Swift Transportation Co.’s first-quarter profit fell 74% because of a pending buyout, bad weather, higher fuel costs and lower demand.
April 19, 2007Search
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Daimler Sees Truck Sales Rebounding by ’09
DaimlerChrysler AG expects U.S. sales of heavy-duty trucks to recover to last year’s level by 2009 after falling more than 40% this year, Bloomberg reported.
April 23, 2007Caterpillar’s Earnings Dip; Revenue Gains
Heavy equipment and diesel engine manufacturer Caterpillar Inc. said Friday that its first-quarter net income dipped 3% to $816 million, from a record $840 million a year ago.
April 20, 2007Knight’s 1Q Income, Revenue Gain
Truckload carrier Knight Transportation said its first-quarter profit rose 5% to $16.6 million or 19 cents a share, from $15.8 million or 18 cents a year ago.
April 19, 2007Safety & Security Briefs — April 12 - April 18
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Letters to the Editor: Steering; Opening the Border
These letters appear in the April 16 print edition of transport Topics. Click here to subscribe today.
April 18, 2007Opinion: Ag and Food Trucking and the U.S. Economy
This Opinion piece appears in the April 16 print edition of Transport Topics. Click here to subscribe today.
April 18, 2007Con-way’s First-Quarter Profit Falls
Con-way Inc.’s first-quarter income fell 29% as the company’s revenue declined, and the transportation firm lowered its 2007 earnings outlook.
April 17, 2007Technology Briefs — April 10 - April 16
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IRS Says Fleets Face Sanctions
IRS officials told trucking executives that motor carriers must account properly for driver per-diem expenses or risk losing the tax-exempt status of the plans.
April 16, 2007