Volvo AB Friday reported its second consecutive quarterly loss and predicted a decline in European and North American truck markets, Bloomberg reported.
April 24, 2009BusinessSafetyGovernment
Companies Pushing for Higher Premiums to Compensate for Losses on Investments
The long downward trend in insurance rates for fleets may be coming to an end as more insurers push for higher premiums to make up for investment losses and as fewer underwriters compete for the business.
April 27, 2009Business
UPS’ Profit Drops 43% in 1Q
UPS Inc. said its first-quarter profit was driven down 43% amid a global recession that hurt every portion of the company.
April 27, 2009GovernmentBusinessSafety
Ontario to Allow Double 53-Foot Trailers on Some Roads in 1-Year Pilot Program
The Ontario Ministry of Transportation said it will begin issuing permits this summer allowing double, 53-foot trailers on selected highways in the province.
April 27, 2009FuelBusinessGovernment
Fleet Bankruptcy Pace Slows
Lower fuel prices, along with the assistance of some forgiving financiers, limited the number of first-quarter trucking bankruptcies to 480, slightly more than in the last three months of 2008, but far below the 935 firms that failed in the corresponding period a year ago.
April 27, 2009Business
O&S President Elected Mayor
James O’Neal, president of O&S Trucking Inc., has been elected mayor of Springfield, Mo.
April 27, 2009BusinessGovernment
March New ºÚÁϳԹÏÍø Sales Fall 0.6%
New home sales fell 0.6% in March, the Commerce Department said Friday.
April 24, 2009BusinessGovernment
Durable Goods Orders Decline 0.8%
Durable goods orders fell 0.8% in March, the Commerce Department said Friday.
April 24, 2009Business
YRC Reports $257 Million First-Quarter Loss
YRC Worldwide said late Thursday it lost $257 million, or $4.34 per share, in the first quarter, compared with a loss of $46.4 million, or 82 cents, a year ago.
April 24, 2009Business
Con-way Says It Lost $154 Million in First Quarter
Con-way Inc. said it lost $154 million, or $3.35 per share, in the first quarter, compared with earning $22.5 million, or 47 cents, a year ago.
April 24, 2009