Landstar’s 4Q Income Declines
Truckload carrier Landstar System said late Wednesday its fourth-quarter net income fell to $18.6 million, or 37 cents a share, from $24.6 million, or 47 cents, a year ago.
January 27, 2010Fed Holds Interest Rate at Record Low
The Federal Reserve voted for a 10th straight time Wednesday to keep a key U.S. interest rate at a record low “target range” of zero to 0.25%.
January 27, 2010New Home Sales Slip in December
New home sales fell 7.6% in December, the Commerce Department said Wednesday.
January 27, 2010Caterpillar’s Fourth-Quarter Profit Drops 65%
Heavy equipment and diesel engine maker Caterpillar Inc.’s fourth-quarter profit fell 65% to $232 million, or 36 cents a share, from $661 million, or $1.08, a year ago.
January 27, 2010Mich. Lawmakers Propose 40% Diesel Tax Increase
Michigan lawmakers have proposed a 6-cent increase in the state’s diesel tax to help pay for road improvements, the Associated Press reported.
January 27, 2010Marten’s 4Q Income Declines
Refrigerated truckload carrier Marten Transport’s fourth-quarter net income fell to $4.3 million, or 19 cents a share, from $5.8 million, or 27 cents, a year ago.
January 26, 2010DOT Sets Texting Ban on Commercial Truck, Bus Drivers
WASHINGTON — The Department of Transportation said Tuesday it was banning texting-while-driving by commercial truck and bus drivers.
January 26, 2010Iteris’ Income Decreases in Fiscal 3Q
Iteris Inc., which makes lane-departure warning systems for the trucking industry, said Thursday its fiscal third-quarter profit decreased from a year ago.
January 26, 2010CN Reports Higher 4Q Profit
Canadian National Railway Co. said its fourth-quarter net income rose to C$582 million, or $1.23 per share, from C$573 million or C$1.21 per share a year earlier.
January 26, 2010Consumer Confidence Hits 15-Month High
Consumer confidence rose this month to its highest level since September 2008, the New York-based Conference Board reported.
January 26, 2010