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, 2007BusinessSafety
Rail, Intermodal Levels Drop
Rail carload and intermodal freight continued a downward trend compared with a year ago, as year-over-year levels fell for the week ended Saturday, the Association of American Railroads said.
July 27, 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, 2007BusinessSafety
Opinion: How to Prevent Cargo Theft
July 25, 2007
BusinessTechnologyEquipmentSafety
Ryder’s 2Q Profit Dips 7%
Ryder System said Wednesday its second-quarter profit dipped 7% to $65.3 million or $1.07 a share, from $70.3 million or $1.13 a year ago.
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, 2007GovernmentBusinessSafety
Court Issues Split Ruling on Drivers’ Hours of Service Rule
A federal court issued a split ruling Tuesday on the government’s rules governing truck driver hours of service, rejecting a petition by a group representing owner-operators but granting a separate request by a public safety advocate group.
July 25, 2007BusinessSafetyGovernmentLogistics
C.H. Robinson’s 2Q Income Jumps 24%
Transportation and logistics firm C.H. Robinson Worldwide’s second-quarter profit jumped 24% to $82.3 million or 47 cents a share, from $66.6 million or 38 cents a year ago.
July 25, 2007BusinessFuelSafetyGovernment
Paccar’s 2Q Income Dips on Lower Sales
Heavy-duty truck maker Paccar Inc. said Tuesday its second-quarter profit fell 19% as North American heavy-duty truck demand declined due to new U.S. clean air regulations.
July 24, 2007