Business
Business, Government, Fuel, Autonomous

Crude Oil Price Posts Biggest Gain Since September 2005

Crude oil futures posted their biggest one-day gain Tuesday since September 2005, rising on forecasts of continuing cold weather and expectations of a stronger U.S. economy, Bloomberg reported.

Transport Topics
January 30, 2007
Business

UPS Reports Fourth-Quarter Profit Topped $1.1 Billion

UPS Inc. reported its fourth-quarter net income rose 7.5% to $1.13 billion or $1.04 a share, up from $1.05 billion or 95 cents a year earlier.

Transport Topics
January 30, 2007
Business, Safety, Government

Con-way’s 4Q Income Improves on Vector Sale

Transportation firm Con-way Inc. earned $82.4 million or $1.66 a share in the fourth quarter, up from $49.9 million or 90 cents a year earlier.

Transport Topics
January 30, 2007
Business, Fuel, Government

Diesel Continues to Decline, Dipping 1.7 Cents to $2.413

The average retail price of diesel fuel fell 1.7 cents to $2.413 a gallon, the Energy Department reported Monday.

Transport Topics
January 30, 2007
Business, Government

Consumer Confidence Nears Five-Year High

U.S. consumer confidence approached a five-year high this month, the New York-based Conference Board reported Tuesday.

Transport Topics
January 30, 2007
Business, Autonomous

Paccar Reports Higher Income, Revenue for 4Q, 2006

Heavy-duty truck maker Paccar said Tuesday its fourth-quarter profit rose 22% to $380.5 million or $1.52 a share, from $312.9 million or $1.22 a year earlier.

Transport Topics
January 30, 2007
Business, Safety, Government

Performance Transportation Services Emerges From Chapter 11

Automobile carrier Performance Transportation Services said late Monday it emerged from its voluntary Chapter 11 bankruptcy proceeding.

Transport Topics
January 30, 2007
Business

U.S. Xpress’ Fourth-Quarter Income Dips; Full-Year Improves

Truckload carrier U.S. Xpress Enterprises reported its fourth-quarter net income fell to $6.4 million or 41 cents a share, from $7.1 million or 48 cents in the previous fourth quarter.

Transport Topics
January 30, 2007
Business

Navistar Unit Delays Filing Annual Report Amid Probe

Navistar International Corp., which has not filed financial results since September 2005, said its financcial unit will delay filing a 2006 annual report because of ongoing accounting problems, Bloomberg reported late Monday.

Transport Topics
January 30, 2007
Business, Equipment, Autonomous

ArvinMeritor’s Fiscal First-Quarter Earnings Decline

Components maker ArvinMeritor Inc. said its fiscal first-quarter earnings fell to $7 million or 10 cents a share, from $34 million or 49 cents a year earlier, as it said it faced challenges from the automotive, light-duty and heavy-duty truck segments.

Transport Topics
January 30, 2007

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