Business

Daimler AG said Tuesday it lost $1.68 billion in the first quarter, compared with a profit of $1.73 billion a year ago, the Associated Press reported.

Covenant Transportation Group said Tuesday it lost $5.5 million, or 39 cents per share, in the first quarter, compared with a loss of $7.8 million, or 56 cents, a year ago.

American Trucking Associations has reminded motor carriers of the actions they should take to prepare for a possible influenza pandemic in light of the swine flu outbreak.

OXON HILL, Md. — The sale of used North American trucks to overseas markets may once again become a useful technique for maximizing revenue for sellers, industry executives said, but for now the recession has caused even that market to decline.

Truckload carrier Celadon Group lost $2.1 million, or 10 cents a share, in its fiscal third-quarter, compared with a profit of $100,000, or 1 cent, a year ago.

Cargo theft continues to be a problem for the freight transportation industry and could cause insurance premiums to increase, two experts said.

The international swine flu outbreak may complicate resolution of the cross-border trucking dispute with Mexico, Reuters reported Monday.

Universal Truckload Services said its net income plunged 95.8% to $100,000, or 1 cent per share, from $3.3 million, 21 cents, a year ago.

Navistar International Corp. said Monday that it has received total hybrid vehicle certification from the California Air Resources Board, becoming the first truck and bus manufacturer to do so.