Truckload carrier Landstar System said late Wednesday its third-quarter net income declined to $20.1 million, or 39 cents a share, from $32.8 million, or 62 cents, a year ago.
October 14, 2009Search
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N.Y. Governor Wants to Regulate GPS Use in Trucking
New York Gov. David Paterson (D) is calling for a state law that would require truckers using global positioning system devices to use only ones containing truck route information.
October 20, 2009
Justin Olsen, maintenance director at TCW, breaks down the hidden impact of poor trailer management on operations, compliance and safety.Â
Eaton’s Third-Quarter Profit Falls
Vehicle parts manufacturer Eaton Corp. said Monday its third-quarter profit fell 39% but exceeded the company’s forecast.
October 19, 2009Landstar Says Profit Drops, But Freight Is Improving
Landstar System Inc., the fifth-largest truckload carrier, last week reported a 39% drop in net income to $20.1 million from the same quarter of 2008.
October 19, 2009Truck Sales Continue Slide
U.S. Class 8 truck sales continued to slide during September, with truck makers recording 28.7% fewer deals than they completed in the corresponding month last year, according to data supplied by WardsAuto.com.
October 19, 2009Fleetsource Buys Dover Diesel Service
Fleetsource LLC, which provides products and services to the medium- and heavy-duty truck fleets, said it acquired Dover Diesel Service, one of the largest independent Caterpillar and Cummins service dealers and parts providers in New Jersey.
October 13, 2009Quality Distribution Sells Tank-Wash Unit
Tank truck carrier Quality Distribution said it has sold tank wash unit Quala Systems for $13 million.
October 13, 2009Accuride Approved for $25 Million Bankruptcy Loan
Accuride Corp. has received approval to immediately borrow up to $25 million on a bankruptcy loan to continue operations, Bloomberg reported.
October 13, 2009Court Rules for ArvinMeritor in Transmission Lawsuit
A federal court has ruled in favor of trucking supplier ArvinMeritor Inc. over Eaton Corp., in which ArvinMeritor had accused its competitor of violating antitrust law in the sale and marketing of heavy-duty truck transmissions.
October 9, 2009Accuride Files for Chapter 11 Bankruptcy
Accuride Corp., a manufacturer of steel and aluminum truck and trailer wheels, filed for Chapter 11 bankruptcy protection Thursday, Bloomberg reported.
October 8, 2009