ArvinMeritor Posts $162 Million Quarterly Loss
Manufacturer ArvinMeritor Inc. said it lost $162 million in the April-to-June quarter, while also announcing last week it has found a buyer for its light-vehicle wheels business and has stepped up its marketing effort for truck disc and drum brakes ahead of the government’s new truck stopping-distance rule.
August 10, 2009SCR Engines May Emit Toxins, CARB Staffer’s Letter Warns
The selective catalytic reduction process that most engine manufacturers will use to comply with 2010 federal diesel emission standards could emit toxic byproducts, the California Air Resources Board’s top researcher wrote in a recent letter filed in federal court by Navistar Inc.
August 10, 2009Senate Panel Approves Measure Boosting Truck Weights in Maine
Several measures affecting trucking advanced in Congress recently as a key Senate committee ap-proved a bill to allow trucks weighing more than the federal limit on Interstate 95 in Maine, and a bill providing tax incentives for idle-reducing units was introduced in the House of Representatives.
August 10, 2009Diesel, Gas Prices Rise Again
U.S. retail fuel prices continued to rise last week, as the average cost of a gallon of diesel climbed 2.2 cents to $2.55 a gallon, while gasoline jumped 5.4 cents to $2.557, the second straight week of increases, the Department of Energy reported.
August 10, 2009FMCSA to Hold Strategy Forums This Month
The Federal Motor Carrier Safety Administration will hold two separate stakeholder forums in August to gather input on a new 2010-2015 Strategic Plan, the agency said in a Federal Register notice.
August 7, 2009Frozen Food Express Cites 2Q Loss
Refrigerated carrier Frozen Food Express Industries lost $5.2 million, or 30 cents a share, in the second quarter, compared with net income of $274,000, or 2 cents, a year ago.
August 7, 2009Unemployment Rate Falls to 9.4%
The U.S. unemployment rate for July unexpectedly fell to 9.4%, from 9.5% in June, the Labor Department said Friday.
August 7, 2009Opinion: Trucking and Lease Accounting Changes
The Financial Accounting Standards Board and its sister organization are working jointly on reviewing changes to the current U.S. Financial Accounting Standards 13 and International Accounting Standards 17 for leasing.
August 7, 2009Intermodal, Rail Traffic Drop for Week, Month
Intermodal rail traffic in the United States fell 16.1% last week compared with the same week last year, the Association of American Railroads said.
August 7, 2009Pacer Reports Second-Quarter Loss
Transportation and third-party logistics firm Pacer International said it lost $7.3 million, or 21 cents per share, compared with a profit of $13.4 million, or 39 cents, a year earlier.
August 6, 2009