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Suppliers Begin Costly Audit for African 鈥楥onflict Minerals鈥
Truck makers and suppliers say they will be among the industries hardest hit by a new federal rule that could cost U.S. businesses nearly $8 billion to search out and shed 鈥渃onflict minerals鈥 originating from central Africa.
March 4, 2013Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Visteon Posts Fourth-Quarter Profit
Vehicle parts manufacturer Visteon Corp. posted a fourth-quarter profit, improving upon the loss it experienced during the same time in 2011.
February 28, 2013Ritchie Bros. Reports Lower 4Q, Higher Full-Year Income
Ritchie Bros. Auctioneers said its fourth-quarter profit slipped from a year ago to $22.1 million, or 21 cents per share, from $26.8 million, or 25 cents, a year ago.
February 27, 2013Eaton Boosting Dividend by 11%
Eaton Corp. said Wednesday its board has approved an 11% increase in its quarterly cash dividend.
February 27, 2013Cooper Tire Posts Lower 4Q Profit
Cooper Tire and Rubber Co. said it posted a lower fourth-quarter profit and a lower full-year income.
February 26, 2013Dealers, Fleets Increase Use of Scrap Analysis to Extend Life of Tires, Cut Costs for Carriers
Every month or so, Dustin Stricker, the maintenance manager at R.E. West Transportation in Ashland City, Tenn., sits down with representatives from South Carolina-based Michelin North America and the local Tire Centers in Nashville to do autopsies on truck tires.
February 25, 2013Dana鈥檚 Fourth-Quarter Profit Improves
Truck and auto component maker Dana Holding Corp. said Thursday its fourth-quarter profit rose from a year ago, though its revenue declined.
February 21, 2013Cummins Revises Down Its 4Q, Full-Year Earnings
Engine maker Cummins Inc. said Wednesday it has revised its previously announced fourth-quarter and full-year 2012 operating results down by $20 million, with net income reduced by $12 million, or 7 cents per share.
February 20, 2013Opinion: Always Track Fleet Maintenance Costs
There鈥檚 no real mystery as to why otherwise intelligent fleet operators so often negotiate full-service leases using only big, round numbers. Reason No. 1 is that they simply don鈥檛 know their actual, detailed maintenance costs.
February 18, 2013American Axle鈥檚 4Q Income Rises
American Axle & Manufacturing Holdings鈥 fourth-quarter net income rose to $319.9 million, or $4.21 per share 鈥 which included a $337.5 million tax benefit 鈥 from $31.1 million, or 41 cents, a year earlier.
February 14, 2013