Intermodal Volume Rises 8.2% in Second Quarter
Intermodal volume in the second quarter rose 8.2%, an indication the industry is recovering from a harsh winter and a contracted economy, according to the Intermodal Association of North America.
August 5, 2014Ritchie Bros. Profit Rises to $38.6 Million
Ritchie Bros. Auctioneers’ second-quarter profit increased from a year ago in part on favorable tax rate and strong sales in Canada, according to a company statement.
August 5, 2014Westport Posts 2Q Loss, But Ships More Nat-Gas Truck Engines in North America
Westport Innovations reported a second-quarter loss but said it shipped more natural-gas engines for the North American trucking market through its joint venture with Cummins Inc.
August 5, 2014Deutsche Post Earnings Beat Estimates on Parcel Business
Deutsche Post AG’s second-quarter profit beat analysts’ estimates as the German parcel business and international express unit of Europe’s largest postal company expanded.
August 5, 2014Diesel Dips Half-Cent to $3.853
The average price of diesel fuel in the U.S. dipped a half-cent to $3.853 a gallon, its fifth consecutive decline, the Department of Energy reported Aug. 4.
August 5, 2014Factory Orders Rise 1.1% in June
Factory orders increased 1.1% in June, the biggest gain in three months, the Commerce Department reported Aug. 5.
August 5, 2014Service Industries Expand at Fastest Pace Since 2005
Service industries in the U.S. expanded in July at the fastest pace since December 2005, showing the economy was building more momentum at the start of the second half of 2014.
August 5, 2014Federal Court Orders Mediation in Pilot Flying J Cases
A Kentucky federal district court judge has ordered mediation in a slate of motor-carrier fraud lawsuits filed against Pilot Flying J.
August 4, 2014Miami Port Opens Tunnel to Ease Truck Traffic
A billion-dollar underwater tunnel that will give trucks leaving the port of Miami faster access to highways opened to the public Aug. 3, according to local reports.
August 4, 2014China Turning to Natural Gas as Means of Reducing Greenhouse-Gas Emissions
Powering vehicles with natural gas, a cleaner alternative to diesel fuel and gasoline, is catching on faster in China than in any other nation as President Xi Jinping seeks to reduce smog.
August 4, 2014