Kansas City Southern Profit Shrinks in 2Q
Kansas City Southern said Thursday it earned $6.7 million, 7 cents a share, in its second quarter, compared with $50.2 million, or 56 cents, a year ago.
July 30, 2009Jobless Claims Rise for Week
Initial jobless claims rose last week but stayed below their late June level, the Labor Department said Thursday.
July 30, 2009House Votes to Replenish Highway Trust Fund
The House of Representatives voted to transfer $7 billion into the ailing Highway Trust Fund, a move leaders said was necessary to keep the fund solvent through the upcoming congressional recess.
July 30, 2009MAN’s Profit Plunges 95%
Substantial production cuts did not stop Germany-based truck maker MAN SE’s second-quarter profit from plummeting 95%, Bloomberg reported.
July 30, 2009Goodyear Takes 2Q Loss
Goodyear Tire & Rubber Co. said Thursday it lost $221 million in the second quarter as sales fell 25%.
July 30, 2009Canadian Pacific 2Q Income Grows on One-Time Charge
Canadian freight railroad Canadian Pacific’s second-quarter net income grew to C$157.3 ($145 million), or 93 Canadian cents a share, from $154.7 million ($142 million), or C$1 a share, a year ago.
July 30, 2009Oshkosh Narrows Loss in 3Q
Specialty truck maker Oshkosh Corp. said Thursday it lost $26.6 million, or 36 cents per share, in its fiscal third quarter, compared with a loss of $1.2 million, or $16.65, a year ago.
July 30, 2009Cummins’ Second-Quarter Profit Plunges
Diesel engine maker Cummins Inc. said Thursday its second-quarter profit plunged 81% due to sharply lower sales volumes.
July 30, 2009Fed ‘Beige Book’ Says Decline is Slowing, Transportation Still Weak
The Federal Reserve said Wednesday that almost all Federal Reserve districts are seeing the pace of economic recession slow down, but the transportation sector is still showing signs of weakness.
July 29, 2009Navistar Increases Truck Prices $6,000 to $8,000 for 2010 Engines
Navistar said that its exhaust gas recirculation technology will increase International truck prices by up to $8,000 for the 2010 model year.
July 29, 2009