Business
Business, Fuel, Government

Crude Oil Price Rises, Topping $55 a Barrel

Crude oil prices surged more than $2 a barrel Tuesday after Energy Secretary Samuel Bodman said President Bush plans to double the size of the U.S. Strategic Petroleum Reserve by 2027, Bloomberg reported.

Transport Topics
January 23, 2007
Business

Werner’s Fourth Quarter Income, Revenue Dip

Truckload carrier Werner Enterprises’ fourth-quarter profit fell 16% to $24 million or 31 cents a share, from $28.8 million or 36 cents a year earlier.

Transport Topics
January 23, 2007
Business, Fuel, Government

Diesel Dips 3.3 Cents to $2.43; Gasoline Falls to $2.165

The average price of retail diesel fuel fell 3.3 cents to $2.43 a gallon, the Department of Energy said Monday.

Transport Topics
January 23, 2007
Business

BNSF Reports Higher Income, Revenue for 4Q, Year

Burlington Northern Santa Fe Corp.’s fourth-quarter profit jumped 21% to $519 million or $1.42 a share, from $430 million or $1.13 a year earlier, the railroad said Tuesday.

Transport Topics
January 23, 2007
Business, Logistics

CSX Reports Improved Fourth-Quarter Income, Revenue

Eastern freight railroad CSX Corp. reported fourth-quarter earnings of $347 million or 75 cents a share, up from $237 million or 52 cents a year earlier.

Transport Topics
January 23, 2007
Business, Autonomous

Analysts See Downturn in 4Q Trucking Company Earnings

Analysts expect mostly lackluster fourth-quarter earnings from trucking companies, since the industry's annual peak season never materialized and demand further waned amid a general economic slowdown, the Associated Press reported.

Transport Topics
January 23, 2007
Business, Logistics

Union Pacific, Norfolk Southern Set Expanded Intermodal Service

Freight railroads Union Pacific Railroad and Norfolk Southern Railway said Tuesday that they will launch a new intermodal train service in February that will add rail capacity and expand intermodal rail service between Los Angeles and the Southeast.

Transport Topics
January 23, 2007
Business

Covenant Transport Expects to Report Fourth-Quarter Loss

Truckload carrier Covenant Transport said it expects to report a net loss between 5 cents and 10 cents a share for the fourth quarter.

Transport Topics
January 22, 2007
Business, Equipment

Eaton’s Earnings Rise 15% for Fourth Quarter

Vehicle parts manufacturer Eaton Corp. said Monday that its fourth-quarter earnings rose nearly 15% from a year ago.

Transport Topics
January 22, 2007
Business, Safety, Government

Swift Founder Jerry Moyes to Buy Company for $2.74 Billion

Swift Transportation Co. agreed late Friday to be acquired by company founder Jerry Moyes for $31.55 a share, or about $2.74 billion, the company said.

Transport Topics
January 22, 2007

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