Cummins Reports Higher 3Q Profit, Boosts Outlook
Cummins Inc. reported higher third-quarter income on a strong North American market, and the company boosted its revenue outlook for the full year.
October 28, 2014Saia’s Third Quarter Income Rises
Less-than-truckload carrier Saia Inc. reported third-quarter net income increased as tonnage and shipments rose.
October 28, 2014P.A.M. Reports Third-Quarter Profit
P.A.M. Transportation Services reported third-quarter net income of $5 million, or 63 cents per share, from $2.4 million, or 28 cents, the prior year.
October 28, 2014Savannah Surges as Mighty Gate for Imports on US Growth
Blueberries from Chile, Peru and Brazil may soon be heading toward U.S. tables via Savannah, Georgia, opening another shipping market in the city’s emergence as a major trade hub.
October 28, 2014Consumer Confidence Rose to Seven-Year High in October
Confidence among U.S. consumers rose in October to a seven-year high as gasoline prices dropped and the job market improved.
October 28, 2014Durable Goods Orders Decrease for Second Month
Orders for durable goods dropped unexpectedly in September, falling for a second month, on waning demand for machinery and computers that signals companies are reluctant to invest in updating equipment.
October 28, 2014Diesel Drops to 3½-Year-Low $3.635 a Gallon
Diesel’s national average retail price fell 2.1 cents to $3.635 a gallon, the lowest price in 3½ years, the Department of Energy reported Oct. 27.
October 27, 2014Celadon Acquires A&S Services Group
Celadon Group has acquired A&S Services Group, a regional for-hire and dedicated truckload carrier, for $55 million.
October 27, 2014Neovia Logistics to Be Acquired by Goldman Sachs
Neovia Logistics, the former logistics arm of Caterpillar Inc., will be purchased by Rhone Capital, an investment arm of Goldman Sachs Group, company officials said.
October 27, 2014Los Angeles Delays Hit Sales as No. 1 US Port Suffers
After years of ending the holiday shopping season with too much merchandise stacked in their warehouses, U.S. retailers face the opposite this year: They may not have enough.
October 27, 2014