UPS Inc. said Tuesday it earned $254 million, or 25 cents per share, in the fourth quarter, though its revenue declined and it warned this year would be difficult in light of the struggling economy.
February 3, 2009Search
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Maryland Approves Truck Toll Increase
The Maryland Transportation Authority has approved increased truck tolls its seven toll facilities, the Associated Press reported.
February 3, 2009Scania’s 4Q Profit Declines
Swedish truck maker Scania AB’s fourth-quarter net income fell to about $180 million, or 23 cents a share in the first quarterly earnings drop in more than three years, Bloomberg reported.
February 3, 2009Covenant Reports Loss for 4Q, Year
Covenant Transportation Group said Tuesday it lost $39.8 million, or $2.83 per share, compared with a profit of $176 million or 1 cent, a year ago.
February 3, 2009Senate GOP Blocks Additional $25 Billion for Highways
Senate Republicans Tuesday blocked a proposal to add billions of dollars of highway and mass transit funding to the economic stimulus bill continuing to shape, the Associated Press reported.
February 3, 2009Cummins’ 4Q, Full-Year Profit Declines
Diesel engine maker Cummins Inc. said Tuesday its fourth-quarter profit fell 55% from a year ago, due to declining demand.
February 3, 2009Carrier Logistics Offers Fleets Web-Based Software Product
Carrier Logistics Inc., a software provider focused on less-than-truckload carriers and logistics companies, said that it rolled out a Web-based, pay-as-you-go version of its FACTS freight management software.
February 3, 2009Kenworth, Peterbilt Won’t Attend Mid-America
Paccar Inc. truck makers Peterbilt Motors Co. and Kenworth Truck Co. said they will not attend this year’s Mid-America Trucking Show, and instead will focus their marketing efforts on special events at their factories and dealerships.
January 25, 2009EPA Grants Calif. Request to Enforce Reefer Emissions Rule
California environmental regulators said last week the U.S. Environmental Protection Agency has granted the state a waiver that will allow enforcement of its regulation requiring emission-control retrofits on refrigerated trucks and trailers.
February 3, 2009Paccar Offers Aftermarket Particulate Filter
Paccar Inc.’s parts dealers are offering the company’s Engine Control Systems Purifilter, an aftermarket passively regenerating diesel particulate filter approved by the California Air Resources Board for installation and use in a wide variety of Class 8 trucks.
February 2, 2009