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Volvo’s Earnings Improve; Truck Orders Drop

Volvo AB said Wednesday its second-quarter earnings jumped 28%, as rising sales in Europe overcame a downturn in North America, Bloomberg reported.

July 23, 2008

Vitran Reports Lower 2Q Income

Vitran Corp. said Wednesday its second-quarter profit fell 16% to $4.6 million, or 34 cents a share, from $5.5 million, or 41 cents, a year earlier.

July 23, 2008

Ryder Reports Mixed 2Q Earnings

Ryder System Wednesday reported a second-quarter profit of $62.9 million, or $1.10 per share, compared with $65.1 million, or $1.07 per share, a year ago.

July 23, 2008

Arkansas Best’s 2Q Income Declines

Arkansas Best Corp. said Wednesday its second-quarter profit fell 17% to $16.2 million, or 64 cents a share, from $19.6 million, or 78 cents, a year ago.

July 23, 2008

Knight Reports Lower 2Q Earnings

Truckload carrier Knight Transportation’s second-quarter profit fell to $12.7 million, or 15 cents a share, from $18.2 million, or 21 cents, a year ago.

July 24, 2008

Con-way’s Second-Quarter Income Gains

Con-way Inc. said its second-quarter net income increased to $48.7 million, or $1.02 per share, from $46.4 million, or 96 cents, a year earlier.

July 24, 2008

House OKs Additional Highway Funding

The House approved a bill by a lopsided margin Wednesday that would restore $8 billion to the federal Highway Trust Fund to avert an expected revenue shortfall in the coming fiscal year.

July 23, 2008

Paccar Sets Executive Promotions

Truck maker Paccar Inc. said that the company’s president, Tom Plimpton, will become vice chairman, and that Jim Cardillo will become its president, effective Sept. 1.

July 23, 2008

Fed ‘Beige Book’ Cites Difficult Economy

U.S. economic activity remained generally weak in June and early July, and several regions reported trucking companies were having a hard time recouping higher costs, the Federal Reserve said Wednesday.

July 23, 2008

Marten’s Second-Quarter Income Dips

Refrigerated truckload carrier Marten Transport’s second-quarter net income fell to $3.5 million, or 16 cents a share, from $4.3 million, or 20 cents, a year ago.

July 23, 2008