Knight’s Third-Quarter Earnings Decline
Truckload carrier Knight Transportation’s third-quarter profit fell to $14.5 million or 17 cents a share, from $18.9 million or 22 cents a year ago.
October 18, 2007USA Truck’s 3Q Profit Plunges
Truckload carrier USA Truck said Thursday its third-quarter profit dropped to a near loss, due to a “challenging” freight environment.
October 18, 2007Leading Economic Indicators Rise 0.3%
An index of leading economic indicators rose 0.3% in September, the New York-based Conference Board said Thursday.
October 18, 2007Jobless Claims Rise 28,000 for Week
Initial jobless claims rose by 28,000 last week to 337,000, the Labor Department said Thursday.
October 18, 2007Fed ‘Beige Book’ Notes Mixed Trucking Activity
A report from the Federal Reserve’s regional banks suggested that economic activity continued to expand, although trucking’s outlook varied by region.
October 18, 2007Peters Asks Congress to Approve Mexican Truck Program
Transportation Secretary Mary Peters asked Congress Wednesday to reconsider its pending prohibition and let a cross-border trucking demonstration program between the United States and Mexico proceed.
October 17, 2007I-5 Tunnel Concerns Cited Following SoCal Crash
A chain-reaction crash on Interstate 5 that left three people dead was apparently caused when a trucker lost control emerging from the tunnel, and some truckers cited concerns with the tunnel’s configuration, the Los Angeles Times reported Wednesday.
October 17, 2007Oil Inventories Rise; Crude Tops $87 a Barrel
Inventories of crude oil, gasoline and distillate fuel all rose last week, the Energy Department reported Wednesday, following Tuesday’s closing-price crude oil record of more than $87 a barrel.
October 17, 2007Pa. I-80 Toll Plan Moves Forward
Pennsylvania officials have forwarded documents to Federal Highway Administration in a first step toward converting Interstate 80 to a toll road, the Pittsburgh Post-Gazette reported Wednesday.
October 17, 2007CSX’s Third-Quarter Income Rises
Eastern freight rail line CSX Corp.’s third-quarter earnings jumped 24% from a year earlier, the railroad said late Tuesday.
October 17, 2007