Ryder System said Wednesday its fourth-quarter profit fell to $10.6 million, or 19 cents a share, from $71.9 million, or $1.24, a year ago.
February 4, 2009BusinessTechnologyEquipmentSafetyLogistics
Descartes Buys Oceanwide’s Logistics Business
Descartes Systems Group said Thursday it acquired the logistics business of privately held Oceanwide Inc., in an all-cash transaction of about C$10.4 million ($8.4 million).
February 6, 2009BusinessEquipment
ArvinMeritor Reports Fiscal 1Q Loss
Truck components maker ArvinMeritor said Wednesday its fiscal first-quarter loss from continuing operations was $991 million, or $13.71 per share, compared with a loss of $1 million, or 1 cent, a year ago.
February 4, 2009BusinessEquipment
Express-1 Acquires 3PL First Class Expediting
Express-1 Inc., parent company of Express-1 Expedited Solutions, acquired First Class Expediting Services in a deal that may become a template for future acquisitions, Express-1’s chief financial officer said.
February 3, 2009GovernmentBusinessSafetyEquipment
Cummins’ 4Q, Full-Year Profit Declines
Diesel engine maker Cummins Inc. said Tuesday its fourth-quarter profit fell 55% from a year ago, due to declining demand.
February 3, 2009EquipmentBusinessFuelGovernmentTechnologySafety
Paccar Offers Aftermarket Particulate Filter
Paccar Inc.’s parts dealers are offering the company’s Engine Control Systems Purifilter, an aftermarket passively regenerating diesel particulate filter approved by the California Air Resources Board for installation and use in a wide variety of Class 8 trucks.
February 2, 2009BusinessTechnologyEquipmentSafety
Landstar’s 4Q Income Slips
Truckload carrier Landstar System’s fourth-quarter profit fell to $24.6 million, or 47 cents a share, from $29 million, or 54 cents, a year ago.
January 28, 2009BusinessSafetyGovernmentTechnologyEquipment
Storm System Leaves Icy Roads in Many States
A large storm system stretching from Arkansas into the Northeast has left roads with as much as three inches of ice in many areas, the Associated Press reported Wednesday.
January 28, 2009BusinessGovernmentEquipment
Eaton’s Fourth-Quarter Income Declines
Vehicle parts manufacturer Eaton Corp. said Monday its fourth-quarter profit fell to $163 million, or 98 cents per share, from $256 million, or $1.71, a year earlier.
January 26, 2009BusinessFuelEquipment
Cummins Emissions Unit Sets Partnership; Will Close Wisconsin Plant
Cummins Inc. unit Cummins Emission Solutions said it will partner with a technology company for 2010 engine controls and that it will close a Wisconsin plant.
January 21, 2009