Patriot’s Fiscal 1Q Earnings Decline
Tank and bulk carrier Patriot Transportation Holding’s fiscal first-quarter net income fell 23.5% to $1.34 million, or 43 cents per share, from $1.7 million, or 56 cents, a year ago.
February 3, 2010Daily Briefings from Transport Topics
Transport Topics has partnered with Spoken Layer to make one-minute daily briefings available on all your smart devices. Simply say “Alexa, play Transport Topics” or “Okay Google, talk to Transport Topics” to get the day’s biggest trucking headlines.
Ryder’s 4Q Income Declines
Ryder System’s fourth-quarter profit fell to $8.2 million, or 15 cents a share, from $10.6 million, or 19 cents, a year earlier.
February 3, 2010ISM Services Index Improves
The U.S. economy’s service sector improved in January for the first time in three months, the Institute for Supply Management said Wednesday.
February 3, 2010C.H. Robinson’s 4Q Profit Declines
Transportation and third-party logistics firm C.H. Robinson Worldwide reported a fourth-quarter profit of $87.7 million, or 52 cents a share, down slightly from $88.9 million, or 52 cents a share, a year ago.
February 2, 2010Obama Requests $78.8 Billion for DOT
The Department of Transportation would get an additional $2 billion next year if Congress approves the budget proposal made by President Obama on Monday.
February 2, 2010EPA Budget Drops $20 Million in Diesel Grants
The Obama Administration is asking Congress to approve a nearly $10 billion Environmental Protection Agency budget that would shift $20 million in California truck diesel emissions retrofit grant funding to a nationwide diesel emissions reduction program that also includes funding for rail and marine diesel emissions reduction projects.
February 2, 2010UPS’ 4Q Income Improves
UPS Inc. said its fourth-quarter profit about triple that of a year ago, rising to $757 million, or 75 cents per share.
February 2, 2010SEC Issues Climate-Change Guidance
The Securities and Exchange Commission for the first time has voted to provide public companies with guidance on disclosing business or legal risk related to climate change.
February 2, 2010ArvinMeritor Reports Improved Fiscal 1Q
Truck components maker ArvinMeritor Inc. said Tuesday its fiscal first-quarter was break-even, compared with loss of $961 million, or $13.29 a share, a year ago, which included $856 million in write-downs.
February 2, 2010Cummins’ Fourth-Quarter Profit Jumps to $270 Million
Diesel engine maker Cummins Inc. said Tuesday its profit jumped in the fourth quarter due in part to strong sales in China, India and Brazil.
February 2, 2010