Truck components maker ArvinMeritor said Tuesday it lost $162 million, or $2.23 per share, in its fiscal third quarter, compared with a profit of $44 million, or 60 cents per share, a year ago.
August 4, 2009Search
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UPS Broadens Technology For Shipping eBay Sales
UPS Inc. said that all U.S.-based sellers on eBay now have a direct, free connection from within that site to the UPS WorldShip system.
August 24, 2009Fleet Size Rises 1% in 2Q, Report Says
The number of Class 8 vehicles operating in the United States totaled 3.641 million units in the second quarter, an increase of less than 1% over the same quarter in 2008, transportation research firm R.L. Polk & Co. said.
August 24, 2009Eaton Gets $45 Million Grant to Provide Plug-in Hybrid Systems for Class 5 Trucks
Truck component maker Eaton Corp. said that it would provide the electric power systems for 378 Class 5 electric hybrid plug-in vehicles under a federal grant, which it called the 鈥渓argest commercial hybrid deployment鈥 ever.
August 24, 2009July Truck Sales Fall 32.9%
U.S. Class 8 retail sales fell for the seventh consecutive month 鈥 this time by 32.9%, WardsAuto.com reported, and a market forecaster predicted that no substantial change is likely until the second half of next year.
August 24, 2009Rural Highway System Is Vital to Commerce, S.D. Trucking Executive Tells Senate Panel
Future U.S. economic vitality depends on an adequately funded rural road system that can accommodate heavier trucks, a South Dakota trucking company president told a Senate committee last week.
August 17, 2009Accuride Reports 2Q Loss on Soft Demand
Commercial vehicle component maker Accuride Corp. said it lost $36.1 million, or $1 per share, in the second quarter, compared with a profit of $3.4 million, or 10 cents, a year ago.
August 13, 2009ArvinMeritor Posts $162 Million Quarterly Loss
Manufacturer ArvinMeritor Inc. said it lost $162 million in the April-to-June quarter, while also announcing last week it has found a buyer for its light-vehicle wheels business and has stepped up its marketing effort for truck disc and drum brakes ahead of the government鈥檚 new truck stopping-distance rule.
August 10, 2009DOT Targets Distractions
WASHINGTON 鈥 Transportation Secretary Ray LaHood an-nounced last week he will take steps to try to further curb distracting driving activities such as text messaging or using a cell phone or a Global Positioning System device.
August 10, 2009Stopping Short
There were no surprises in the new federal rule designed to improve the braking power of a standard, fully loaded, tractor-trailer by almost one-third.
August 3, 2009