Navistar Posts $28 Million Loss in 3Q; Market Share Goal On Track, CEO Says
Truck maker Navistar International Corp. posted a fiscal third-quarter loss of $28 million, or 34 cents a share, on revenue that declined to $2.54 billion, with one-time charges last year and currently contributing to the relative downturn.
September 7, 2015August Class 8 Orders Tempered by Backlogs
New Class 8 truck orders in August fell 22% from a year earlier and 20% from the previous month, but analysts and truck makers said they remain confident about the overall strength of the market.
September 7, 2015Drivers, Fleets Embroiled In Lawsuits Over Wages
Six truckload carriers are alleged in separate lawsuits, brought by the same law firm, to have underpaid drivers. A settlement appears near in two cases, another may be shifted to an appeals court and the remaining three continue to work their way through district courts, according to documents.
September 7, 2015Judge Rejects Most Claims in Ohio Turnpike Lawsuit
A federal judge in Ohio has dismissed all but one of seven claims asserted in a legal challenge against a plan by the Ohio Turnpike to use $930 million in toll revenue to pay for nonturnpike highway and construction projects.
September 7, 2015Canadian Court Lets Stand 65 MPH Speed-Limiter Rule
The Ontario Court of Appeals let stand a 65-mile-per-hour speed-limiter rule in the Canadian province, despite expressing uncertainty about the effect it might have on highway safety.
September 4, 2015Pennington Honored With Paver at ATA's Capitol Hill Office
WASHINGTON — Longtime trucking industry advocate Mike Pennington was honored Sept. 3 with a commemorative paver on the rooftop terrace of American Trucking Associations’ Capitol Hill office.
September 4, 2015UTi Worldwide Loss More Than Triples as Revenue Dips
UTi Worldwide Inc.’s fiscal 2016 second-quarter loss more than tripled to $70.6 million, or 70 cents per share, reflecting a decline in revenue and profit margin in its forwarding and other supply chain businesses.
September 4, 2015Truck Speed-Limiter Rule Delayed for ‘Extended’ Review by White House
A proposed rule to require the installation and use of speed-limiting devices on heavy trucks has been delayed while it receives an “extended” review by the White House Office of Management and Budget.
September 4, 2015Trucking Adds 700 Jobs in August; America Considered Fully Employed
The trucking industry added 700 jobs in August as the unemployment rate declined to 5.1%, a level that is considered full employment, the Labor Department reported Sept. 4.
September 4, 2015The Simon Cos. Hires Rigby as CFO and COO
The Simon Cos. said it has hired Blake Rigby as chief financial officer and chief operating officer of its transportation, logistics and technology businesses.
September 4, 2015