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Michelin’s Second-Half ’05 Profit Jumps
Tire maker Michelin’s second-half 2005 profit rose 74% to about $600 million from $340 million a year earlier, Bloomberg reported.
February 14, 2006Dupre’ Transport Promotes New President
Dupre’ Transport said it has promoted Tom Voelkel to be its president and chief operating officer.
February 14, 2006Spending on Idle-Reduction Systems Rising, ATRI Says
The trucking industry has already spent $8.8 million in idle-reduction technologies, and over the next five years will spend at least $56 million more to further deploy such systems, according to a new report by the American Transportation Research Institute.
February 13, 2006Technology Briefs - Feb. 7 - Feb. 13
Cummins Says ’07 Engine Line Will be EPA-Compliant • TMC Technology Exhibit to Include 250 Exhibitors • AirIq Alters Credit Pact With Its Bank • Repair Info Database Tractor-Trailer.net Is Now Online
February 13, 2006Schneider Purchasing California Freight Forwarder
Schneider National’s logistics unit said Monday it has signed a stock purchase agreement to acquire American Overseas Air Freight, an international freight forwarder and a customs broker.
February 13, 2006Smithway’s Fourth-Quarter Income Jumps 95%
Flatbed carrier Smithway Motor Xpress Corp. said Monday that its fourth-quarter profit almost doubled, jumping 95% to $755,000 or 15 cents a share, from $387,000 or 8 cents a year earlier.
February 13, 2006U.S. Xpress to Take Majority Ownership in Arnold, Total
Truckload carrier U.S. Xpress Enterprises said Monday it has reached agreements in principle to increase its ownership interest in Arnold Transportation Services and Total Transportation of Mississippi to 80%, from 49%, for $7.8 million in cash.
February 13, 2006Knight President Steps Down From Company’s Board
Truckload carrier Knight Transportation said late Friday that Richard Lehmann has been elected as a director and that Timothy Kohl, a director and the president of Knight Transportation, stepped down from the company’s board.
February 13, 2006Lundberg Reports First Gasoline Price Drop Since November
The national average price for self-serve regular unleaded gasoline fell 3 cents to $2.30 a gallon over the past three weeks, according to the latest Lundberg Survey of filling stations released Sunday.
February 13, 2006Hazmat Firm Develops Long-Lasting Sensors to Track Shipments
MHF Logistical Solutions said it developed a sensor with a long-lasting battery that will allow its customers to remotely monitor rail cars, containers and their contents.
February 13, 2006