Profits Decline at Most LTLs As Surcharges Lag Fuel Hikes
Most public less-than-truckload companies’ second-quarter profits fell as fleets were pounded by record diesel prices and flagging economic demand, but some executives said they thought the overall pricing environment had improved, or at least stabilized.
July 28, 2008Diesel Dips 4.6¢ to $4.718
The average price of retail diesel in the United States dipped 4.6 cents last week to $4.718 a gallon, the largest weekly drop in more than six months, the Department of Energy reported.
July 28, 2008Consumer Sentiment Index Rebounds in July
U.S. consumer confidence this month rose from a reading that was close to a 28-year low, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.
July 25, 2008Intermodal Volumes Fall for Week
Overall rail freight volumes rose for the week ended July 19, but intermodal traffic declined from year-ago levels, the Association of American Railroads said.
July 25, 2008New Home Sales Fall in June
New home sales fell 0.6% in June, the Commerce Department said Friday.
July 25, 2008Durable Orders Rise in June
Durable goods orders rose in June, the Commerce Department said Friday.
July 25, 2008Scania’s Net Income Soars on Robust Russian Sales
Swedish truck maker Scania AB’s second-quarter net income jumped 51% to about $505 million, or 63 cents a share, from last year's $333 million, or 42 cents, as truck sales in Russia boomed, Bloomberg reported Friday.
July 25, 2008YRC Reports Lower 2Q Profit
YRC Worldwide said late Thursday its second-quarter net earnings were $36.3 million, or 62 cents a share, down from a profit of $55.4 million, or 95 cents, a year ago.
July 24, 2008BNSF Reports Lower 2Q Income; Sets 25% Dividend Boost
Burlington Northern Santa Fe Corp. said Thursday its second-quarter profit fell to $350 million, or $1 a share, from $433 million, or $1.20, a year earlier.
July 24, 2008House Passes Bill to Boost Bridge Inspections
WASHINGTON — The House Thursday approved a bill that would require states to update their highway bridge inspection standards and perform annual inspections of structurally deficient bridges.
July 24, 2008