Canadian Pacific’s Profit Improves
Canadian freight railroad Canadian Pacific’s fourth-quarter net income increased 27.1% to C$185.8 million, or C$1.09 per share, from C$146.2 million, or 87 cents, a year earlier.
January 26, 2011Navistar Boosts Earnings Forecast
Navistar International Corp. boosted its profit forecast, saying it would earn $388 million to $465 million, or $5 to $6 per share, excluding some items, for its fiscal year that ends Oct. 31.
January 26, 2011ATA, Coalition Ask Congress for Hearing on Proposed HOS Rule
A coalition including American Trucking Associations, other groups and several large trucking companies has asked a key congressional panel for a hearing on a proposed new federal hours-of-service rule, saying the changes would have a “negative impact” on the U.S. economy.
January 25, 2011December Truck Tonnage Grows 4.2%
Truck tonnage rose 4.2% in December from a year ago to its highest level in more than two years, American Trucking Associations said.
January 25, 2011Carol Browner Departing as Obama Energy Adviser
Carol Browner, the Obama administration’s top adviser on energy and climate issues, plans to step down from her position, the Associated Press reported, citing White House officials.
January 25, 2011Swift’s Fourth-Quarter Loss Narrows
Swift Transportation Co., in its first public earnings statement since going public late last year, said its fourth-quarter net loss was less than that of a year earlier and that its operating revenue improved.
January 25, 2011Consumer Confidence Hits Eight-Month High
Consumer confidence hit its highest level in eight months in January, the New York-based Conference Board reported Tuesday.
January 25, 2011IMF Boosts World Economic Growth Projection
The International Monetary Fund boosted its forecast for global economic growth this year, reflecting stronger U.S. output based on tax-cut extensions and higher growth in emerging economies, Bloomberg reported Tuesday.
January 25, 2011Diesel Rises 2.3¢ to $3.43 a Gallon in Eighth Straight Gain
Diesel’s national average rose for the eighth consecutive week, gaining 2.3 cents to $3.43 a gallon, the Department of Energy said.
January 25, 2011CN’s Profit Falls in 4Q, Grows in Year
Canadian National Railway Co. said its fourth-quarter net income fell 13.6% to C$503 million, or C$1.08 per share, from C$582 million or $1.23 per share, a year earlier.
January 25, 2011