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October 18, 2002 - Industry News

U.S. House Passes Ports-To-Plains Trucking Corridor Bill

Plans for a major trade route that would cut through Amarillo, Texas, on its way from Mexico to Canada took an important step forward late last week as the U.S. House approved a bill to define the pat

Tags: Highways

October 18, 2002 - Industry News

International Halts Truck Production In Springfield

International Truck and Engine Corp. late last week temporarily halted production of medium-duty trucks at its Springfield, Ohio, assembly plant, idling 40% of the work force

October 18, 2002 - Industry News

Wright Express Receives Maine Investors Award

Wright Express has received the Maine Investors Award in recognition of the company's ongoing commitment to improving the Maine economy

October 18, 2002 - Industry News

Sirius Reaches Accord On $1.2 Billion Recapitalization

Sirius Satellite Radio has announced an agreement with holders of more than $1 billion of its debt and preferred stock, to convert all of its $700 million of debt and its $525 million of preferred stock into common stock

October 17, 2002 - Industry News

International Truck Plans To Close Heavy Truck Assembly Plant

International Truck and Engine Corp. has announced it will close its Chatham, Ont. assembly plant early next summer

October 17, 2002 - Industry News

Knight Announces Higher Revenue And Income

Knight Transportation, Phoenix, Ariz., announced revenue and income from operations and net income for the quarter and nine months ended Sept. 30

October 17, 2002 - Industry News

Marten Transport Net Income Rises 14.9% On Record Revenue

Marten Transport, Mondovi, Wis., reported record revenue of $74.7 million for the third quarter ended Sept. 30, compared with $70.8 million in the same period last year

October 17, 2002 - Industry News

Landstar System Reports Record Revenue And Earnings

Landstar System, Jacksonville, Fla., reported 2002 record third quarter net income of $13.9 million, or $.83 per diluted share, compared to net income of $11.9 million, or $.70 per diluted share, in the 2001 third quarter

October 17, 2002 - Industry News

Old Dominion Reports Record 3rd Quarter

Old Dominion Freight Line, Thomasville, N.C., announced financial results for the third quarter and first nine months of 2002

October 17, 2002 - Industry News

Heartland Announces Higher Revenues and Income

Heartland Express, Coralville, Iowa, announced financial results for the third quarter ended Sept. 30

October 17, 2002 - Industry News

XATA to Support Handhelds on Web Application

XATA Corp., Minneapolis, Minn., has announced its fleet management systems will soon support various handheld devices

October 17, 2002 - Industry News

USA Truck Announces Record Operating Revenues

USA Truck, Van Buren, Ark., announced record operating revenues, before fuel surcharge, of $70,651,305 for the quarter ended Sept. 30, 2002, an increase of 12.4% from $62,869,859 for the same quarter of 2001

October 17, 2002 - Industry News

Losses For Cannon Express Continue To Mount

Cannon Express, Springdale, Ark., Chief Executive Officer Bruce W. Jones this week announced the results of its 4th fiscal quarter and the 12 months of fiscal 2002 ended June 30, 2002

October 17, 2002 - Industry News

Werner Reports 4 Consecutive Quarters Of Higher Revenues, Earnings

Werner Enterprises, Omaha, Neb., reported higher operating revenues and earnings for the third quarter ended Sept. 30

October 17, 2002 - Industry News

Covenant Transport Announces Third Quarter Results

Covenant Transport, Chattanooga, Tenn., Inc. announced its financial and operating results for the third quarter ended Sept. 30, 2002

October 17, 2002 - Industry News

J. B. Hunt Reports Revenues And Record Earnings For 3rd Quarter

J. B. Hunt Transport Services Inc., Lowell, Ark., has announced third quarter 2002 net earnings of $16.8 million, or diluted earnings per share of 42 cent

October 17, 2002 - Industry News

Cummins Profits Up

Cummins Inc. reported third quarter profit of $39 million on sales of $1.65 billion. This compares to $3 million profit on sales of $1.41 billion for third quarter 2001

October 17, 2002 - Industry News

Cooper Tire Reports Earnings of 32 Cents Per Share

Cooper Tire & Rubber Co., Findlay, Ohio, has reported net income of $23 million, or earnings per share of 32 cents, for the quarter ended Sept. 30, 2002

October 17, 2002 - Industry News

SC Truckers Recognize Safest Fleets

The South Carolina Trucking Assn. has presented W. Lee Flowers & Co. Inc., a Lake City, S.C.-based trucking fleet, with the industry's top safety award

October 17, 2002 - Industry News

Rail Intermodal Volume Still Lagging

Rail intermodal volume registered a gain during the week ended Oct. 12 in comparison with the previous week, but was still down sharply from the corresponding week last year, as West Coast ports reopened late last wee

Tags: Intermodal

October 17, 2002 - Industry News

NATSO Names William Fay President

The National Assn. Of Truck Stop Operators (NATSO) has announced that William Fay will become president and CEO of the national trade association representing America's travel plazas and truckstops

October 17, 2002 - Industry News

Cummins Inc. Reports 3rd Quarter Earnings of $1 Per Share

Cummins Inc., Columbus, Ind., reported third quarter earnings of $1 per fully diluted share or $39 million profit after taxes, on sales of $1.65 billion

October 17, 2002 - Industry News

Industrial Production Slides; Home Starts Best In 16 Years

Industrial production in the United States fell for the second straight month in September, while housing starts posted their biggest gain in more than a decade

Tags: Economy

October 17, 2002 - Industry News

3 Trucking Groups Seek New State Registration System

Three transportation and trucking groups have joined in support of a draft legislative proposal that would eliminate the current Single State Registration System (SSRS) and replace it with a new system called Unified Carrier Registration (UCR)

October 16, 2002 - Industry News

Cummins Shares Fall 14% After S&P Cuts Debt Rating

Cummins Inc. shares fell 14% -- its biggest decline in four years -- after Standard & Poor's cut its debt ratings for the largest maker of heavy-duty diesel engines to junk status

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