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, 2009BusinessEquipment
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, 2009EditorialBusinessEquipment
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, 2009BusinessEquipment
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, 2009FuelBusinessEquipment
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, 2009BusinessEquipment
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, 2009BusinessGovernmentEquipmentTechnologySafety
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, 2009BusinessSafetyGovernmentTechnologyEquipment
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, 2009BusinessTechnologyEquipmentSafety
Ryder Lowers 1Q Outlook
Ryder System Wednesday cut its first-quarter forecast, saying the ongoing recession has hurt its freight volumes and reduced demand.
April 8, 2009BusinessTechnologyEquipmentSafety
Iteris Buys Hamilton Signal Assets
Iteris Inc., which makes lane-departure warning systems for the trucking industry, said Tuesday it acquired assets from Hamilton Signal including its Abacus system. Terms were not disclosed.
April 7, 2009