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Delphi Lost $5 Billion in 2006
Bankrupt auto-parts maker Delphi Corp. lost $5.1 billion in 2006, including a $2.9 billion restructuring charge, the Detroit News reported Wednesday.
February 1, 2007Truck Suppliers See Obstacles in Push for World Vehicle
LAS VEGAS Leading heavy-duty truck components manufacturers said technology exists today to build a safer, environmentally friendly and low-cost heavy-duty world truck, but major obstacles are consumer acceptance and the lack of a single global standard for emissions and safety technology.
Scanias Fourth-Quarter Income Rises as MAN Drops Hostile Bid
Swedish truck maker Scania AB posted a fifth straight gain in quarterly income and German rival MAN AG dropped a hostile takeover bid in favor of friendly negotiations, Bloomberg reported.
February 1, 2007Saia Buys Wisconsin LTL Carrier for $2.5 Million
Less-than-truckload carrier Saia Inc. said Thursday it has acquired Wisconsin-based LTL company Madison Freight Systems for about $2.5 million.
February 1, 2007Canadian For-Hire Companies Revenue Rose in 2Q 06
There were an estimated 3,336 for-hire trucking companies based in Canada with annual revenues of $1 million or more in the second quarter of 2006, almost unchanged from the same quarter in 2005, Statistics Canada said Thursday.
February 1, 2007Saias Fourth-Quarter Income Declines
Saia Inc. said Wednesday its fourth-quarter net income fell to $5.2 million or 35 cents a share, from $10.7 million or 73 cents for the previous fourth quarter.
January 31, 2007Security & Safety Briefs Jan. 25 - Jan. 31
TSA Awards TWIC Contract to Lockheed Martin Canada Passes Border Security Bill Railroads to Get More Safety Scrutiny EU Customs Chief Criticizes Cargo-Screening Measure
January 31, 2007Japans Hino Motors Fiscal Third-Quarter Profit Falls 45%
Hino Motors Ltd., Japans largest maker of heavy-duty trucks, saw its fiscal third-quarter profit drop 45% as the company spent more to develop new models and expand production, Bloomberg reported.
January 31, 2007Shippers Back Increasing Weight Limit for Trucks
to write a Letter to the Editor.
WASHINGTON Shippers would like to see a switch to larger trucks, and U.S. safety inspectors monitoring size-and-weight rules could have more technology at their disposal in the coming years, according to a Transportation Research Board panel discussion here.
Construction Spending Declines 0.4% in December
U.S. construction spending fell 0.4% December, the Commerce Department said Wednesday.
January 31, 2007