Iteris’ Income Falls for Fiscal 2Q
Iteris Inc., which makes lane-departure warning systems for the trucking industry, said Thursday its fiscal second-quarter profit decreased from a year ago.
October 22, 2009Ryder’s Third-Quarter Income Declines
Ryder System said Thursday its third-quarter profit fell to $24 million, or 43 cents a share, from $70.2 million, or $1.24, a year earlier.
October 22, 2009Company Awarded FMCSA Contract to Screen Drivers
NIC Technologies LLC said Tuesday it has been awarded the contract to oversee the Federal Motor Carrier Safety Administration’s pre-employment screening system for truck and bus drivers.
October 20, 2009N.Y. Governor Wants to Regulate GPS Use in Trucking
New York Gov. David Paterson (D) is calling for a state law that would require truckers using global positioning system devices to use only ones containing truck route information.
October 20, 2009Eaton’s Third-Quarter Profit Falls
Vehicle parts manufacturer Eaton Corp. said Monday its third-quarter profit fell 39% but exceeded the company’s forecast.
October 19, 2009Truck Sales Continue Slide
U.S. Class 8 truck sales continued to slide during September, with truck makers recording 28.7% fewer deals than they completed in the corresponding month last year, according to data supplied by WardsAuto.com.
October 19, 2009Landstar Says Profit Drops, But Freight Is Improving
Landstar System Inc., the fifth-largest truckload carrier, last week reported a 39% drop in net income to $20.1 million from the same quarter of 2008.
October 19, 2009Landstar’s Third-Quarter Profit Declines
Truckload carrier Landstar System said late Wednesday its third-quarter net income declined to $20.1 million, or 39 cents a share, from $32.8 million, or 62 cents, a year ago.
October 14, 2009Fleetsource Buys Dover Diesel Service
Fleetsource LLC, which provides products and services to the medium- and heavy-duty truck fleets, said it acquired Dover Diesel Service, one of the largest independent Caterpillar and Cummins service dealers and parts providers in New Jersey.
October 13, 2009Accuride Approved for $25 Million Bankruptcy Loan
Accuride Corp. has received approval to immediately borrow up to $25 million on a bankruptcy loan to continue operations, Bloomberg reported.
October 13, 2009