Volvo AB Friday reported its second consecutive quarterly loss and predicted a decline in European and North American truck markets, Bloomberg reported.
April 24, 2009Search
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Shippers Oppose Petition By Union Pacific Seeking STB Permission to Decline Hazmat
Union Pacific Corp.’s petition seeking Surface Transportation Board permission to limit the railroad’s common carrier freight-hauling responsibilities has elicited a common response from nearly all other interested parties: Absolutely not.
April 27, 2009Companies Pushing for Higher Premiums to Compensate for Losses on Investments
The long downward trend in insurance rates for fleets may be coming to an end as more insurers push for higher premiums to make up for investment losses and as fewer underwriters compete for the business.
April 27, 2009Letters: Rooftop Snow (Cont.), GVW Increase, Truck APUs
I agree with the letter writer’s arguments concerning the liability aspects of drivers on top of trailers unless proper fall safety equipment is used.
April 27, 2009Intermodal, Rail Traffic Fall for Week
Intermodal rail traffic fell 18.3% for the week ended Saturday, compared with the same week last year, the Association of American Railroads said Thursday.
April 23, 2009Ryder’s 1Q Income Plunges 88%
Ryder System said Wednesday its first-quarter profit fell 88% and that it was suspending earnings forecasts for future quarters due to the uncertain economy.
April 22, 2009Arkansas Best Reports $18 Million 1Q Loss
Arkansas Best Corp. Wednesday reported a first-quarter loss of $18.2 million, or 73 cents a share, compared with a profit of $8.5 million, or 34 cents, a year ago.
April 22, 2009Load Volumes Decline for Logistics Firms but Gross Margins Rise, Voltmann Says
Freight brokers and logistics providers, who met earlier this month in San Antonio, provided more evidence of the bleak condition of the freight transportation business and also moved to gather data on the size of their segment of the industry.
April 21, 2009Knight’s First-Quarter Income Improves
Truckload carrier Knight Transportation’s first-quarter profit rose to $11.7 million, or 14 cents a share, from $11.4 million, or 13 cents, a year ago.
April 22, 2009Hino 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