Norfolk Southern Corp. said its second-quarter profit dropped 6%, but income from railway operations rose 7% to $934 million.
Norfolk Southern Corp. said its second-quarter profit dropped 6%, but income from railway operations rose 7% to $934 million.
Canada National Railway Co. reported higher second-quarter earnings and Canadian Pacific Railway Co. reported a drop.
The hours-of-service rules set to take effect next year for truck drivers will add a significant cost to the trucking industry without providing much of a benefit, American Trucking Associations said Tuesday in a court filing.
Paccar Inc. Tuesday reported its second-quarter profit rose 24% from a year ago, but warned that a slowing economy could crimp truck orders later this year.
UPS Inc. reported a higher second-quarter profit but cut its full-year earnings forecast, citing concern of a slowing global economy.
Volvo AB’s second-quarter adjusted earnings slipped 4.1%, as North American truck sales rose but orders fell, Bloomberg reported Tuesday.
Ryder System said its net earnings rose 14% to $46.7 million, or 91 cents per share, up from $40 million, or 77 cents from a year ago.
Commercial Vehicle Group’s second-quarter profit increased compared with a loss from last year, the auto components maker said.
Diesel rose for the third week in a row, rising 8.8 cents to $3.783, while gasoline also rose for a third week, the Department of Energy said Monday.
The Federal Motor Carrier Safety Administration will research how it could assign blame for truck crashes based on a carrier’s fault, and publish the results of its study in summer 2013, the agency said Monday.