Truck components maker ArvinMeritor said Tuesday it lost $162 million, or $2.23 per share, in its fiscal third quarter, compared with a profit of $44 million, or 60 cents per share, a year ago.
August 4, 2009Search
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ArvinMeritor Posts $162 Million Quarterly Loss
Manufacturer ArvinMeritor Inc. said it lost $162 million in the April-to-June quarter, while also announcing last week it has found a buyer for its light-vehicle wheels business and has stepped up its marketing effort for truck disc and drum brakes ahead of the government’s new truck stopping-distance rule.
August 10, 2009
Justin Olsen, maintenance director at TCW, breaks down the hidden impact of poor trailer management on operations, compliance and safety.Â
DOT Targets Distractions
WASHINGTON — Transportation Secretary Ray LaHood an-nounced last week he will take steps to try to further curb distracting driving activities such as text messaging or using a cell phone or a Global Positioning System device.
August 10, 2009Stopping Short
There were no surprises in the new federal rule designed to improve the braking power of a standard, fully loaded, tractor-trailer by almost one-third.
August 3, 2009Rule Won’t Require Overhaul of Braking Systems, Experts Say
The National Highway Traffic Safety Administration’s decision to cut the maximum allowed stopping distance for large trucks by 30% will increase truck buyers’ costs somewhat, but will not force a widespread shift to new technology such as air disc brakes, industry groups and manufacturers said.
August 3, 2009Goodyear Takes 2Q Loss
Goodyear Tire & Rubber Co. said Thursday it lost $221 million in the second quarter as sales fell 25%.
July 30, 2009Cummins’ Second-Quarter Profit Plunges
Diesel engine maker Cummins Inc. said Thursday its second-quarter profit plunged 81% due to sharply lower sales volumes.
July 30, 2009Iteris’ Income Falls for Fiscal 1Q
Iteris Inc., which makes lane-departure warning systems for the trucking industry, said Thursday its fiscal first-quarter profit decreased from a year ago.
July 27, 2009Letters: Nitrogen in Tires, Brokers Revisited, Impossibly Low Rates, California Reefers, It’s All About Freight, Squeaky Wheels
In reference to the story, “Safeway Fleet Set to Fill Tires With Nitrogen,” which appeared July 6 on p. 8, I have been using nitrogen in my fleet since 2005. We have noticed that the tires stay at a constant pressure, and we have been able to get well over 250,000 miles out of our drive tires and 150,000 miles out of our steer tires.
July 27, 2009Ryder’s Second-Quarter Income Drops
Ryder System said Thursday its second-quarter profit fell to $22.9 million, or 41 cents a share, from $62.9 million, or $1.09, a year earlier.
July 23, 2009