in the Philadelphia region contracted in January, the Federal Reserve Bank of Philadelphia said Thursday. It was the 13th month of contraction in the last 14 months.

January 15, 2009

TTNews.com to Close for Holiday, Inauguration Day

Transport Topics Online will be closed Monday, Jan. 19, for Martin Luther King Jr. Day, and Tuesday, Jan. 20, due to the presidential inauguration. Please check back on Wednesday, Jan. 21, for the latest trucking and freight transportation news.

January 16, 2008