Oct. 29, 2010 at 12:33 p.m.
Filed under:
Manufacturing,
Transportation,
Travel
By Reuters
A Caterpillar worker ties down a machine part to a flatbed rail car with steel banding. (David Klobucar/Chicago Tribune)
Caterpillar Inc., a U.S. heavy equipment maker that has been moving aggressively into the rail business, will announce plans on Friday to open a railcar facility in Indiana, the (Muncie) Star Press newspaper reported on Friday.
Citing unnamed sources, the paper said Caterpillar’s Progress Rail unit would take over a huge vacant factory in Muncie that has doors in the rear that allow trains to enter and exit.
The report did not say whether the plant would be used to service locomotives and other railroad rolling stock or to manufacture new equipment. It said the facility, in east-central Indiana, would eventually employ 650 workers. Get the full story »
Oct. 19, 2010 at 4:02 p.m.
Filed under:
Earnings,
Transportation
By Reuters
Freight management company Hub Group Inc. posted a quarterly profit that beat market estimates, helped by strong growth at its intermodal segment. Get the full story »
Oct. 4, 2010 at 9:57 a.m.
Filed under:
Economy,
Government,
Manufacturing
By Reuters
New orders received by U.S. factories fell by 0.5 percent in August, resuming a downtrend as demand for transportation equipment declined sharply, according to a Commerce Department report on Monday.
Total orders fell to a seasonally adjusted $408.9 billion after an upwardly revised 0.5 percent increase in July and a 0.6 percent fall in June. Economists surveyed by Reuters had forecast a decline of 0.4 percent in August. Get the full story »
