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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.

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.

January 23, 2007

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.

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.

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.

January 22, 2007

Navistar Finalizes $1.5 Billion Loan Agreement

Navistar International Corp. said Monday that it signed its previously announced $1.5 billion loan agreement.

January 22, 2007
Business, Government

Gasoline Prices Fall 14 Cents in Two Weeks, Lundberg Says

Average U.S. retail gasoline prices fell 14 cents over the past two weeks to $2.18 a gallon, according to the latest Lundberg survey of gasoline prices released Sunday.

January 22, 2007
Business, Technology, Equipment, Safety, Logistics

Technology Briefs — Jan. 17 - Jan. 22

Georgia Weigh Stations to Use PrePass • Purolator Selects Software System from Carrier Logistics • Iowa Plans Internet Kiosks at Rest Stops • President to Address Global Warming in Tuesday Speech

January 22, 2007
Business, Fuel, Autonomous

Volvo AB Unveils Hybrid Powertrain in Prototype Mack Truck

WASHINGTON — Volvo AB and Mack Trucks Inc. last week unveiled a hybrid prototype of a heavy-duty Mack construction truck and company officials said their diesel-electric power supply will cut fuel costs 30% for stop-and-go trucks and buses while running much cleaner.

Frederick Kiel | Staff Reporter
January 22, 2007
Business, Government, Fuel, Autonomous

Calif. Aims to Cut Emissions, Improve Four Freight Corridors

Trucks operating in California would be required to meet tighter emission standards under a plan proposed by Gov. Arnold Schwarzenegger (R) to spend $3.1 billion in bond money to improve four key freight corridors.

Andrea Fischer | Staff Reporter
January 22, 2007