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, 2009Business, Equipment
Eaton’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, 2009Business, Equipment
Truck 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, 2009Business, Technology, Equipment, Safety
Landstar 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, 2009Business, Technology, Equipment, Safety
Landstar’s Third-Quarter Profit Declines
Business, Equipment
Fleetsource 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, 2009Business, Equipment
Accuride 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, 2009Business, Government, Safety, Technology, Equipment
Quality Distribution Sells Tank-Wash Unit
Tank truck carrier Quality Distribution said it has sold tank wash unit Quala Systems for $13 million.
October 13, 2009Government, Business, Safety, Equipment
Court Rules for ArvinMeritor in Transmission Lawsuit
A federal court has ruled in favor of trucking supplier ArvinMeritor Inc. over Eaton Corp., in which ArvinMeritor had accused its competitor of violating antitrust law in the sale and marketing of heavy-duty truck transmissions.
October 9, 2009Business, Equipment
Accuride Files for Chapter 11 Bankruptcy
Accuride Corp., a manufacturer of steel and aluminum truck and trailer wheels, filed for Chapter 11 bankruptcy protection Thursday, Bloomberg reported.
October 8, 2009Business, Technology, Equipment, Safety
Onboard Systems Are Safe, Providers Say
Manufacturers of onboard communication systems for trucking defended their products’ safety, and some said that they can be used with minimal distraction from driving.
October 7, 2009