Per Carlsson will replace Peter Karlsten as president and chief executive officer of Volvo Trucks North America, effective Jan. 1, Volvo said Tuesday.
October 23, 2007Business
Volvo’s 3Q Operating Profit Improves
Truck maker Volvo AB’s earnings before interest and taxes were about $772 million, with its truck-unit operating profit rising 1%, Bloomberg reported Wednesday.
October 24, 2007BusinessTechnologyEquipmentSafetyLogistics
Ryder’s Third-Quarter Earnings Improve
Trucking and logistics firm Ryder System said Wednesday its third-quarter profit rose, as its supply chain unit showed improvement.
October 24, 2007BusinessLogistics
Norfolk Southern’s 3Q Earnings Decline
Eastern freight railroad Norfolk Southern Corp. said Wednesday its third-quarter earnings fell 7% to $386 million or 97 cents a share, from $416 million or $1.02 a year ago.
October 24, 2007BusinessSafetyGovernment
House Passes Rail Safety Bill
The House passed legislation last week that would require the Secretary of Transportation to develop a long-term strategy for improving railroad safety.
October 24, 2007BusinessTechnologyEquipmentSafety
Iteris Reports Improved 2Q Earnings
Iteris Inc., which makes lane-departure warning systems for the trucking industry, said late Tuesday its second-quarter profit improved from a year ago.
October 23, 2007Business
UPS’ 3Q Income Rises 3.7%
UPS Inc. said Tuesday its third-quarter net income rose 3.7% to $1.08 billion or $1.02 per share, from $1.04 billion or 96 cents a year ago.
October 23, 2007Business
BNSF’s Third-Quarter Income Improves
Burlington Northern Santa Fe Corp. said its third-quarter profit, revenue and operating profit all reached records.
October 23, 2007Business
Vitran’s Third-Quarter Profit Declines
Vitran Corp. said Tuesday its third-quarter profit was $3.1 million or 23 cents a share, down from $4.9 million or 38 cents a year ago.
October 23, 2007FuelBusinessGovernment
Diesel Climbs 5.5¢ to $3.094; Gasoline Jumps 6.1¢ to $2.823
The average pump price of diesel fuel jumped 5.5 cents to $3.094 a gallon — the highest since the all-time record set in the same week two years ago, the Department of Energy said Monday.
October 23, 2007