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Navistar Reports 3Q Loss; New Leaders Outline Plans
In their second week in charge, the new management team at Navistar International Corp. reported a quarterly loss for the three months ended July 31 and laid out plans for a return to financial health in the wake of the companys recent change in its truck engine emissions strategy.
September 10, 2012FedEx Says Quarterly Profit to Fall 4.1% From Year Ago
FedEx Corp. said its earnings for the three months ended Aug. 31 will probably decline by 4.1% from last years comparable quarter, as weakness in the global economy constrained revenue growth at its Express division.
September 10, 2012FedEx Says Quarterly Profit To Fall 4.1% From Year Ago
FedEx Corp. said its earnings for the three months ended Aug. 31 will probably decline by 4.1% from last years comparable quarter, as weakness in the global economy constrained revenue growth at its Express division.
September 10, 2012Executives Say Political Uncertainty Adds to Challenging Environment
NEW YORK The wavering economy and mounting political uncertainty are combining to intensify the truckings struggle to maintain growth, industry executives and experts said.
September 10, 2012Class 8 Registrations Decline 1.5%, Polk Report Says
The nations heavy-duty truck fleet shrank 1.5% in the second quarter from a year earlier to 3.5 million vehicles, as companies continued purging older trucks but held off buying new ones in response to slow economic growth and regulatory uncertainty, R.L. Polk & Co. said in a new report.
September 10, 2012Diesel Increases 3.8瞽 to $4.127, for Ninth Consecutive Gain
Retail average diesel fuel prices rose 3.8 cents last week to $4.127 a gallon the ninth straight increase the Department of Energy reported, as the oil industry in the Gulf Coast dealt with the aftermath of Hurricane Isaac.
September 10, 2012New Truck Orders Fall 23.4%, But Still Hit 16,200 in August
New heavy-duty truck orders fell 23.4% to 16,200 in August from a year earlier, according to preliminary figures from ACT Research Co., and some truck makers said they plan more downtime at plants in order to trim production.
September 10, 2012EPA Raises Navistar Fines
Truck and engine maker Navistar Inc. can continue selling its noncompliant MaxxForce engines using exhaust gas recirculation, but the penalties will be nearly double what was originally proposed, according to an Environmental Protection Agency final rule that went into effect Sept. 5.
September 10, 2012Wright Express to Buy Fleet One for $369 Million
Payment processing and information management services provider Wright Express said it will buy fuel-card provider Fleet One for $369 million.
September 6, 2012Drivers Dreams Program Seeking Submissions
The Drivers Dreams program is seeking submissions from truck drivers for wishes the newly created program can make come true.
September 6, 2012