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, 2007Business, Safety, Government
Trimacs Earnings Dip in 1Q
Canada-based transportation firm Trimac Income Fund said its first-quarter net earnings fell to C$1.5 million or 5 cents per unit, from C$3.7 million or 7 cents a year earlier.
May 14, 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, Safety
Rail, Intermodal Fall Again
Rail carload and intermodal freight both fell last week compared with a year ago, continuing a trend this year, the Association of American Railroads said.
May 10, 2007Business, Government, Safety, Fuel
Feds Probing Oil-Trading Practices
Federal regulators are looking into possible manipulation of crude oil prices by after-hours trading practices, the Wall Street Journal reported Thursday.
May 10, 2007Business, Safety, Government
Safety & Security Briefs
May 9, 2007