NHTSA Chief Nicole Nason to Step Down in August
Nicole Nason, administrator of the National Highway Traffic Safety Administration, told Transportation Secretary Mary Peters she plans to leave the agency in August, the Associated Press reported.
July 17, 2008Jobless Claims Increase for Week by 18,000
Initial jobless claims fell by 18,000 last week, the Labor Department said Thursday.
July 17, 2008VW Gains Final Approval for Scania Deal
Volkswagen AG said Thursday it has received final approval to gain a majority stake in Swedish truck maker Scania AB, which it plans to do next week, the Associated Press reported.
July 17, 2008ODFL Boosts 2Q, Full-Year Earnings Outlook
Old Dominion Freight Line on Wednesday raised its second-quarter and full-year earnings outlook, citing improved tonnage.
July 16, 2008CSX Reports Higher Second-Quarter Income
Eastern freight railroad CSX Corp. said its second-quarter net income rose 19% to $385 million, or 93 cents a share, from $324 million, or 71 cents, a year ago.
July 16, 2008June CPI Jumps 1.1%; Increase Is Biggest in 26 Years
Consumer prices jumped 1.1% in June, the biggest monthly increase in 26 years, the Labor Department said Wednesday.
July 16, 2008Industrial Production Gains 0.5%
Industrial production rose 0.5% in June, the Federal Reserve said Wednesday.
July 16, 2008Oil Drops $6 on Economic Concerns
Oil futures saw their biggest single-day drop in 17 years Tuesday, falling more than $6 to close the trading day at $138.74 a barrel, the Associated Press reported.
July 15, 2008J.B. Hunt’s 2Q Income Drops
Truckload carrier J.B. Hunt Transport Services’ second-quarter net income fell to $50.6 million, or 39 cents a share, from $63.9 million, or 45 cents, in the same period last year.
July 15, 2008Eaton Reports Higher 2Q Income, Trims Forecast
Vehicle parts manufacturer Eaton Corp. said Tuesday its second-quarter net earnings jumped 35% led by more acquisitions, but the company trimmed its earnings forecast for the year.
July 15, 2008