Ryder System said Wednesday its first-quarter profit rose 9% to $56.1 million, or 96 cents per share, from $51.3 million, or 84 cents, a year earlier.
April 23, 2008BusinessFuelEquipmentGovernment
Used Truck Prices Buoyed by Rising Foreign Demand
An unprecedented wave of exports, mostly to Russia, has cushioned a downturn in the Class 8 used-truck business, which has been hurt by high fuel prices and a weak freight market, according to industry executives.
April 28, 2008BusinessEquipment
Goodyear Joins EPA SmartWay Partnership
Goodyear Tire & Rubber Co. said Tuesday that it has joined the U.S. Environmental Protection Agency’s SmartWay Transport Partnership.
April 22, 2008BusinessEquipment
Hino Marks Record Month; Sees Medium-Duty Rebound Next Year
Hino Trucks said it is forecasting the Class 4-7 market segments to be flat this year, but has set a sales goal of selling 7,000 units in its fiscal year 2008.
April 22, 2008BusinessTechnologyEquipmentSafetyGovernment
TransCore Unveils Rate Index Pro Database
Trucking technology system provider TransCore said its new Rate Index Pro product will provide single-lane, real-time truckload information that can be used in pricing and contract negotiations.
April 21, 2008BusinessTechnologyEquipmentSafety
Landstar’s First-Quarter Income Improves
Truckload carrier Landstar System’s first-quarter net income rose to $23.7 million, or 45 cents a share, from $21.6 million, or 38 cents, a year earlier.
April 17, 2008BusinessGovernmentEquipment
Hino Shifting Medium-Duty Work to W. Va.
Hino Motors Ltd. said it will halt assembly of trucks in California and shift the work to a West Virginia factory to consolidate U.S. production, Bloomberg reported.
April 17, 2008BusinessTechnologyEquipmentSafety
Ryder 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, 2008GovernmentBusinessSafetyEquipment
Eaton’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, 2008GovernmentBusinessSafetyEquipment
UAW Rejects Mediator on American Axle Strike, Paper Reports
Parts supplier American Axle & Manufacturing Holdings has asked a federal mediator to help broker a deal to end the a 48-day strike, but offer was rejected by the United Auto Workers union, the Detroit News reported Monday.
April 14, 2008