Oil Closes Week Below $129 a Barrel
Oil plunged more than $15 this week, finishing Friday’s trading below $129 a barrel, Bloomberg reported.
July 18, 2008Werner’s 2Q Income Declines
Truckload carrier Werner Enterprises’ second-quarter net income fell to $18.1 million, or 25 cents a share, from $22.3 million, or 30 cents, a year earlier.
July 18, 2008SIRVA Appoints Wes Lucas CEO
Moving company Sirva Inc. said it has appointed Wes Lucas its new chief executive officer, succeeding Robert Tieken, who the company said led it through its successful financial reorganization.
July 18, 2008Cummins to Acquire N.C. Engine Company
Diesel engine maker Cummins Inc. said Friday it concluded joint ventures with two companies and that it will purchase a stake in a North Carolina engine company, which will become a Cummins unit.
July 18, 2008Sterling to Cut Shift, Lay Off 720 Workers at Ontario Plant
Sterling Trucks plans to eliminate one of two shifts and lay off 720 workers in Ontario in November, the Canadian Press reported Thursday.
July 18, 2008Intermodal Traffic Falls for Week
Rail freight improved but intermodal traffic declined last week compared with a year ago, the Association of American Railroads said Thursday.
July 17, 2008Landstar’s 2Q Profit, Revenue Rise
Truckload carrier Landstar System said late Wednesday its second-quarter profit rose slightly, while revenue jumped 10%.
July 17, 2008USA Truck’s 2Q Earnings Improve
Truckload carrier USA Truck’s second-quarter profit rose to $2.1 million, or 21 cents per share, from $1.6 million, or 15 cents, a year ago.
July 17, 2008Philadelphia Manufacturing Index Declines
Manufacturing levels in the Philadelphia region showed contraction in July for the eighth straight month, the Federal Reserve Bank of Philadelphia said Thursday.
July 17, 2008Housing Starts Jump 9.1%; Single-Family Home Starts Lag
New housing starts surged in June led by more multifamily construction, but single-family home starts fell, the Commerce Department said Thursday.
July 17, 2008