Truck maker Volvo AB posted its biggest profit decline in 18 months after stricter emissions rules caused U.S. truck sales to plunge 54%, Bloomberg reported Wednesday.
July 25, 2007BusinessGovernment
New ºÚÁϳԹÏÍø Sales Plunge 6.6%
New home sales plunged 6.6% in June, the Commerce Department said Thursday.
July 26, 2007BusinessGovernment
Durable Goods Orders Rise 0.5%
Durable goods orders fell 0.5% in June, the Commerce Department said Thursday.
July 26, 2007BusinessGovernmentEquipment
ArvinMeritor to Close Ontario Plant
Heavy-duty components maker ArvinMeritor said Wednesday it would close a truck parts assembly plant in Ontario, Canada, in November.
July 26, 2007GovernmentBusinessSafetyTechnologyEquipment
Hill Says FMCSA to Begin Pilot Program of Compliance Review System Next Year
WASHINGTON — John Hill, head of the Federal Motor Carrier Safety Administration, said the agency expects to launch a pilot program of its overhauled compliance review and safety rating process during 2008.
July 25, 2007BusinessGovernment
Fed ‘Beige Book’ Gives Trucking Mixed Report
The Federal Reserve gave a generally positive assessment of the U.S. economy, with mixed reports on the health of the trucking industry.
July 25, 2007BusinessGovernment
Arkansas Best’s 2Q Profit Falls
Arkansas Best Corp. said Wednesday its second-quarter net income fell to $19.6 million or 78 cents a share, from $29 million or $1.13 a year ago.
July 25, 2007BusinessGovernment
House Vote Blocks Mexican Trucks Plan
The House voted late Tuesday to block the Bush administration’s planned Mexican trucks program, limiting visiting trucks to the current border-area zone, Bloomberg reported.
July 25, 2007BusinessSafetyGovernment
Covenant Reports 2Q Loss
Covenant Transportation Group said Wednesday it lost $11.3 million or 80 cents a share, compared with a loss of $398,000 or 3 cents a year earlier.
July 25, 2007