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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, 2007

Delphi 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, 2007

Truck 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.

February 1, 2007

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, 2007

Saia 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, 2007

Canadian 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, 2007

Saia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, 2007

Security & 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, 2007

Japan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