Tank truck carrier Quality Distribution said it has eliminated about 60 positions —17% of its workforce — primarily at its Tampa, Fla., headquarters.
April 15, 2008Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Quality Distribution Cuts 60 Jobs
J.B. Hunt’s First-Quarter Income Declines
Truckload carrier J.B. Hunt Transport Services’ first-quarter profit declined to $36.4 million, or 28 cents a share, from $44.2 million, or 30 cents, a year ago.
April 15, 2008New York State Manufacturing Index Improves
Manufacturing growth in New York state improved this month, the Federal Reserve Bank of New York said Tuesday.
April 15, 2008Industry Veteran James Hebe to Head N. American Sales for Navistar
Trucking industry veteran James Hebe has rejoined Navistar International Corp.’s truck group as senior vice president of North American sales, the company said Monday.
April 14, 2008Qualcomm’s European Unit Acquires Spanish Firm
Qualcomm Enterprise Services Europe BV, a subsidiary of Qualcomm Inc., said Monday it acquired most of the assets of Madrid, Spain-based Ronda Grupo Consultor.
April 14, 2008Ryder to Buy Florida Leasing Firm
Ryder System said Monday it will buy most of the assets of Florida-based Gator Leasing, which will add about 2,300 vehicles to Ryder's fleet.
April 14, 2008Eaton’s 1Q Profit Gains; Trucking Segment Lags
Heavy-duty vehicle parts manufacturer Eaton Corp.’s first-quarter net earnings rose 5.6%, led by international sales, though its truck segment’s sales declined, the company said Monday.
April 14, 2008Business Inventories Rise 0.6%, Commerce Says
Business inventories rose 0.6% in February, the Commerce Department said Monday.
April 14, 2008Retail Sales Rise 0.2% in March
Retail sales rose 0.2% in March, the Commerce Department said Monday.
April 14, 2008Volvo Field Testing Hybrid Refuse Trucks in Sweden
Volvo Truck Corp. said Monday it launching two hybrid refuse trucks in Sweden that will be tested in regular daily operations by two refuse firms there.
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