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Personal Spending Rises 0.7% in December
Consumer personal spending rose in December by the most in five months and personal incomes also rose, the Commerce Department said Thursday.
February 1, 2007Justin Olsen, maintenance director at TCW, breaks down the hidden impact of poor trailer management on operations, compliance and safety.聽
Initial Jobless Claims Fall 20,000 for Week
First-time U.S. jobless claims fell by 20,000 last week to 307,000, the Labor Department said Thursday.
February 1, 2007Delphi Lost $5 Billion in 2006
Bankrupt auto-parts maker Delphi Corp. lost $5.1 billion in 2006, including a $2.9 billion restructuring charge, the Detroit News reported Wednesday.
February 1, 2007Truck Suppliers See Obstacles in Push for 鈥榃orld鈥 Vehicle
LAS VEGAS 鈥 Leading heavy-duty truck components manufacturers said technology exists today to build a safer, environmentally friendly and low-cost heavy-duty 鈥渨orld truck,鈥 but major obstacles are consumer acceptance and the lack of a single global standard for emissions and safety technology.
Scania鈥檚 Fourth-Quarter Income Rises as MAN Drops Hostile Bid
Swedish truck maker Scania AB posted a fifth straight gain in quarterly income and German rival MAN AG dropped a hostile takeover bid in favor of friendly negotiations, Bloomberg reported.
February 1, 2007Saia Buys Wisconsin LTL Carrier for $2.5 Million
Less-than-truckload carrier Saia Inc. said Thursday it has acquired Wisconsin-based LTL company Madison Freight Systems for about $2.5 million.
February 1, 2007Canadian For-Hire Companies鈥 Revenue Rose in 2Q 鈥06
There were an estimated 3,336 for-hire trucking companies based in Canada with annual revenues of $1 million or more in the second quarter of 2006, almost unchanged from the same quarter in 2005, Statistics Canada said Thursday.
February 1, 2007Saia鈥檚 Fourth-Quarter Income Declines
Saia Inc. said Wednesday its fourth-quarter net income fell to $5.2 million or 35 cents a share, from $10.7 million or 73 cents for the previous fourth quarter.
January 31, 2007Security & Safety Briefs 鈥 Jan. 25 - Jan. 31
TSA Awards TWIC Contract to Lockheed Martin 鈥 Canada Passes Border Security Bill 鈥 Railroads to Get More Safety Scrutiny 鈥 EU Customs Chief Criticizes Cargo-Screening Measure
January 31, 2007Japan鈥檚 Hino Motors鈥 Fiscal Third-Quarter Profit Falls 45%
Hino Motors Ltd., Japan鈥檚 largest maker of heavy-duty trucks, saw its fiscal third-quarter profit drop 45% as the company spent more to develop new models and expand production, Bloomberg reported.
January 31, 2007