ABF Freight System and the Teamsters union have reached agreement on a 15% wage reduction to help the less-than-truckload carrier cope with losses triggered by the recession.
April 20, 2010Search
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Eaton Reports 1Q Profit, Higher Truck-Segment Sales
Vehicle parts manufacturer Eaton Corp. said Tuesday its first-quarter profit was $155 million, or 91 cents a share, compared with a loss of $50 million, or 30 cents, a year ago, as truck segment sales improved.
April 20, 2010Paccar’s First-Quarter Earnings Improve
Truck maker Paccar Inc.’s first-quarter profit grew to $68.3 million, or 19 cents a share, from $26.3 million, or 7 cents, a year ago.
April 20, 2010Werner’s 1Q Income Jumps
Werner Enterprises said its first-quarter profit rose more than 50% to $10.8 million, or 15 cents per share, from $6.9 million, or 10 cents, a year ago.
April 20, 2010Marten’s First-Quarter Profit Dips
Refrigerated truckload carrier Marten Transport’s first-quarter profit fell slightly, though trucking and logistics revenue improved due in part to higher fuel surcharges.
April 20, 2010New Detroit Bridge Backers Want Public-Private Partnership Legislation
Backers of a proposed new bridge between Detroit and Windsor, Ontario, are pressing Michigan state legislators to act on measures that could move the project into the design and construction phase as early as this year.
April 20, 2010Senate Committee Targets Commodities Market Speculation
The Senate Agriculture Committee is scheduled to mark up a bill Wednesday that would impose stiffer regulations on the speculative trading of commodities, but would exempt trades from legitimate commercial hedgers like trucking companies.
April 20, 2010CVSA Moves Roadcheck Back a Week to June 8-10
The Commercial Vehicle Safety Alliance has scheduled its annual Roadcheck event for June 8-10, a week later than previously announced.
April 20, 2010Volcano Continues to Hamper Air Freight in Europe
The huge ash cloud hanging over Europe from last week’s volcano eruption in Iceland is hampering global air freight and causing a shift in European cargo from planes to trucks, news services reported.
April 19, 2010Leading Economic Indicators Rise
An index of leading economic indicators improved by 1.4% in March by the most in 10 months, the New York-based Conference Board said Monday.
April 19, 2010