Opinion: How to Prevent Cargo Theft
Fed ‘Beige Book’ Gives Trucking Mixed Report
The Federal Reserve gave a generally positive assessment of the U.S. economy, with mixed reports on the health of the trucking industry.
July 25, 2007Volvo’s Second-Quarter Earnings Plunge
Truck maker Volvo AB posted its biggest profit decline in 18 months after stricter emissions rules caused U.S. truck sales to plunge 54%, Bloomberg reported Wednesday.
July 25, 2007Ryder’s 2Q Profit Dips 7%
Ryder System said Wednesday its second-quarter profit dipped 7% to $65.3 million or $1.07 a share, from $70.3 million or $1.13 a year ago.
July 25, 2007Arkansas Best’s 2Q Profit Falls
Arkansas Best Corp. said Wednesday its second-quarter net income fell to $19.6 million or 78 cents a share, from $29 million or $1.13 a year ago.
July 25, 2007House Vote Blocks Mexican Trucks Plan
The House voted late Tuesday to block the Bush administration’s planned Mexican trucks program, limiting visiting trucks to the current border-area zone, Bloomberg reported.
July 25, 2007Covenant Reports 2Q Loss
Covenant Transportation Group said Wednesday it lost $11.3 million or 80 cents a share, compared with a loss of $398,000 or 3 cents a year earlier.
July 25, 2007Court Issues Split Ruling on Drivers’ Hours of Service Rule
A federal court issued a split ruling Tuesday on the government’s rules governing truck driver hours of service, rejecting a petition by a group representing owner-operators but granting a separate request by a public safety advocate group.
July 25, 2007Norfolk Southern’s 2Q Income Improves
Eastern freight railroad Norfolk Southern Corp. said Wednesday its second-quarter earnings grew 5% to $394 million or 98 cents a share, from $375 million or 89 cents a year ago.
July 25, 2007C.H. Robinson’s 2Q Income Jumps 24%
Transportation and logistics firm C.H. Robinson Worldwide’s second-quarter profit jumped 24% to $82.3 million or 47 cents a share, from $66.6 million or 38 cents a year ago.
July 25, 2007