Volvo’s Earnings Improve; Truck Orders Drop
Volvo AB said Wednesday its second-quarter earnings jumped 28%, as rising sales in Europe overcame a downturn in North America, Bloomberg reported.
July 23, 2008House OKs Additional Highway Funding
The House approved a bill by a lopsided margin Wednesday that would restore $8 billion to the federal Highway Trust Fund to avert an expected revenue shortfall in the coming fiscal year.
July 23, 2008Fed ‘Beige Book’ Cites Difficult Economy
U.S. economic activity remained generally weak in June and early July, and several regions reported trucking companies were having a hard time recouping higher costs, the Federal Reserve said Wednesday.
July 23, 2008Senate Committee Approves Amendment Aimed at Halting Mexico Trucking Program
The Senate Appropriations Committee approved an amendment to the Department of Transportation’s fiscal 2009 budget aimed at halting the U.S.-Mexico trucking pilot program.
July 23, 2008Arkansas Best’s 2Q Income Declines
Arkansas Best Corp. said Wednesday its second-quarter profit fell 17% to $16.2 million, or 64 cents a share, from $19.6 million, or 78 cents, a year ago.
July 23, 2008Letters to the Editor: Adding Truck Weight, Carrier Failures, Peters on Gas Tax
The EPA has mandated equipment on our trucks, which adds weight. Why not allow the carriers the chance to recoup the payload?
July 23, 2008Vitran Reports Lower 2Q Income
Vitran Corp. said Wednesday its second-quarter profit fell 16% to $4.6 million, or 34 cents a share, from $5.5 million, or 41 cents, a year earlier.
July 23, 2008Norfolk Southern’s 2Q Income Rises 15%
Eastern freight railroad Norfolk Southern Corp. said its second-quarter profit rose 15%, as higher revenue per shipment offset an overall drop in traffic and record fuel prices.
July 23, 2008C.H. Robinson’s 2Q Profit Improves
Transportation and third-party logistics firm C.H. Robinson Worldwide said its second-quarter profit rose to $90.4 million, or 52 cents a share, from $82.3 million, or 47 cents, a year ago.
July 22, 2008Diesel Falls 4.6¢ to $4.718 a Gallon
Diesel fuel’s national average pump price fell by the most in six months, dropping 4.6 cents to $4.718 a gallon, the Department of Energy reported.
July 22, 2008