Truckload carrier Heartland Express said its second-quarter profit declined 20% to $19.8 million or 20 cents a share, from $24.8 million or 25 cents a year ago.
July 20, 2007BusinessEquipment
June Truck Sales Plunge 57.9%
Class 8 June truck sales plummeted by 57.9% from a year ago to the lowest level since March 2003, when the last sales bust after a regulation-induced pre-buy was ending.
July 23, 2007Business
Con-way to Purchase CFI
Less-than-truckload carrier Con-way Inc. launched a major foray into the truckload sector by reaching an agreement last week to buy Contract Freighters Inc. for $750 million in cash.
July 23, 2007GovernmentBusinessSafety
Court Rejects Hours-of-Service Rule
A federal appeals court last week struck down key provisions of the government鈥檚 latest commercial driver work rules, the second time in three years the court has rejected attempts to rewrite the original, 68-year-old regulations.
July 23, 2007FuelBusinessGovernment
Diesel Price Rises 4垄 to $2.889
The average U.S. retail price for diesel fuel reached its highest level since September last week after rising 4 cents to $2.889 a gallon, the Department of Energy reported.
July 23, 2007Business
Caterpillar鈥檚 2Q Earnings Fall; Revenue Hits Record
Heavy equipment and diesel engine manufacturer Caterpillar Inc. said Friday its second-quarter profit plunged 21%, though sales reached a record.
July 20, 2007Business
USA Truck Reports Lower 2Q Earnings
Truckload carrier USA Truck reported its second-quarter profit fell 63% on lower freight demand, declining to $1.6 million or 15 cents a share, from $4.4 million or 38 cents a year ago.
July 20, 2007BusinessFuel
Oil Closes Near $76 a Barrel
Crude oil briefly touched $76 a barrel for the first time in 11 months before closing just below that level on Thursday, the Associated Press reported.
July 19, 2007BusinessGovernment
Deal Reached on N.Y.C. Traffic Fees
New York state leaders reached agreement Thursday with New York City on a plan to put 鈥渃ongestion fees鈥 on cars and trucks operating in the center of Manhattan, the Associated Press reported.
July 19, 2007BusinessGovernment
Philadelphia Factory Index Declines
Manufacturing growth in the Philadelphia area slowed in July, the Federal Reserve Bank of Philadelphia said.
July 19, 2007