Rail and intermodal traffic declined last week compared with the same week a year ago, the Association of American Railroads said.
October 31, 2008BusinessEquipment
Cummins鈥 Third-Quarter Profit Rises 24%
Diesel engine maker Cummins Inc. said Friday its third-quarter profit jumped 24% on stronger international sales, but the company lowered its full-year sales outlook.
October 31, 2008BusinessGovernment
Consumer Sentiment Index Shows Record Decline
U.S. consumer confidence fell this month in the largest decline since data began in 1978, according to the Reuters/University of Michigan鈥檚 final monthly consumer sentiment index, released Friday.
October 31, 2008GovernmentBusiness
Personal Spending Falls in September
Consumer personal spending dropped 0.3% in September, the biggest drop in four years, the Commerce Department said Friday.
October 31, 2008GovernmentBusinessSafetyLogistics
NTSB Adds EOBRs to 鈥楳ost Wanted鈥 List
The National Transportation Safety Board has added mandatory use of electronic onboard recorders to its annual list of 鈥渕ost wanted鈥 safety reforms.
October 31, 2008BusinessSafetyGovernment
NAFTA Surface Trade Rises 4.5%
Surface trade among the United States, Canada and Mexico rose 4.5% in August from the same month last year, though both truck and rail imports declined, the Department of Transportation said Thursday.
October 30, 2008GovernmentBusinessSafetyFuelLogistics
Maritime Commission to Challenge SoCal Ports鈥 Trucks Program
The Federal Maritime Commission voted to seek a court order to stop parts of the southern California ports of Los Angeles and Long Beach鈥檚 clean trucks program, the Associated Press reported.
October 30, 2008Business
Exxon Mobil Posts Largest Quarterly Profit on Record
Exxon Mobil Corp. broke its own record for the largest quarterly profit by a U.S. company Thursday, reporting its third-quarter net income jumped 58% to $14.8 billion, or $2.86 per share, up from $9.41 billion, or $1.70, a year earlier.
October 30, 2008Business
Wright Express鈥 3Q Earnings Rise
Wright Express Corp.聽earned $72.3 million, or $1.82 a share, in the third quarter, up from $22.3 million, or 55 cents, the previous year.
October 30, 2008Business
Ritchie Bros. Reports Drop in 3Q Income
Ritchie Bros. Auctioneers said it earned $11.9 million, or 11 cents per share, in the third quarter, down from $14.9 million, or 14 cents, a year ago.
October 30, 2008