Existing Home Sales Fall 2.6% in June
Existing homes sales fell in June to the lowest level in a decade, the National Association of Realtors said Thursday.
July 24, 2008Hub Group Reports Higher 2Q Earnings
Third-party logistics company and freight broker Hub Group’s second-quarter net income rose to $15 million, or 40 cents a share, from $13.8 million, or 35 cents, a year ago.
July 24, 2008Union Pacific’s 2Q Profit Jumps 19%
Union Pacific Corp. said Thursday its second-quarter profit rose 19%, on higher demand for agricultural transportation.
July 24, 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, 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, 2008NHTSA 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, 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, 2008Port of Los Angeles Opens Third TWIC Signup Center
To boost lagging enrollments in the Transportation Worker Identification Credential program at Southern California ports, the Port of Los Angeles has opened a new enrollment center close to the adjacent Port of Long Beach.
July 15, 2008