Cummins Income Dips; Company Boosts Outlook
Diesel engine maker Cummins Inc. said Thursday its second-quarter profit dipped 3%, though sales reached a record and the company sharply boosted its earnings guidance.
July 26, 2007Goodyear’s Second-Quarter Income Rises
Goodyear Tire & Rubber Co.’s second-quarter profit rose to $56 million or 26 cents a share, from $2 million or 1 cent last year.
July 26, 2007ArvinMeritor to Close Ontario Plant
Heavy-duty components maker ArvinMeritor said Wednesday it would close a truck parts assembly plant in Ontario, Canada, in November.
July 26, 2007Hill Says FMCSA to Begin Pilot Program of Compliance Review System Next Year
WASHINGTON — John Hill, head of the Federal Motor Carrier Safety Administration, said the agency expects to launch a pilot program of its overhauled compliance review and safety rating process during 2008.
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, 2007Pittsburgh Logistics Launches Truckload Van Service
Pittsburgh Logistics Systems said Monday that its freight division has begun to offer truckload van service for general commodities, in addition to its flatbed service.
July 23, 2007Officials Say APU Technology Not Ready to Meet Planned Calif. Regulation
June Truck Sales Plunge 57.9%
Class 8 June truck sales plummeted by 57.9% from a year ago to the lowest level since March 2003, when the last sales bust after a regulation-induced pre-buy was ending.
July 23, 2007Landstar’s 2Q Profit Rises
Truckload carrier Landstar System said Thursday its second-quarter net income rose to $29.7 million or 53 cents a share, from $29.5 million or 50 cents a year ago.
July 19, 2007Pennsylvania Gov. Rendell Signs Transportation Measure
Pennsylvania Gov. Ed. Rendell (D) signed a bill into law Wednesday to put nearly $1 billion on average in annual funding for the state’s roads, bridges and public transit systems.
July 18, 2007