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, 2009Search
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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, 2009Cummins 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, 2009Eaton Plans 5,200 More Job Cuts
Components maker Eaton Corp. said it plans to cut 5,200 jobs worldwide following its 3,400 job cuts last year, due to lower demand, Bloomberg reported Wednesday.
January 21, 2009Continued Growth of Multi-mode Transport Spurs Information Technology Systems
The information systems that support intermodal trucking companies are much like the business of intermodalism itself: complex, multi-headed and increasingly important to motor carriers.
January 19, 2009Anything Trucker Creates Online LTL Load Board
Anything Trucker, an Internet retailer of truck and trailer accessories, said Jan. 5 it had launched the Freight Auction Network for less-than-truckload carriers.
January 16, 2009Cummins to Cut 800 Jobs Worldwide; Freeze Salaries
Diesel engine maker Cummins Inc. said Tuesday it will cut at least 800 jobs worldwide by the end of February and will freeze salaries for the year in response to deteriorating economic conditions.
January 13, 2009Snow System Moving East; Roads in Several States To Be Affected
Weather forecasters posted winter storm warnings across the Northern Plains Monday, as a cold system threatened the region as it moved south and east, the Associated Press reported.
January 12, 2009EPA Warns of Possible Dioxins In Cummins’ 2010 SCR System
The Environmental Protection Agency said it is concerned that emissions systems using a copper compound that engine maker Cummins Inc. will use in 2010 models could generate “likely human carcinogen” dioxins, in which case it would “likely not certify” the systems.
January 12, 2009States’ Stimulus Plans Differ From Obama’s
Plans by some states for spending on new highways may undermine the planned economic stimulus, which would focus on existing roads and new transit systems, Bloomberg reported.
January 7, 2009