Ryder System said Wednesday its first-quarter profit fell 88% and that it was suspending earnings forecasts for future quarters due to the uncertain economy.
April 22, 2009Search
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Penske Truck Leasing Hires CEI Group
Penske Truck Leasing Co. has retained accident management firm CEI Group to expand its capabilities for dealing with collision and claims repairs at its 16 North American collision repair centers, Penske said May 4.
May 12, 2009Executive Cites Factors Affecting Trucking, Class 8 Sales
SAN DIEGO 鈥斅燗 鈥減erfect storm鈥 of a weak economy, high fuel prices and governmental missteps have led to a 70% drop in new-truck sales in North America, according to Jim Hebe, senior vice president of North American sales for Navistar.
May 12, 2009R.I. Begins Construction of Replacement Highway Bridge
Rhode Island transportation officials said construction has begun on one of two bridges so deteriorated that trucks are limited to 18 tons and two axles.
May 11, 2009McLeod Acquires Logistics Software Firm
McLeod Software said Wednesday that it had purchased Intergrated Logistics Execution Network Systems, or iLENS, a logistics software company.
April 29, 2009Hino Posts $628 Million Loss on Pension Charges
Hino Motors Ltd., Japan鈥檚 largest heavy-duty truck maker, had a wider-than-expected annual loss because of falling sales and one-time costs from a change in its pension system, Bloomberg reported Tuesday.
April 21, 2009Landstar鈥檚 First-Quarter Income Declines
Truckload carrier Landstar System said its first-quarter net income fell to $13.9 million, or 27 cents a share, from $23.7 million, or 45 cents, a year ago.
April 16, 2009Sterling Truck Corp. Closes After 11 Years
Sterling Truck Corp. officially ended its 11-year life span last month when the last Class 8 rolled off the St. Thomas, Ontario, assembly line, part of a final order for ABF Freight System Inc.
April 13, 2009Massachusetts Weighs Transportation Reform
The Massachusetts House of Representatives has joined the Senate in approving a reform plan for the state鈥檚 transportation system.
April 10, 2009Ryder Lowers 1Q Outlook
Ryder System Wednesday cut its first-quarter forecast, saying the ongoing recession has hurt its freight volumes and reduced demand.
April 8, 2009