UPS Reports 4Q Profit; Revenue Slips
UPS Inc. said Tuesday it earned $254 million, or 25 cents per share, in the fourth quarter, though its revenue declined and it warned this year would be difficult in light of the struggling economy.
February 3, 2009Best Trucking Accounting Software 2024
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Senate GOP Blocks Additional $25 Billion for Highways
Senate Republicans Tuesday blocked a proposal to add billions of dollars of highway and mass transit funding to the economic stimulus bill continuing to shape, the Associated Press reported.
February 3, 2009Wal-Mart Receives Prototype Hybrid from ArvinMeritor
ArvinMeritor Inc. said Tuesday that it has presented Wal-Mart Stores Inc. with a prototype heavy-duty truck equipped with the first Meritor diesel-electric drivetrain.
February 3, 2009Diesel Drops 2.2¢ to $2.246
Diesel fuel’s national average price fell 2.2 cents to $2.246 a gallon, the lowest in more than three and a half years, the Department of Energy said Monday.
February 3, 2009Covenant Reports Loss for 4Q, Year
Covenant Transportation Group said Tuesday it lost $39.8 million, or $2.83 per share, compared with a profit of $176 million or 1 cent, a year ago.
February 3, 2009Cummins’ 4Q, Full-Year Profit Declines
Diesel engine maker Cummins Inc. said Tuesday its fourth-quarter profit fell 55% from a year ago, due to declining demand.
February 3, 2009Maryland Approves Truck Toll Increase
The Maryland Transportation Authority has approved increased truck tolls its seven toll facilities, the Associated Press reported.
February 3, 2009EPA Grants Calif. Request to Enforce Reefer Emissions Rule
California environmental regulators said last week the U.S. Environmental Protection Agency has granted the state a waiver that will allow enforcement of its regulation requiring emission-control retrofits on refrigerated trucks and trailers.
February 3, 2009Scania’s 4Q Profit Declines
Swedish truck maker Scania AB’s fourth-quarter net income fell to about $180 million, or 23 cents a share in the first quarterly earnings drop in more than three years, Bloomberg reported.
February 3, 2009Carrier Logistics Offers Fleets Web-Based Software Product
Carrier Logistics Inc., a software provider focused on less-than-truckload carriers and logistics companies, said that it rolled out a Web-based, pay-as-you-go version of its FACTS freight management software.
February 3, 2009