Truck components maker ArvinMeritor said it lost $52 million, or 72 cents per share, in its fiscal second quarter, compared with a profit of $24 million, or 33 cents per share, a year ago.
May 6, 2009Business, Safety, Technology, Equipment
Penske Truck Leasing Hires CEI Group
Penske Truck Leasing Co. has retained accident management firm CEI Group to expand its capabilities for dealing with collision and claims repairs at its 16 North American collision repair centers, Penske said May 4.
May 12, 2009Business, Safety, Equipment, Government
R.I. Begins Construction of Replacement Highway Bridge
Rhode Island transportation officials said construction has begun on one of two bridges so deteriorated that trucks are limited to 18 tons and two axles.
May 11, 2009Business, Equipment, Government
Tumbling Prices for Commodities Fail to Bring Relief to Truck Buyers
Prices of most key commodities used in making heavy trucks have dropped 50% or more since last year, but price reductions for tires, components and trucks have been difficult to find.
May 11, 2009Business, Equipment
Dana Reports First-Quarter Loss
Truck axle and frame maker Dana Holding Corp. posted a first-quarter loss of $157 million, Bloomberg reported.
May 7, 2009Government, Business, Equipment
ArvinMeritor Reports Fiscal 2Q Loss
Government, Business, Equipment
Slumping Sales Lead to Lower Earnings For Truck Makers in North America
Weak Class 8 truck sales around the world led to plunging revenue and either losses or vastly diminished first-quarter profits for three of the four major heavy-duty truck manufacturers and both independent engine makers operating in North America.
May 4, 2009Business, Equipment
Cummins’ First-Quarter Profit Plunges
Diesel engine maker Cummins Inc. said Thursday its first-quarter profit plunged and that its engine sales would decline by more than 30% this year.
April 30, 2009Business, Technology, Equipment, Safety, Logistics
McLeod Acquires Logistics Software Firm
McLeod Software said Wednesday that it had purchased Intergrated Logistics Execution Network Systems, or iLENS, a logistics software company.
April 29, 2009Business, Technology, Equipment, Safety
Ryder’s 1Q Income Plunges 88%
Ryder System said Wednesday its first-quarter profit fell 88% and that it was suspending earnings forecasts for future quarters due to the uncertain economy.
April 22, 2009Government, Business, Technology, Equipment, Safety
Hino Posts $628 Million Loss on Pension Charges
Hino Motors Ltd., Japan’s largest heavy-duty truck maker, had a wider-than-expected annual loss because of falling sales and one-time costs from a change in its pension system, Bloomberg reported Tuesday.
April 21, 2009