Intermodal Volume Rises in 2010
Intermodal traffic volume rose 12.8% in the fourth quarter of 2010, ending the year 14.7% higher than 2009, the Intermodal Association of North America said.
February 9, 2011Cummins Approves $1 Billion Stock Buyback
Cummins Inc.’s board approved the repurchase of up to $1 billion in stock to “improve shareholder value,” the company said Tuesday.
February 8, 2011Diesel to Average $3.43 This Year, DOE Says
The Department of Energy continued to boost its projected price of diesel fuel, saying it will average $3.43 this year, up 3 cents from its forecast last month.
February 8, 2011Diesel Jumps 7.5¢ to $3.513 in 10th Straight Increase
Diesel rose for the 10th straight week, jumping 7.5 cents to $3.513 a gallon, while gasoline resumed its rise, the Department of Energy said.
February 8, 2011Obama Backs Infrastructure Development in Chamber of Commerce Speech
President Obama urged businesses to join him in an effort to change what he termed “burdensome” corporate tax code, while touting investment in infrastructure, Bloomberg reported.
February 8, 2011Small Businesses’ Confidence Hits Three-Year High
A survey released Tuesday showed that confidence among small businesses hit a three-year high, Bloomberg reported.
February 8, 2011United Vision Names Hoffman CEO
Logistics firm United Vision Logistics named Howard Hoffman its permanent CEO, the company said Tuesday.
February 8, 2011Tech Firms Plan to Meet With Government to Fine-Tune Requirements of EOBRs
In the wake of a federal proposal to replace driver logbooks with electronic onboard recorders at most motor carriers, technology companies said they are preparing for another round of meetings with federal officials to fine-tune the technical requirements for these devices.
February 7, 2011Consultant Sees Another Pre-Buy of Trucks Ahead of 2014 Fuel Efficiency Standards
WASHINGTON — The first-ever proposed federal commercial truck fuel-efficiency and carbon emissions standard could cause an industry pre-buy before it becomes effective in 2014, or drive motor carriers to delay retirement of their fleets, a transportation consultant said.
February 7, 2011Scania’s Profit Triples on Stronger European Demand
Swedish truck maker Scania AB’s fourth-quarter profit tripled as the European truck market rebounded, Bloomberg reported.
February 7, 2011