Navistar Seeks to Reprice $1 Billion Loan
Navistar International Corp. announced that, subject to market conditions, the company and its wholly-owned subsidiary Navistar Inc. are seeking to reprice Navistar Inc.'s existing approximately $1 billion senior secured term loan under Navistar Inc.'s Senior Secured Term Loan Credit Facility.
February 2, 2017Daimler 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.
February 2, 2017Aggressive Acquisitions Fed Roadrunner Woes
Not long ago, Roadrunner Transportation Systems was speeding down the growth highway.
February 2, 2017Old 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.
February 2, 2017Rail Industry Urges Flexible Regulatory Structure at Senate Hearing
A leading railroad association urged balance Feb. 1 during a hearing on how overregulation could stifle economic growth.
February 2, 2017Ryder 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.
February 2, 2017Sen. 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was unveiled this week by the top trucking authorizer in the Senate, a move aimed at addressing the country’s outdated and deficient transportation network.
February 2, 2017Trac 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.
February 2, 2017Eaton 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.
February 2, 2017Arconic Posts Fourth-Quarter Net Loss, Flat Revenue
Aluminum parts supplier Arconic Inc. reported a net loss and flat revenue for the fourth quarter and similar results for the full-year period as the company began to operate as a stand-alone entity.
February 2, 2017