Ericsson to Receive $5 Bln. to Run Sprint’s Networks
Sprint Nextel Corp., the third-largest U.S. wireless carrier, plans to pay Ericsson AB as much as $5 billion to manage its networks, offloading the expense of running its own systems.
July 20, 2009Class 8 Truck Sales Nosedive 31.2% in June
Heavy-duty U.S. retail truck sales continued to sag in June, leading to the most anemic first-half sales record in at least 20 years, according to the latest monthly survey by WardsAuto.com.
July 20, 2009Landstar’s 2Q Income Declines
Truckload carrier Landstar System said late Wednesday its second-quarter net income fell to $17.9 million, or 35 cents a share, from $29.8 million, or 56 cents, a year ago.
July 16, 2009Freightliner Unveils Natural Gas Truck
Freightliner Trucks has introduced its first natural gas-powered truck, the Freightliner Business Class M2 112 NG, the company said.
July 8, 2009Quiet Logistics Expands Kiva System Capacity
Third-party logistics firm Quiet Logistics has tripled the capacity in its Kiva Mobile Fulfillment System in less than six months, Kiva said.
July 7, 2009Eaton Combines Auto, Truck Units
Vehicle parts manufacturer Eaton Corp. said it is combining its auto and truck groups into one operating unit.
July 7, 2009Safeway Fleet Set to Fill Tires With Nitrogen
Grocery retailer Safeway Inc. said it will begin inflating its truck and trailer fleet tires with nitrogen instead of compressed air.
July 6, 2009Landstar Buys Two Supply Chain Companies
Landstar System said it has purchased two Michigan-based supply chain transportation firms that focus on transportation technology systems.
July 2, 2009ArvinMeritor Divests from Light-Chassis Ventures
Truck components maker ArvinMeritor Inc. said Monday it will sell one of its light-vehicle chassis businesses to a private equity firm, selling its Control Products North America to OpenGate Capital.
June 29, 2009Ryder Earns 3PL Cross-Border Security Certification
Ryder System said it has been certified as a third-party logistics provider in the Custom-Trade Partnership Against Terrorism program, an initiative that seeks to promote supply chain security and reduce border vulnerabilities.
June 24, 2009