Truck components maker ArvinMeritor said it lost $52 million, or 72 cents per share, in its fiscal second quarter, compared with a profit of $24 million, or 33 cents per share, a year ago.
May 6, 2009Search
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Two Auto Haulers to Merge
The sluggish automobile industry has led Jack Cooper Transport Co., an automobile carrier for General Motors Corp., to merge with another car hauling company, the Kansas City Star reported.
May 22, 2009
Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Fleets See Longer Tire Life with Monitoring Systems
Trucking fleets and tire makers said increased use of tire-pressure monitoring systems and automatic inflation systems is saving lives and money.
May 25, 2009Volvo Backs Use of Longer, Heavier Trucks
BOSTON — Volvo Trucks joined the argument over allowing longer, heavier trucks on U.S. highways, saying Congress should allow them on the interstate system to relieve congestion, increase productivity, conserve fuel and cut greenhouse gas emissions.
May 18, 2009Penske Truck Leasing Hires CEI Group
Penske Truck Leasing Co. has retained accident management firm CEI Group to expand its capabilities for dealing with collision and claims repairs at its 16 North American collision repair centers, Penske said May 4.
May 12, 2009Executive Cites Factors Affecting Trucking, Class 8 Sales
SAN DIEGO — A “perfect storm†of a weak economy, high fuel prices and governmental missteps have led to a 70% drop in new-truck sales in North America, according to Jim Hebe, senior vice president of North American sales for Navistar.
May 12, 2009R.I. Begins Construction of Replacement Highway Bridge
Rhode Island transportation officials said construction has begun on one of two bridges so deteriorated that trucks are limited to 18 tons and two axles.
May 11, 2009Tumbling Prices for Commodities Fail to Bring Relief to Truck Buyers
Prices of most key commodities used in making heavy trucks have dropped 50% or more since last year, but price reductions for tires, components and trucks have been difficult to find.
May 11, 2009Dana Reports First-Quarter Loss
Truck axle and frame maker Dana Holding Corp. posted a first-quarter loss of $157 million, Bloomberg reported.
May 7, 2009Slumping Sales Lead to Lower Earnings For Truck Makers in North America
Weak Class 8 truck sales around the world led to plunging revenue and either losses or vastly diminished first-quarter profits for three of the four major heavy-duty truck manufacturers and both independent engine makers operating in North America.
May 4, 2009