Truckload carrier Landstar System said late Wednesday its third-quarter net income declined to $20.1 million, or 39 cents a share, from $32.8 million, or 62 cents, a year ago.
October 14, 2009Search
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Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Quality Distribution Sells Tank-Wash Unit
Tank truck carrier Quality Distribution said it has sold tank wash unit Quala Systems for $13 million.
October 13, 2009Accuride Approved for $25 Million Bankruptcy Loan
Accuride Corp. has received approval to immediately borrow up to $25 million on a bankruptcy loan to continue operations, Bloomberg reported.
October 13, 2009Court Rules for ArvinMeritor in Transmission Lawsuit
A federal court has ruled in favor of trucking supplier ArvinMeritor Inc. over Eaton Corp., in which ArvinMeritor had accused its competitor of violating antitrust law in the sale and marketing of heavy-duty truck transmissions.
October 9, 2009Accuride Files for Chapter 11 Bankruptcy
Accuride Corp., a manufacturer of steel and aluminum truck and trailer wheels, filed for Chapter 11 bankruptcy protection Thursday, Bloomberg reported.
October 8, 2009Onboard Systems Are Safe, Providers Say
Manufacturers of onboard communication systems for trucking defended their products’ safety, and some said that they can be used with minimal distraction from driving.
October 7, 2009Ohio Turnpike Adds E-ZPass, Offers Truck Discounts
The Ohio Turnpike has joined the E-ZPass toll collection system. Until Oct. 1, when the turnpike opened its new E-ZPass lanes, the roadway had no electronic tolling system and only accepted cash payments.
October 6, 2009PC-Miler 23 Gets TMW Certification
Transportation software firm ALK Technologies said that the latest version of its PC-Miler software, PC-Miler 23, has been certified by its partner TMW Systems.
October 5, 2009ComVest, Wayzata Vie to Be ‘Stalking Horse’ as Gainey Corp. Bankruptcy Enters 2nd Year
The Gainey Corp. bankruptcy case, the longest-running reorganization among large carriers, will enter its second year on Oct. 14 when a top bidder for the trucker is scheduled to be announced, setting the stage for an auction.
October 5, 2009Clean Energy to Acquire BAF
Clean Energy Fuels Corp. will buy BAF Technologies, a supplier of natural gas vehicle systems and conversion technology, for $8.3 million.
September 28, 2009