Volvo Reports Loss; Sees ‘Difficult’ 3Q
Volvo AB said Tuesday it lost $725 million, or 36 cents a share, more than analysts’ estimates, and said it was facing a “difficult” third quarter in light of lower truck sales, Bloomberg reported.
July 21, 2009Diesel Falls 4.6¢ to $2.496 in Fourth Straight Drop
Diesel fuel fell 4.6 cents to $2.496 a gallon, its fourth straight decline, the Department of Energy said.
July 21, 2009Caterpillar’s Profit Drops; Boosts ’09 Forecast
Heavy equipment and diesel engine maker Caterpillar Inc. said Tuesday its second-quarter profit fell by two-thirds, but boosted its full-year earnings forecast.
July 21, 2009Werner’s Second-Quarter Income Declines
Truckload carrier Werner Enterprises said its second-quarter profit fell to $12.7 million, or 18 cents per share, from $18.1 million, or 25 cents, a year ago.
July 21, 2009Forward Air’s 2Q Profit Falls
Forward Air Corp.’s second-quarter net income fell to $2.8 million, or 10 cents per share, compared with a profit of $12.1 million, or 42 cents, a year ago.
July 21, 2009Canadian National's 2Q Income Falls 16%
Canadian National Railway said late Monday its second-quarter net income fell 16% to C$387 million, or 82 cents a share, from C$459 million, or 95 cents, a year ago.
July 21, 2009Volvo Completes First 2010 Truck
Volvo Trucks North America said Monday that its first 2010-compliant truck has been driven off the assembly line.
July 20, 2009Dynamex USA President to Resign
Dynamex Inc. said that Catherine Taylor, president of Dynamex USA, will resign Aug. 15.
July 20, 2009Oklahoma to Raise Tolls 16% in August
Tolls on Oklahoma's turnpikes will increase by 16% beginning Aug. 4, the Associated Press reported.
July 20, 2009Eaton’s 2Q Profit Declines
Vehicle parts manufacturer Eaton Corp. said Monday its second-quarter profit fell 91% and that its full-year earnings would be less than previously forecast due to slowing demand in Europe.
July 20, 2009