Ryder System said Wednesday its first-quarter profit fell 88% and that it was suspending earnings forecasts for future quarters due to the uncertain economy.
April 22, 2009Business, Technology, Equipment, Safety
Ryder’s 1Q Income Plunges 88%
Government, Business, Technology, Equipment, Safety
Hino Posts $628 Million Loss on Pension Charges
Hino Motors Ltd., Japan’s largest heavy-duty truck maker, had a wider-than-expected annual loss because of falling sales and one-time costs from a change in its pension system, Bloomberg reported Tuesday.
April 21, 2009Business, Equipment
Eaton Posts $52 Million First-Quarter Loss
Vehicle parts manufacturer Eaton Corp. said Monday it lost $52 million on the first quarter as sales slumped.
April 20, 2009Editorial, Business, Equipment
Raising the Bar on Service
A few more customers may be peeking into the showroom, but buying volume continues to limp along near 25-year lows, according to the latest report on Class 8 truck sales.
April 20, 2009Business, Technology, Equipment, Safety
Landstar’s First-Quarter Income Declines
Truckload carrier Landstar System said its first-quarter net income fell to $13.9 million, or 27 cents a share, from $23.7 million, or 45 cents, a year ago.
April 16, 2009Business, Equipment
ArvinMeritor Says Cuts Have Saved $430 Million
Truck components maker ArvinMeritor said Monday it has saved about $430 million on an annual basis in cost-reduction measures taken since October.
April 13, 2009Fuel, Business, Equipment
Federal Researchers Confirm Claims Single Wide Tires Boost Fuel Economy
Federal researchers said they have confirmed manufacturers’ claims that single wide tires can boost a truck’s fuel economy, but one tire expert said they may not be suitable for every fleet.
April 13, 2009Business, Equipment
Cadec Gets $4 Mln. Funding Boost From Thule
Cadec Global, which offers fleet management services, said it has received an additional $4 million in funding from Thule Investments that will be applied to support further growth.
April 13, 2009Business, Government, Equipment, Technology, Safety
Sterling Truck Corp. Closes After 11 Years
Sterling Truck Corp. officially ended its 11-year life span last month when the last Class 8 rolled off the St. Thomas, Ontario, assembly line, part of a final order for ABF Freight System Inc.
April 13, 2009Business, Safety, Government, Technology, Equipment
Massachusetts Weighs Transportation Reform
The Massachusetts House of Representatives has joined the Senate in approving a reform plan for the state’s transportation system.
April 10, 2009