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Bruce Harmon/Trans Pixs |  | FedEx Cuts 4Q Outlook | FedEx Corp. said late Friday it is cutting its fiscal fourth-quarter earnings guidance, blaming a steep increase in fuel costs. |
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| LATEST
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Oil futures jumped for a fifth straight day Friday, shooting past $126 a barrel for the first time and closing the week near that level on the New York Mercantile Exchange, the Associated Press reported. |
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President Bush declared next week “National Transportation Week” and next Saturday to be “National Defense Transportation Day,” the White House said Friday. |
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The U.S. trade deficit narrowed in March, as imports dropped by the most in more than six years, the, the Commerce Department said Friday. |
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American Trucking Associations and a group of trucking companies Thursday launched a program of initiatives to move the trucking industry toward a more sustainable future, which includes steps to reduce carbon dioxide emissions from heavy trucks. |
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Rail intermodal traffic fell 3.7% for the week ended Saturday compared with the same week last year, the Association of American Railroads said.
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Truck dealership Rush Enterprises said Thursday it has acquired Peterbilt Carolina, which includes a Peterbilt, Hino and Isuzu heavy- and medium-duty truck dealership.
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PRINT
EDITION: PAGE ONE
Week of May 5, 2008
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March Freight Dips; First Decline Since October A report that truck tonnage declined in March provided new evidence that the U.S. economy is still weak, amid more signs that manufacturing and consumer spending will generate less freight for trucking to move in months to come. |
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Complex Engines Can Help Dealer Profits, ATD Says GRAPEVINE, Texas — The increasing complexity of diesel engines represents a major opportunity for profitability in dealership maintenance shops, said the departing chairman of American Truck Dealers. |
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Diesel Rises 3.4¢ to $4.177 U.S. retail diesel prices set a record for the third consecutive week as the national average rose 3.4 cents a gallon to $4.177, according to data from the Department of Energy. |
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Payrolls Decline Less Than Forecast
The U.S. lost fewer jobs than forecast in April, and the unemployment rate dropped, signaling that the economic slowdown may be milder than the 2001 recession, Bloomberg News reported. |
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Fuel Prices Sap Truck Demand
Sales at Ford Motor Co. and General Motors Corp. fell in April as record U.S. gasoline prices drove consumers to Toyota Motor Corp.'s fuel-efficient cars and away from big trucks and sport-utility vehicles, Bloomberg News reported. |
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GM Posts First-Quarter Loss
General Motors Corp. reported a $3.3 billion first-quarter loss last week, due in part to a weak U.S. market, a strike at a major parts supplier and plummeting sales of sport utility vehicles and pickup trucks, the Associated Press reported. |
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Cummins Earnings Increase
Diesel engine maker Cummins Inc.’ said its first-quarter profit jumped 33% to $190 million, or 97 cents a share, from $143 million, or 71 cents, a year ago. |
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Oil Hits Record, Nears $120 Barrel
Crude oil prices hit an all-time record on Monday at $119.93 a barrel in pre-market electronic trading on the New York Mercantile Exchange, the Associated Press reported. |
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Light & Medium Truck News
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R. L. Polk & Co.
The industry’s only fact-based source for Commercial Vehicle
Information.
www.polk.com |
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