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Hino Posts $628 Million Loss on Pension Charges

Hino Motors Ltd., Japan’s largest heavy-duty truck maker, had a wider-than-expected annual loss because of falling sales and one-time costs from a change in its pension system, Bloomberg reported Tuesday.

April 21, 2009

Eaton Posts $52 Million First-Quarter Loss

Vehicle parts manufacturer Eaton Corp. said Monday it lost $52 million on the first quarter as sales slumped.

April 20, 2009

Raising the Bar on Service

A few more customers may be peeking into the showroom, but buying volume continues to limp along near 25-year lows, according to the latest report on Class 8 truck sales.

April 20, 2009

Landstar’s First-Quarter Income Declines

Truckload carrier Landstar System said its first-quarter net income fell to $13.9 million, or 27 cents a share, from $23.7 million, or 45 cents, a year ago.

April 16, 2009

Federal Researchers Confirm Claims Single Wide Tires Boost Fuel Economy

Federal researchers said they have confirmed manufacturers’ claims that single wide tires can boost a truck’s fuel economy, but one tire expert said they may not be suitable for every fleet.

April 13, 2009

ArvinMeritor Says Cuts Have Saved $430 Million

Truck components maker ArvinMeritor said Monday it has saved about $430 million on an annual basis in cost-reduction measures taken since October.

April 13, 2009

Cadec Gets $4 Mln. Funding Boost From Thule

Cadec Global, which offers fleet management services, said it has received an additional $4 million in funding from Thule Investments that will be applied to support further growth.

April 13, 2009

Sterling Truck Corp. Closes After 11 Years

Sterling Truck Corp. officially ended its 11-year life span last month when the last Class 8 rolled off the St. Thomas, Ontario, assembly line, part of a final order for ABF Freight System Inc.

April 13, 2009

Massachusetts Weighs Transportation Reform

The Massachusetts House of Representatives has joined the Senate in approving a reform plan for the state’s transportation system.

April 10, 2009

Ryder Lowers 1Q Outlook

Ryder System Wednesday cut its first-quarter forecast, saying the ongoing recession has hurt its freight volumes and reduced demand.

April 8, 2009