Volvo AB held estimates for North American and European truck markets this year as sales growth helped boost its fourth-quarter operating profit 26%, Bloomberg reported.
February 6, 2012Search
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Gasoline Prices Seen Rising Higher by May
Gasoline prices could jump by 60 cents or more by May, USA Today reported Monday, citing fuel analysts.
February 6, 2012Brink’s Posts Lower 4Q Profit
Armored vehicle transportation company Brink’s said its fourth-quarter profit declined from a year ago while its full-year earnings rose.
February 6, 2011Intermodal Volume Rises for Quarter, Year
Intermodal traffic volume rose 4.1% in the fourth quarter, the eighth straight quarter of year-over-year gains, the Intermodal Association of North America said.
February 6, 2012Paccar Recalls Some Kenworth, Peterbilt Trucks Over Brake Issue
Truck maker Paccar Inc. has recalled some 2012-2013 model year Kenworth and Peterbilt trucks equipped with Bendix brake components that may leak, Bloomberg reported, citing a federal regulatory agency.
February 6, 2012Diesel Rises 0.6¢ to $3.856; Gasoline Gains 4.8¢ to $3.482
Diesel rose 0.6 cent to $3.856 a gallon, its fourth increase in the past five weeks, while gasoline continued to climb at a faster rate, the Department of Energy said Monday.
February 7, 2012Faulty Bendix Valves Installed on Around 60,000 New Trucks
A faulty brake valve produced by Bendix Commercial Vehicle Systems has been installed on as many as 60,000 Navistar Inc., Paccar Inc. and Volvo Group heavy-duty vehicles that are now in service.
February 6, 2012Unemployment Rate Declines to 8.3%; Trucking Adds 5,300 Jobs
The unemployment rate dropped in January to 8.3%, the lowest almost in three years, while the economy added 243,000 jobs, including 5,300 trucking jobs, the Labor Department said Friday.
February 3, 2012Railroads, Union Agree; Possible Strike Averted
The largest U.S. freight railroads reached a tentative agreement last week with a union representing track and bridge maintenance workers, eliminating the possibility of a nationwide work stoppage.
February 3, 2012Opinion: Driver Recruiting Against the Odds
According to analysts at a transportation research organization, the industry is facing an increasingly acute shortage of drivers — as many as 135,000 this year.
February 6, 2012