Volvo Introduces I-Shift Transmission to Mexico
GUADALAJARA, Mexico — Volvo Trucks and one of its largest Mexican fleet customers announced that the carrier is the first to adopt Volvo’s I-Shift automated manual transmission in this country, which Volvo said is part of its strategy to boost its presence in the Mexican truck market.
November 13, 2013IWLA Hires DeHaan as CEO
The International Warehouse and Logistics Association named Steve DeHaan as its CEO.
November 13, 2013Activist Investor Loeb Acquires Stake in FedEx
Daniel Loeb, an activist investor who has advocated for major changes at companies such as Sony Corp. after investing in them, has taken a stake in parcel carrier FedEx Corp. through his Third Point hedge fund, Bloomberg News reported.
November 13, 2013Meritor Reports Higher 4Q Earnings
Truck component maker Meritor Inc. said its fiscal fourth-quarter earnings jumped from a year ago in part on the sale of its stake in Suspensys Sistemas Automotivos.
November 13, 2013Maersk Third-Quarter Profits Rise
Maersk Line reported that its third-quarter profit rose from a year ago, and its parent company A.P. Moller-Maersk raised its full-year forecast, Bloomberg News reported.
November 13, 2013YRC Reports $44.4 Million Loss
YRC Worldwide Inc. reported a $44.4 million loss, or $4.45 per share, in the third quarter, compared with net income of $3 million, or 40 cents per share, in the year-earlier period.
November 12, 2013Diesel Falls 2.5¢ to $3.832; Gasoline Drops to 3-Year Low
The average price of diesel fuel fell 2.5 cents to $3.832 a gallon, its lowest price in more than four months, as gasoline dropped to its lowest price since February 2011, the U.S. Department of Energy reported Nov. 12.
November 12, 2013FMCSA Considers Mexican Carrier for Cross-Border Program
The Federal Motor Carrier Administration is considering certification of the 15th carrier under the cross-border pilot program that allows Mexican trucking companies to run longhaul trips in the United States.
November 12, 2013Feds Seek Rule Changes to Help Military Veterans Become Truck Drivers
Federal truck safety officials said they plan to revise regulations in an effort to help veterans and military personnel more easily become civilian truck drivers.
November 12, 2013Arkansas Best Net Income More Than Doubles
Arkansas Best Corp. more than doubled third-quarter earnings to $14 million, or 52 cents per share, sparked by improved results at both the ABF Freight System less-than-truckload unit and other services.
November 12, 2013