CN’s Fourth-Quarter Profit Rises
Canadian National Railway Co. said its fourth-quarter net income rose C$833 million or C$1.68 per share, from C$499 million or 95 cents per share a year earlier.
January 23, 2008Norfolk Southern’s 4Q Profit Improves
Eastern freight rail line Norfolk Southern Corp.’s fourth-quarter profit rose 3.6% and the railroad increased its dividend, the company said late Tuesday.
January 23, 2008Diesel Drops 5.6¢ to $3.27
The average national price of diesel fuel fell for a second straight week, dropping 5.6 cents to $3.27 a gallon, the Department of Energy said Tuesday.
January 22, 2008Descartes Acquires Fluensee’s MobiTrac
Canadian Logistics software provider Descartes Systems Group said it has acquired Fluensee Inc.’s MobiTrac fleet management business.
January 22, 2008CSX Reports 4Q Profit Gain
Eastern freight rail line CSX Corp. said Tuesday its fourth-quarter earnings rose more than 5% from a year earlier, to $365 million or 86 cents a share, from $347 million or 75 cents a year earlier.
January 22, 2008Panel Urges Infrastructure Overhaul
WASHINGTON — In a controversial report calling for huge new spending on the national transportation system, a congressional commission last week made several recommendations that would affect trucking, including new flexibility in the federal driver hours-of-service rule in congestion-prone areas.
January 21, 2008FedEx Says It Cuts Some LTL Delivery Times
FedEx Corp. said its less-than-truckload unit, FedEx Freight, improved its service in key U.S. markets, and that its FedEx National LTL unit now provides long-haul shippers with improved on-time service.
January 17, 2008Minneapolis Bridge Collapse Linked to Design Flaw
A design flaw in steel plates contributed to the collapse of a bridge in Minneapolis last year that killed 13 people and injured more than 100, Bloomberg reported Tuesday, citing the National Transportation Safety Board.
January 16, 2008Diesel Drops a Nickel to $3.326
The national average price of retail diesel fuel declined 5 cents to $3.326 a gallon, the Department of Energy said Monday.
January 15, 2008Roundabouts Replacing Some Intersections in N.Y. State
New York state transportation planners are turning more right-angle intersections into roundabouts, which are derided by many but proven in a national study to be safer than some intersections with stop signs or traffic signals, the Associated Press reported.
January 15, 2008