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Quality Reports Record Profit; Per-Share Earnings Double
Tank truck carrier Quality Distribution late Monday reported second-quarter net income of $5.5 million or 28 cents a share, up from $2.7 million or 14 cents a year ago.
August 8, 2006Wabash National Postpones 2Q Earnings Release
Trailer maker Wabash National Corp. said it would postpone its second-quarter earnings release originally scheduled for Tuesday, due to the need to finalize its financial statements.
August 8, 2006Diesel Shortages in Colorado Prompt Warning to Truckers
A diesel-fuel shortage in Colorado has prompted some trucking companies to advise drivers to avoid the state or refuel before they get to Colorado, the Associated Press reported Monday.
August 7, 2006ArvinMeritor Plans New Plant in China
Heavy-duty components maker ArvinMeritor said Monday it will open a new plant in China to build axles and suspensions for trailer manufacturers in that country, and for export markets in North America and Europe.
August 7, 2006Kenan Advantage Group Acquires Bulk Express
Bulk transportation and logistics company Kenan Advantage Group said last week it bought Bulk Express, a transporter of high-temperature products such as coal and asphalt.
August 7, 2006Technology Briefs — August 1 - August 7
Performance, AtRoad In Onboard Systems Deal • Paccar Leasing Creates PacTrac Truck System • Con-way Updates Web Site for Account Access • Xata Reports 68% Increase in 3Q Shipments • And more...
August 7, 2006Illinois Firm Navman Creates Tracking System
Technology firm Navman Wireless Business Solutions said it has developed a new truck tracking system that allows carriers to map vehicle and driver locations.
August 7, 2006Fleets Save Fuel With Attention to Tire Maintenance, Upkeep
As fleets seek to reduce operating costs to offset surging fuel prices, improving tire maintenance is near the top of the list for both carriers and tire manufacturers.
August 7, 2006Alaska Oil Pipeline Shutdown Pushes Crude Near $77 a Barrel
Oil prices rose more than $2 a barrel to near $77 Monday after oil company BP closed a pipeline in Alaska removing the equivalent of 8% of U.S. crude production, news services reported.
August 7, 2006Senate Confirms Hill as FMCSA Administrator
The Senate has confirmed John Hill as administrator of the Federal Motor Carrier Safety Administration, an FMCSA official said Friday.
August 4, 2006