Union Pacific Reports Higher 4Q Profit
Union Pacific Corp., the largest U.S. freight railroad by revenue, said Thursday its fourth-quarter net income rose to $491 million, or $1.86 per share, from $485 million, or $1.78, a year earlier.
January 24, 2008Trucking Stocks Rebound Sharply
Trucking and transportation stocks rose sharply Wednesday as the general stock market rebounded, news reports said.
January 24, 2008Letters to the Editor: HOS, Public Citizen, Fuel Prices, N.J. Turnpike, Fuel in New England
So, we were able to keep two important features of the hours-of-service rules in place — which should have been no surprise to any one.
January 24, 2008Railroads, Transport Union Reach Accord
U.S. freight railroads have reached a tentative contract with about 81,000 workers represented by the United Transportation Union, Bloomberg reported Thursday.
January 24, 2008Cummins to Add 500 Workers
Heavy-duty diesel engine maker Cummins Inc. said it will add about 500 professional employees, many of them engineers, over the next two years.
January 24, 2008Ford Takes $2.8 Billion Fourth-Quarter Loss
Ford Motor Co. said Thursday it lost $2.8 billion in the fourth quarter, an improvement from the same quarter a year ago, in which it lost twice that amount.
January 24, 2008Deutsche Post to Take $874 Million Charge on DHL
Germany-based Deutsche Post AG will write down the value of its DHL Americas unit by $874 million, Bloomberg reported Wednesday.
January 23, 2008Werner’s Fourth-Quarter Profit Falls
Truckload carrier Werner Enterprises said Wednesday its fourth-quarter net income fell 30% to $15.6 million or 22 cents a share, from $24 million or 31 cents a year earlier.
January 23, 2008Maine Suspends Some Weight Restrictions Due to Fuel Prices
Maine Gov. John Baldacci (D) signed a bill to temporarily allow trucks hauling forest products to exceed state weight limits by 5% in hopes of helping them offset high fuel prices, the Associated Press reported.
January 23, 2008Oklahoma to Begin Truck-Weighing Technology Program
Oklahoma officials are set to begin a $61 million project to build nine state-of-the-art inspection stations will improve highway safety and better enforce truck weight laws, the Associated Press reported.
January 23, 2008