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, 2009Business, Technology, Equipment, Safety
Ryder’s 1Q Income Plunges 88%
Government, Business, Technology, Equipment, Safety
Hino Posts $628 Million Loss on Pension Charges
Hino Motors Ltd., Japan’s 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, 2009Business, Technology, Equipment, Safety
Landstar’s 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, 2009Business, Technology
Obama Notes Stimulus’ Transport-Project Progress
President Obama Monday said the federal government’s stimulus plan was on track to help shore up the nation’s infrastructure, Bloomberg reported.
April 13, 2009Letters to the Editor, Business, Government, Safety, Technology
Letters: All Things Safety, Trailer Tracking, The American Dream
Here we go again — the safety freaks filing yet another challenge to the current hours of service, led unfortunately by my illustrious leader, James Hoffa. I think he needs to pull his head out of the sand on this one.
April 13, 2009Business, Government, Equipment, Technology, Safety
Sterling 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, 2009Business, Safety, Government, Technology, Equipment
Massachusetts Weighs Transportation Reform
The Massachusetts House of Representatives has joined the Senate in approving a reform plan for the state’s transportation system.
April 10, 2009Business, Technology, Equipment, Safety
Ryder 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, 2009Business, Technology, Equipment, Safety
Iteris Buys Hamilton Signal Assets
Iteris Inc., which makes lane-departure warning systems for the trucking industry, said Tuesday it acquired assets from Hamilton Signal including its Abacus system. Terms were not disclosed.
April 7, 2009Business, Technology, Equipment, Safety
Navman Wireless Tracking Software Adds Reporting
Navman Wireless has added a reporting system to its Internet-based tracking software, Online-AVL, the company said.
April 6, 2009