Ryder System on Tuesday said its first-quarter profit rose from a year ago on higher freight volumes, stronger used vehicle sales and improved rental and leasing revenue.
April 24, 2012Search
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Scania’s Profit Slips as European Truck Demand Stalls
Swedish truck maker Scania AB reported a first-quarter profit but its net income slipped 29% after it cut jobs to prepare for slowing European demand and raised prices on some models, Bloomberg reported Tuesday.
April 24, 2012Canadian Railroads Report Higher Earnings
Canada’s two biggest freight railroads reported higher earnings for the first quarter.
April 24, 2012Paccar’s 1Q Profit Jumps on Higher Truck Sales
Truck and engine maker Paccar Inc. said Tuesday its first-quarter profit rose from a year ago on higher truck and aftermarket sales.
April 24, 2012C.H. Robinson Reports Higher 1Q Profit
Transportation and third-party logistics firm C.H. Robinson Worldwide reported a first-quarter profit of $106.5 million, or 65 cents a share, up from $97 million, or 59 cents, a year earlier.
April 25, 2012Senate Names Transportation Conferees
The Senate has named 14 of its members to serve on the conference committee tasked with ironing out House-Senate differences on a long-term transportation funding bill.
April 24, 2012Illinois Sets Funds to Alleviate No. 1 Trucking Bottleneck
Illinois Gov. Pat Quinn announced Monday a major reconstruction project to add “much-needed capacity to the Circle Interchange in the heart of Chicago.â€
April 24, 2012EPA Sets $20 Million for Clean Diesel Grants
The U.S. Environmental Protection Agency on Monday announced $20 million in grant funding for projects aimed at reducing pollution from diesel vehicles.
April 23, 2012New $100 Million Truck Scale Planned on I-80 Near Port of Oakland
California state officials broke ground Friday on a truck weight scales facility on Interstate 80 in Cordelia, Calif., a move that will help trucks leaving the Port of Oakland, the Contra Costa (Calif.) Times reported.
April 23, 2012iTECH: Technology Helps Fleets Develop New Business
As the U.S. economy continues to progress at a less-than-robust pace and motor carriers looking to improve their bottom line turn to the potentially risky tactic of diversifying their service offerings, experts, tech firms and carrier execs said one way to reduce the risk is to adapt the fleets’ existing technology to the new services.
April 23, 2012