Bill Offering Safety Tax Credit Praised
A bill introduced in the House of Representatives that would give trucking fleets a 50% tax credit for investing in safety technologies has won praise from transportation and safety officials, but they acknowledged the legislation likely faces an uphill battle.
October 24, 2007UAW Strikes International Plants
More than 4,000 United Auto Workers employees of International Truck and Engine Corp. went on strike late Tuesday, alleging unfair labor practices, the UAW said.
October 24, 2007SoCal Fires Close Part of Interstate 5
Interstate 5 in Southern California is closed in both directions near Camp Pendleton, as firefighters continue to battle ongoing blazes burning close to the freeway, the Associated Press reported.
October 24, 2007Ryder’s Third-Quarter Earnings Improve
Trucking and logistics firm Ryder System said Wednesday its third-quarter profit rose, as its supply chain unit showed improvement.
October 24, 2007TransForce Reports Lower Third-Quarter Earnings
Canadian transportation firm TransForce Income Fund said Wednesday its third-quarter earnings declined, due in part to a slowdown in truck volumes.
October 24, 2007Con-way’s 3Q Profit Declines
Con-way Inc. said late Tuesday its third-quarter net income fell to $39 million or 78 cents a share, from $64.8 million or $1.24 per share a year ago.
October 24, 2007Paccar Reports Lower 3Q Earnings; Boosts Dividend
Heavy-duty truck maker Paccar Inc. said Wednesday its third-quarter profit fell 25% on continued lower demand, but the company boosted its quarterly dividend.
October 24, 2007Volvo’s 3Q Operating Profit Improves
Truck maker Volvo AB’s earnings before interest and taxes were about $772 million, with its truck-unit operating profit rising 1%, Bloomberg reported Wednesday.
October 24, 2007Ryder’s Third-Quarter Earnings Improve
Trucking and logistics firm Ryder System said Wednesday its third-quarter profit rose, as its supply chain unit showed improvement.
October 24, 2007Norfolk Southern’s 3Q Earnings Decline
Eastern freight railroad Norfolk Southern Corp. said Wednesday its third-quarter earnings fell 7% to $386 million or 97 cents a share, from $416 million or $1.02 a year ago.
October 24, 2007