Daimler AG said Wednesday it lost 1.02 billion euros ($1.4 billion), or 0.99 euros per share ($1.40) in the second quarter, compared with a profit of 1.35 billion euros ($1.9 billion), or 1.40 euros ($1.97), a year ago.
July 29, 2009Search
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Navistar Increases Truck Prices $6,000 to $8,000 for 2010 Engines
Navistar said that its exhaust gas recirculation technology will increase International truck prices by up to $8,000 for the 2010 model year.
July 29, 2009Durable Goods Orders Fall 2.5%
Durable goods orders declined 2.5% in June, but orders excluding transportation equipment increased 1.1%, the Commerce Department said Wednesday.
July 29, 2009Wright Express Sees 2Q Profit
Wright Express Corp. said Wednesday it earned a second-quarter profit of $93.2 million, or $2.36 per share, compared to a loss of $24.4 million, or 63 cents, in the same quarter last year.
July 29, 2009House Votes to Replenish Highway Trust Fund
The House of Representatives voted to transfer $7 billion into the ailing Highway Trust Fund, a move leaders said was necessary to keep the fund solvent through the upcoming congressional recess.
July 30, 2009Fed ‘Beige Book’ Says Decline is Slowing, Transportation Still Weak
The Federal Reserve said Wednesday that almost all Federal Reserve districts are seeing the pace of economic recession slow down, but the transportation sector is still showing signs of weakness.
July 29, 2009Consumer Confidence Retreats in July
Consumer confidence fell in July, the New York-based Conference Board said.
July 28, 2009Pacer to Sell Heavy-Haul Business to Universal Truckload
Pacer International said that it will sell Pacer Transport, its specialized heavy-haul trucking business, to Universal Truckload Services.
July 28, 2009Covenant Reports Loss for 2Q
Covenant Transportation Group said it lost $3.1 million, or 22 cents per share, in the second quarter, compared with a loss of $2.3 million, or 17 cents, a year ago.
July 28, 2009Paccar’s Second-Quarter Income Falls 92%
Heavy-duty truck maker Paccar Inc. said Tuesday its second-quarter profit plunged 92% to $26.5 million, or 7 cents a share, from $313.5 million, or 86 cents, a year ago.
July 28, 2009