Union Pacific’s 4Q Profit Jumps 35%
Union Pacific Corp. said Thursday its fourth-quarter profit rose 35% to $661 million, or $1.31 per share, from $491 million, or 93 cents per share, last year.
January 22, 2009Diesel Drops 1.8¢ to $2.296 a Gallon
After rising for the first time in three months last week, retail diesel resumed its downward trend, falling 1.8 cents to $2.296 a gallon while gasoline rose for the third straight week, the Department of Energy said Wednesday.
January 22, 2009Jobless Claims Rise for Week
Initial jobless claims rose last week by 62,000 claims, to 589,000 for the week ended Saturday, the Labor Department said Thursday.
January 22, 2009Senate Panel Approves LaHood as DOT Secretary
A Senate panel Wednesday approved Ray LaHood to be Secretary of Transportation, passing his nomination by President Obama to the full Senate, the New York Times reported.
January 22, 2009UPS Survey Shows Small Businesses Optimistic About Future
A survey sponsored by UPS Inc. shows that small business owners are optimistic about the financial future, despite harsh economic times, the company said Wednesday.
January 21, 2009Cummins Emissions Unit Sets Partnership; Will Close Wisconsin Plant
Cummins Inc. unit Cummins Emission Solutions said it will partner with a technology company for 2010 engine controls and that it will close a Wisconsin plant.
January 21, 2009Eaton Plans 5,200 More Job Cuts
Components maker Eaton Corp. said it plans to cut 5,200 jobs worldwide following its 3,400 job cuts last year, due to lower demand, Bloomberg reported Wednesday.
January 21, 2009CSX’s Fourth-Quarter Income Slips
CSX Corp. said its fourth-quarter profit fell from a year ago, largely due to a non-transportation-related writedown.
January 21, 2009Obama Mentions Roads in Inaugural Address
President Barack Obama made a passing mention of roads in his inaugural address Tuesday.
January 21, 2009EPA Won’t Delay 2010 Engine Rule
A top U.S. Environmental Protection Agency official said last week that the agency has “absolutely no intention” of granting the request by truck and engine manufacturer Navistar Inc. for a two-year delay in implementing 2010 federal diesel emission standards for new heavy trucks.
January 19, 2009