Expeditors Releases 2Q Earnings Guidance
Logistics firm Expeditors International of Washington said Monday its second-quarter earnings will likely be 24 cents to 26 cents per share, down from 32 cents a year ago.
July 13, 2009Navistar Says Final 2010 Engine Testing on Track
Navistar International Corp. said Monday that it is on track with final testing of its exhaust gas recirculation MaxxForce engines to meet 2010 emissions standards.
July 13, 2009Letters: Factor vs. Bank, Highway Reauthorization
In normal financial times, banks usually turn down 95% of all loan requests. During today’s difficult times, banks are just not making loans — especially to new clients. So, what should you do: Give up, or go the route that can keep your business prospering and even growing?
July 13, 2009Trucking’s Safety Emphasis Pays Off
At a time when good news in the trucking industry is hard to come by, the National Highway Traffic Safety Administration served up a generous helping of it last week when it said that truck-related highway fatalities plummeted 12% last year.
July 13, 2009Credit Activity Showing Positive Signs, Say Daimler, Navistar Finance Units
Truck finance executives said recent credit activity indicates financial improvement in trucking, although they saw no signs of a truck sales recovery, while separately, market researcher R.L. Polk & Co. said new truck registrations are likely to hit bottom this year.
July 13, 2009EU Imposes Tariffs on U.S. Biodiesel Fuel
The European Union last week imposed tariffs on biodiesel imported from the United States to counter low prices it said were caused by subsidies, but a spokesman for the U.S. Trade Representative denied subsidies were the main reason for the growth of U.S. sales in Europe and that the United States would review the tariffs “closely.”
July 13, 2009Freightliner Unveils Tractors Powered by Natural Gas
Freightliner Trucks introduced its first natural gas-powered tractor this month, and it will offer natural gas-powered vehicles in 90% of its truck applications by 2010.
July 13, 2009Don’t Ignore NTSB Suggestions, Nominee Hersman Tells Congress
WASHINGTON — Debbie Hersman, President Obama’s choice to lead the National Transportation Safety Board, told a Senate committee that other transportation agencies should voluntarily adopt the board’s recommendations, and if they don’t, Congress should order them to.
July 13, 2009Truck Fatalities Fall 12%
Truck-related highway fatalities plummeted 12% in 2008 to 4,229, the lowest total since the federal government began keeping records, the National Highway Traffic Safety Administration said.
July 13, 2009Analysts Upbeat on Economy Despite Job Losses in June
Trucking fleets continued to shed jobs for the 14th consecutive month in June as total U.S. unemployment rose, but experts said economic and freight indicators finally appear to be heading in the right direction.
July 13, 2009