Cooper Tire and Rubber Co. testified in court it could have expedited its $2.5 billion buyout by Apollo Tyres if it had been allowed to take part in union negotiations, Bloomberg News reported.
November 7, 2013Search
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Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Delphi’s 3Q Profits Rise
Vehicle components maker Delphi Automotive PLC said its third-quarter profit increased on higher sales.
November 6, 2013Commercial Vehicle Group Reports Loss
Commercial Vehicle Group reported a third-quarter loss, compared with a profit a year ago, the truck and auto components maker said.
November 5, 2013Accuride Reports Third-Quarter Loss
Accuride Corp. reported a third-quarter loss and said sales declined “reflecting macro-economic and industry conditions.”
November 4, 2013American Axle Reports Third-Quarter Profit
American Axle & Manufacturing Holdings said it had a third-quarter profit of $31.6 million, or 41 cents per share, from a loss of $8.1 million, or 11 cents, a year ago.
November 1, 2013Fleets Outsource Major Maintenance Work to Reduce Tool, In-House Labor Expenses
When A. Duie Pyle needs an engine overhauled or major transmission work done, the company sends the work to an off-site maintenance shop rather than using in-house mechanics.
November 4, 2013Jobless Claims Decline by 10,000 as California Clears Backlog
Jobless claims declined by 10,000 for the week ended Oct. 26 as backlogs in California cleared after a switch in computer systems, Bloomberg News reported.
October 31, 2013Trimble’s Profit Increases in 3Q
Trimble Navigation Ltd. reported higher third-quarter profit than a year ago and said earnings nearly doubled at its segment that includes trucking technology providers PeopleNet Communications Corp., TMW Systems Inc. and ALK Technologies Inc.
October 31, 2013Wabash’s Third Quarter Income Declines
Wabash National Corp. said its third-quarter income declined, but the trailer manufacturer expects a “strong demand” in the fourth quarter.
October 30, 2013Goodyear Profit Grows 51%
Goodyear Tire & Rubber Co. said profit rose 51% in the third quarter as each regional operating segment saw improved results.
October 29, 2013