CSX’s Income Falls in 4Q
CSX Corp. said Jan. 15 its fourth-quarter profit fell slightly from a year ago, but its revenue and volume increased.
January 16, 2014Economy Expands at Moderate Pace; Transportation Services Mostly Positive, Fed Says
The U.S. economy continued to expand at a moderate pace from November to the end of the year, with reports on transportation services generally positive, the Federal Reserve said.
January 16, 2014Propane Group Seeks HOS Waiver
The propane industry has asked the federal government for a waiver of hours-of-service rules for truck drivers in the Midwest and northeastern United States who are hauling the gas.
January 16, 2014Consumer Price Index Rises by Most in Six Months
Consumer prices increased by the most in six months in December, the Labor Department reported Jan. 16.
January 16, 2014Jobless Claims Decline to Lowest Level in More Than a Month
The number of Americans filing for jobless benefits fell to the lowest level in more than a month for the week ended Jan. 11, the Labor Department reported.
January 16, 2014Load-Board Activity Increases in December, DAT Says
Spot market freight activity increased 10% in December on DAT’s load boards, bucking the usual end-of-year trend, said the company, which is part of TransCore.
January 15, 2014Cummins ‘Pauses’ Development of 15L Nat-Gas Engine
Engine maker Cummins Inc. confirmed that it has “paused” the development of its planned 15-liter natural-gas engine due to “market timing uncertainty.”
January 15, 2014Freight Shippers Want Predictability, Researchers Say
WASHINGTON — People who study shippers said senders and receivers of freight want predictability — even as the economy and technology change rapidly.
January 15, 2014Covenant Expects Higher 4Q Earnings
Covenant Transportation Group Inc. said it expects fourth-quarter 2013 net income of 18 cents to 22 cents a share, compared with 10 cents a share in the previous year’s quarter.
January 15, 2014Con-way’s Shewchuk Named Chairman of ATA Security Committee
American Trucking Associations appointed Curtis Shewchuk of Con-way Inc. as chairman of the group’s Homeland Security Policy Committee, ATA said Jan. 14.
January 15, 2014