Transport Topics
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Canada's biggest railroad reported a operating ratio of 53.8% for the quarter, and the gauge - which compares expenses with sales - may remain below 60% through 2016, Chief Financial Officer Luc Jobin said Oct. 27.
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Cummins Inc.'s third-quarter profit trailed analysts' estimates, and the company reduced its annual sales forecast because of weakening demand for its heavy-duty engines.
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Peterbilt Motors Co. announced a major truck sales agreement with Prime Inc., one of the nation's largest trucking companies.
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Declining tonnage and rising wage bills led regional less-than-truckload carrier Saia Inc. to a third quarter of diminished profitability and revenue.
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