Truck tonnage rose 7.6% in June from a year ago, the seventh straight year-over-year increase, American Trucking Associations said Tuesday.
July 27, 2010GovernmentBusinessSafety
Six More States Act To Prohibit Indemnification Contracts
Florida and Louisiana are among six states this year to pass anti-indemnification laws that prohibit contractors from shifting insurance liabilities onto truckers.
July 27, 2010GovernmentBusiness
New Georgia Law Protects Truckers on Liability
As of this month, under a new Georgia law carriers in that state can no longer be forced to accept unwarranted insurance liability in order to get a special permit.
July 27, 2010Business
Daimler Returns to Profit in 2Q
Daimler AG said Tuesday that it earned $2.74 billion (2.1 billion euros) in the second quarter, matching a forecast from earlier in July, the Associated Press reported.
July 27, 2010GovernmentBusinessSafetyLogistics
Kansas City Southern’s 2Q Profit Improves
Kansas City Southern said it earned $34.6 million, or 34 cents a share, in its second quarter, compared with $6.5 million, or 7 cents, the previous year.
July 27, 2010BusinessGovernmentLogistics
Consumer Confidence Falls in July to 5-Month Low
Consumer confidence declined this month to its lowest level in five months, the New York-based Conference Board said Tuesday.
July 27, 2010Business
Wright Express Reports Drop in 2Q Profit
Wright Express Corp.’s second-quarter profit fell to $30 million, or 77 cents per share, compared with $93.2 million, or $2.36, a year ago.
July 27, 2010GovernmentBusiness
FMCSA Sends HOS Proposal to White House
The Federal Motor Carrier Safety Administration sent its proposal for a new hours-of-service rule to the White House Office of Management and Budget for review Monday, meeting the first of its court-appointed deadlines for issuing the rule.
July 27, 2010BusinessAutonomous
Paccar’s Second-Quarter Earnings Increase
Truck maker Paccar Inc.’s second-quarter profit rose to $99.6 million, or 27 cents a share, from $26.5 million, or 7 cents, a year ago, the company said.
July 27, 2010BusinessEquipment
Cummins’ Profit Jumps in 2Q
Cummins Inc. said Tuesday its second-quarter profit jumped to $245 million, or $1.25 a share, from $56 million, or 28 cents, a year ago.
July 27, 2010