Kansas City Southern’s 4Q Profit Grows
Kansas City Southern said it earned $51.8 million, or 50 cents a share, in its fourth quarter, compared with $32.3 million, or 34 cents, the previous year.
January 27, 2011Business, Labor Groups Praise Obama’s Stance on Infrastructure
The U.S. Chamber of Commerce and the AFL-CIO released a joint statement Wednesday praising President Obama’s stance on boosting U.S. infrastructure in his State of the Union address Tuesday night.
January 26, 2011Fed Keeps Interest Rate at Record Low
The Federal Reserve voted Wednesday to keep a key U.S. interest rate at a record low rate of zero to 0.25%.
January 26, 2011Knight Transportation’s 4Q Income Rises
Truckload carrier Knight Transportation said Wednesday its profit rose for both the fourth quarter of 2010 and the year.
January 26, 2011Celadon’s Fiscal 2Q Profit Jumps
Truckload carrier Celadon Group said its fiscal second-quarter profit almost tripled from a year ago as its rate-per-mile improved.
January 26, 2011Obama Urges Boosting U.S. Infrastructure, Exports
President Obama in his State of the Union speech Tuesday called for more investments in infrastructure even as he urged a partial freeze in federal spending to rein in the U.S. deficit.
January 26, 2011Marten’s 4Q, Yearly Profits Grow
Marten Transport said its fourth-quarter profit increased 22.2% as both its logistics and regional revenue improved.
January 26, 2011New Home Sales Gain 18% in December
New home sales increased 18% in December, the Commerce Department said Wednesday.
January 26, 2011Cummins Selling Exhaust Business
Diesel engine maker Cummins Inc. said it is selling its exhaust business to Global Tube, a unit of a private equity firm. Terms were not disclosed.
January 26, 2011Norfolk Southern’s 4Q Profit Improves
Norfolk Southern Corp.’s fourth-quarter and annual net income rose from the same periods a year earlier and it said it was boosting its quarterly dividend.
January 26, 2011