USA Truck reported a fourth-quarter loss of $4.4 million, or 42 cents per share, compared with a loss of $1.8 million, or 17 cents, a year ago.
February 7, 2012Business
Penske Plans to Hire 3,500 This Year
Penske Truck Leasing and Penske Logistics plan to hire 3,500 employees in the United States and Canada this year.
February 7, 2012BusinessFuel
Diesel Rises 0.6¢ to $3.856; Gasoline Gains 4.8¢ to $3.482
Diesel rose 0.6 cent to $3.856 a gallon, its fourth increase in the past five weeks, while gasoline continued to climb at a faster rate, the Department of Energy said Monday.
February 7, 2012Business
Paccar Recalls Some Kenworth, Peterbilt Trucks Over Brake Issue
Truck maker Paccar Inc. has recalled some 2012-2013 model year Kenworth and Peterbilt trucks equipped with Bendix brake components that may leak, Bloomberg reported, citing a federal regulatory agency.
February 6, 2012Business
Volvo’s 4Q Profit Rises; Sees Continued Strength in North American Truck Market
Volvo AB held estimates for North American and European truck markets this year as sales growth helped boost its fourth-quarter operating profit 26%, Bloomberg reported.
February 6, 2012BusinessFuel
Gasoline Prices Seen Rising Higher by May
Gasoline prices could jump by 60 cents or more by May, USA Today reported Monday, citing fuel analysts.
February 6, 2012BusinessTechnology
Five Manufacturers on Track to Meet SuperTruck Goals
WASHINGTON — Five manufacturers are on their way toward meeting the Department of Energy’s goal of increasing a truck’s efficiency by 50% under the agency’s SuperTruck program, a DOE official said.
February 6, 2012BusinessLogistics
Intermodal Volume Rises for Quarter, Year
Intermodal traffic volume rose 4.1% in the fourth quarter, the eighth straight quarter of year-over-year gains, the Intermodal Association of North America said.
February 6, 2012BusinessTechnology
Ryder System Debuts Next-Gen RydeSmart
Ryder System said it has launched RydeSmart 3.0, the next generation of RydeSmart, its onboard telematics system.
February 6, 2012BusinessTechnology
Arsenault Announces New CEO
Transportation software maker Arsenault announced that Jack Boetefuer is the company’s new CEO.
February 6, 2012