Paccar Inc. Tuesday reported its second-quarter profit rose 24% from a year ago, but warned that a slowing economy could crimp truck orders later this year.
July 24, 2012Business
HOS Rule Will Add Significant Costs, ATA Says in Court Filing
The hours-of-service rules set to take effect next year for truck drivers will add a significant cost to the trucking industry without providing much of a benefit, American Trucking Associations said Tuesday in a court filing.
July 24, 2012Business
UPS Reports Higher 2Q Profit; Cuts Forecast
UPS Inc. reported a higher second-quarter profit but cut its full-year earnings forecast, citing concern of a slowing global economy.
July 24, 2012Business
Volvo’s Earnings Slip as Truck Sales Rise, Orders Decline
Volvo AB’s second-quarter adjusted earnings slipped 4.1%, as North American truck sales rose but orders fell, Bloomberg reported Tuesday.
July 24, 2012Business
Ryder's 2Q Earnings Rise 14%
Ryder System said its net earnings rose 14% to $46.7 million, or 91 cents per share, up from $40 million, or 77 cents from a year ago.
July 24, 2012Business
Commercial Vehicle Group Swings to 2Q Profit
Commercial Vehicle Group reported a second-quarter profit compared with a loss last year, the truck and auto components maker said.
July 24, 2012BusinessFuel
Diesel Rises 8.8¢ to $3.783 in Third Straight Gain
Diesel rose for the third week in a row, rising 8.8 cents to $3.783, while gasoline also rose for a third week, the Department of Energy said Monday.
July 24, 2012BusinessFuel
Trillium Forms Joint-Venture to Build CNG Stations
Trillium CNG on Monday announced a joint venture to built fueling stations with a focus on the Interstate 65 and I-75 trucking corridors and major routes in Texas.
July 24, 2012Business
Pilot Flying J to Acquire Controlling Stake in Maxum Petroleum
Pilot Flying J announced it will acquire a controlling stake in Maxum Petroleum. Terms were not disclosed.
July 24, 2012Business
Tech Data Pays $165 Million to Control European Venture
Tech Data Corp. said it will pay about $165.6 million in cash to acquire Brightstar Corp.’s 50% stake in Brightstar Europe Ltd. to obtain sole ownership of the companies’ European joint venture.
July 23, 2012