Truck maker Volvo ABs first-quarter profit dipped 5.8% as North American sales declined, but the companys European sales increased, Bloomberg reported Friday.
May 11, 2007Government, Business, Safety
Fleets Grow as Freight Falls
NEW YORK The decline in freight volume this year and the number of heavy-duty trucks purchased last year during the pre-buy were both markedly bigger than analysts thought, leading to too many trucks chasing too little business.
May 14, 2007Government, Business, Safety
STB Ends Antitrust Immunity for Trucking Rate Bureaus
The Surface Transportation Board has revoked the authority of motor carriers to engage in collective ratemaking and freight classification.
May 14, 2007Business, Government, Safety
Firms Seek to Replace Pension Funds
NEW YORK The top executive at Arkansas Best Corp. said he expects to offer his fleets unionized employees a less-costly pension benefit plan and withdraw from the current Teamsters multi-employer funds.
May 14, 2007Business, Safety
Fleets Eye Safety Gains to Cut Insurance Costs
Risk management has taken on a new urgency for many carriers as trucking companies attempt to reduce operating costs and minimize insurance premiums, often by including safety improvements.
May 14, 2007Business, Safety, Autonomous
Volvos 1Q Profit Declines
Business, Safety, Government
Moyes Completes Swift Buyout Deal
Swift Transportation Co. founder Jerry Moyes said Thursday he has completed his $2.5 billion takeover of the truckload carrier.
May 11, 2007Business, Equipment
Michelin Forecasts Higher Costs
Tire maker Michelin & Cie. said it will face tougher competition and higher raw materials costs this year, Bloomberg reported Friday.
May 11, 2007Business, Government
Business Inventories Fall; Sales Rise
U.S. business inventories fell in March but sales rose, the Commerce Department said Friday.
May 11, 2007Business, Government
April Retail Sales Fall 0.2%
Retail sales fell 0.2% in April, the Commerce Department said Friday.
May 11, 2007Business, Fuel, Government
Producer Price Index Gains 0.7%
The producer price index rose 0.7% in April, while the core PPI excluding food and energy was unchanged for a second straight month, the Labor Department said Friday.
May 11, 2007