ArvinMeritor Reports 3Q Loss; Will Sell Wheels Business
Truck components maker ArvinMeritor said Tuesday it lost $162 million, or $2.23 per share, in its fiscal third quarter, compared with a profit of $44 million, or 60 cents per share, a year ago.
August 4, 2009Stopping Short
There were no surprises in the new federal rule designed to improve the braking power of a standard, fully loaded, tractor-trailer by almost one-third.
August 3, 2009Rule Won’t Require Overhaul of Braking Systems, Experts Say
The National Highway Traffic Safety Administration’s decision to cut the maximum allowed stopping distance for large trucks by 30% will increase truck buyers’ costs somewhat, but will not force a widespread shift to new technology such as air disc brakes, industry groups and manufacturers said.
August 3, 2009Goodyear Takes 2Q Loss
Goodyear Tire & Rubber Co. said Thursday it lost $221 million in the second quarter as sales fell 25%.
July 30, 2009Cummins’ Second-Quarter Profit Plunges
Diesel engine maker Cummins Inc. said Thursday its second-quarter profit plunged 81% due to sharply lower sales volumes.
July 30, 2009Iteris’ Income Falls for Fiscal 1Q
Iteris Inc., which makes lane-departure warning systems for the trucking industry, said Thursday its fiscal first-quarter profit decreased from a year ago.
July 27, 2009Letters: Nitrogen in Tires, Brokers Revisited, Impossibly Low Rates, California Reefers, It’s All About Freight, Squeaky Wheels
In reference to the story, “Safeway Fleet Set to Fill Tires With Nitrogen,” which appeared July 6 on p. 8, I have been using nitrogen in my fleet since 2005. We have noticed that the tires stay at a constant pressure, and we have been able to get well over 250,000 miles out of our drive tires and 150,000 miles out of our steer tires.
July 27, 2009Ryder’s Second-Quarter Income Drops
Ryder System said Thursday its second-quarter profit fell to $22.9 million, or 41 cents a share, from $62.9 million, or $1.09, a year earlier.
July 23, 2009FedEx Expands Hybrid Fleet
FedEx Corp. said it has added 92 hybrid-electric trucks to its delivery fleet, the first standard FedEx delivery trucks converted to hybrid-electric systems.
July 21, 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