Rich Freeland to Head Cummins’ Engine Business
Cummins Inc. named Rich Freeland to be the next president of its engine business, succeeding Jim Kelly, who the company said Tuesday will step down from that position early next year.
December 17, 2009FedEx’s 2Q Earning Drop 30%
FedEx Corp. said Thursday its second-quarter profit fell 30% to $345 million, or $1.10 per share, from $493 million, or $1.58, a year ago.
December 17, 2009Roadrunner Transportation Acquires Bullet Freight Systems
Roadrunner Transportation Services Holdings Inc. said it bought less-than-truckload carrier Bullet Freight Systems Inc. on Dec. 14 to expand its services in the western United States.
December 17, 2009FMCSA Begins New Entrant Safety Enforcement
The Federal Motor Carrier Safety Administration has begun enforcing its New Entrant Safety Assurance Process rule, requiring stricter safety standards for newly registered truck and bus companies.
December 17, 2009Philadelphia Factory Index Hits Highest Level Since 2005
Manufacturing levels in the Philadelphia expanded at the fastest pace in more than four and a half years, the Federal Reserve Bank of Philadelphia said Thursday.
December 17, 2009Leading Economic Indicators Rise for Eighth Month
An index of leading economic indicators improved for an eighth straight month in November, the New York-based Conference Board said Thursday.
December 17, 2009Initial Jobless Claims Increase
Initial jobless claims rose last week, the Labor Department reported Thursday.
December 17, 2009Fed Again Holds Key Interest Rate at Record Low Near Zero
The Federal Reserve voted for the ninth straight time Wednesday to keep a key U.S. interest rate at a record low “target range” of zero to 0.25%.
December 16, 2009Port of L.A. to Allow Some Extensions for Older Trucks
The Port of Los Angeles said Wednesday it will allow a limited number of truckers to continue operating their existing trucks past a Jan. 1 deadline for cleaner trucks.
December 16, 2009Schneider Completes Intermodal Container Conversion
Schneider National said Wednesday its intermodal division has completed a three-year conversion project replacing its mixed trailer/container fleet to an all-container fleet.
December 16, 2009