Canadian Railroads’ 4Q Earnings Decline
Canada’s two major freight railroads reported lower fourth-quarter earnings on lower freight demand.
January 27, 2009Consumer Confidence Reaches New Record Low
Consumer confidence fell to a new record low in January, the Conference Board said Tuesday.
January 27, 2009Leading Indicators Rise 0.3% in December
An index of leading economic indicators rose 0.3% in December, marking the first gain in six months, the New York-based Conference Board said Thursday.
January 26, 2009ATRI: ULSD Has More Energy Than Engineers First Expected
Ultra-low-sulfur diesel, the standard fuel of heavy-duty trucking since late 2006, has more energy content than engineers originally had expected, a welcome surprise, according to a study from the American Transportation Research Institute.
January 26, 2009Former ATA Chairman Kuntz Joins SkyBitz Board
Ray Kuntz, immediate past chairman of American Trucking Associations, has joined the board of directors at trailer tracking firm SkyBitz, the company said Monday.
January 26, 2009Eaton’s Fourth-Quarter Income Declines
Vehicle parts manufacturer Eaton Corp. said Monday its fourth-quarter profit fell to $163 million, or 98 cents per share, from $256 million, or $1.71, a year earlier.
January 26, 2009Obama Signs Order for EPA to Allow Stricter Auto Emissions Rules
President Obama Monday signed an order directing the Environmental Protection Agency approve a waiver for California and 13 other states to set stricter automobile emission and boost fuel efficiency standards.
January 26, 2009Existing Home Sales Rise in November
Existing homes sales increased 6.5% in November, while the median price of a home fell 15% from the same month last year, the biggest drop on record, the National Association of Realtors said Monday.
January 26, 2009Caterpillar’s 4Q Profit Drops; Plans to Cut 20,000 Jobs
Heavy equipment and diesel engine maker Caterpillar Inc. said Monday its fourth-quarter profit fell 32% and that it would cut 20,000 jobs worldwide.
January 26, 2009MAN AG Plans Production Suspensions
MAN AG, a German manufacturer of commercial vehicles, plans to suspend truck production for a total of 70 days in the first half of this year, Bloomberg reported.
January 26, 2009