ArvinMeritor Changes Name to Meritor Inc.
Vehicle parts supplier ArvinMeritor Inc. said it has changed its name to Meritor Inc., and separately lowered its second-quarter earnings outlook and said it was closing its European trailer axle business in July.
March 31, 2011Graves Tells Congressional Panel Trucking Needs Affordable Diesel Fuel
American Trucking Associations President Bill Graves told a House of Representatives panel Thursday that policymakers need to ensure the trucking industry has access to affordable diesel.
March 31, 2011MATS Equipment Vendors See Stronger Truck Market
LOUISVILLE, Ky. — Vendors at the Mid-America Trucking Show said that the growing U.S. economy will support a stronger truck equipment market this year and for the next few years, at least.
March 31, 2011February Factory Orders Dip 0.1%
Factory orders dipped 0.1% in February, a month after taking biggest gain in almost four and a half years, the Commerce Department said Thursday.
March 31, 2011Chicago Manufacturing Index Slips
Manufacturing activity in the Chicago region fell in March but showed continued expansion, the Institute for Supply Chain Management-Chicago said Thursday.
March 31, 2011Swift Predicts Lower 1Q Earnings
Swift Transportation Co. said March 29 that its first-quarter earnings will be 5 to 8 cents per share, due to bad weather and high fuel costs at the start of the year.
March 31, 2011Jobless Claims Decrease for Week
Initial jobless claims dropped by 6,000 last week, the Labor Department reported Thursday.
March 31, 2011Volvo to Boost Production at Virginia Truck Plant
Volvo Trucks North America said Wednesday it will bring back 700 workers to boost production at its heavy-duty truck plant in Virginia in order to meet increased demand.
March 30, 2011Oil Price Falls Following Report on Higher Inventories
Oil prices fell to near $104 a barrel Wednesday following a Department of Energy report showed that crude stockpiles jumped almost 3 million barrels last week, Bloomberg reported.
March 30, 2011USA Truck’s Chairman to Retire
Truckload carrier USA Truck said its chairman, Robert Powell, will retire in May and be succeeded by Terry Elliott, who has been a director at the company since 2003.
March 30, 2011