Truckload carrier Landstar System said late Wednesday its second-quarter profit rose slightly, while revenue jumped 10%.
July 17, 2008BusinessEquipment
ArvinMeritor Reports Fiscal 3Q Profit
Vehicle component supplier ArvinMeritor earned $44 million, or 60 cents a share in the quarter ended June 30, compared with a loss of $70 million, or 99 cents, a year ago, the company said Tuesday.
July 29, 2008BusinessTechnologyEquipmentSafety
Kemp Promoted to President, COO of ABF Freight
Wesley Kemp was appointed president and chief operating officer of less-than-truckload carrier ABF Freight System, the company said.
July 28, 2008BusinessTechnologyEquipmentSafety
Ryder Reports Mixed 2Q Earnings
Ryder System Wednesday reported a second-quarter profit of $62.9 million, or $1.10 per share, compared with $65.1 million, or $1.07 per share, a year ago.
July 23, 2008BusinessEquipment
Cummins to Acquire N.C. Engine Company
Diesel engine maker Cummins Inc. said Friday it concluded joint ventures with two companies and that it will purchase a stake in a North Carolina engine company, which will become a Cummins unit.
July 18, 2008BusinessEquipment
Eaton Reports Higher 2Q Income, Trims Forecast
Vehicle parts manufacturer Eaton Corp. said Tuesday its second-quarter net earnings jumped 35% led by more acquisitions, but the company trimmed its earnings forecast for the year.
July 15, 2008BusinessEquipment
Cummins Boosting Dividend by 40%
Diesel engine maker Cummins Inc. said Tuesday it will boost its quarterly cash dividend by 40%, to 17.5 cents per share, from 12.5 cents per share.
July 8, 2008BusinessSafetyGovernmentTechnologyEquipment
Bendix to Offer Automatic Braking for Heavy-Duty Trucks in 4Q
WASHINGTON — Bendix Commercial Vehicle Systems LLC demonstrated here the automatic braking system for heavy-duty trucks it will offer starting in the fourth quarter.
July 7, 2008BusinessGovernmentTechnologyEquipmentSafety
Nokia Gets Antitrust Approval for Navteq Acquisition
Finnish mobile phone maker Nokia received European antitrust approval to complete its $8.1 billion purchase of Navteq Corp., a Chicago-based provider of digital maps for in-vehicle navigation systems.
July 3, 2008BusinessEquipmentSafety
ArvinMeritor to Acquire European Remanufacturer
Heavy-duty components maker ArvinMeritor Inc. said it will buy Trucktechnic, a Belgium-based remanufacturer and distributor of commercial vehicle disc and foundation brakes and components.
July 3, 2008