02 Feb Daimler Gains on Car, Bus Lines, But Truck-Making Lags Daimler AG had a strongly profitable fourth quarter to top off a year of modest improvements, but the growth came from the sale of Mercedes-Benz cars and buses, while the global truck division reported double-digit contractions in operating profit and revenue for both the quarter and the year. Read more...
02 Feb Aggressive Acquisitions Fed Roadrunner Woes Not long ago, Roadrunner Transportation Systems was speeding down the growth highway. Read more...
02 Feb Old Dominion Profits Drop But Company Optimistic Old Dominion Freight Line Inc. profits dropped 5.1% in the fourth quarter versus the year prior, earning $68.5 million during the three-month period, or 83 cents per share. Read more...
02 Feb Trac Introduces Lightweight Chassis for Houston Market Trac Intermodal introduced lighter marine chassis in Houston to assist trucking companies hauling heavy loads to comply with vehicle weight regulations on highways, the company announced Jan. 30. Read more...
02 Feb Ryder Profits Plunge 37%, Miss Forecasts by 44 Cents Ryder System Inc. profits plummeted 37% in the fourth quarter due to lower used truck sales and higher depreciation costs from lower used truck prices, ending the period significant worse than industry analysts had predicted. Read more...
02 Feb Sen. Fischer Unveils Infrastructure Funding Proposal Legislation that would transfer revenue into the federal Highway Trust Fund from U.S. Customs and Border Protection was unveiled this week by the top trucking authorizer in the Senate, a move aimed at addressing the country's outdated and deficient transportation network. Read more...
02 Feb Consumer Comfort Increases on Optimism About Economy American consumer sentiment climbed last week as views on the economy matched the highest level since 2007, according to figures in the Bloomberg Consumer Comfort Index released Feb 2. Read more...
02 Feb Productivity Gains Cooled Last Quarter; Labor Costs Rose Worker productivity in the United States cooled in the fourth quarter following the biggest jump in two years, resuming the weak efficiency gains that have plagued the expansion. Read more...
02 Feb Eaton Earnings Dip, Led by Vehicle Unit Eaton Corp. reported net income and revenue slipped for the fourth quarter and the full year as performance at its vehicle segment declined the sharpest. Read more...
02 Feb Filings for Jobless Benefits Fell to 246,000 Last Week Fewer Americans filed applications for unemployment benefits last week, marking 100 straight weeks of claims below 300,000. That's the longest streak since 1970 and indicates a healthy job market. Read more...