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Volvo, Mack Trucks Issue Voluntary Recall Notices
Volvo Trucks North America and Mack Trucks issued voluntary recall notices for a combined 1,300 Class 8 trucks to fix potential steering system problems.
May 9, 2006Union Pacific, BNSF to Expand Wyoming Track
Western freight railroads Union Pacific and BNSF Railway Co. said they would jointly fund a $100 million track expansion in Wyoming, to boost coal-handling capability.
May 9, 2006EGL Inc. Reports First-Quarter Income, Revenue Gains
Transportation and logistics firm EGL Inc. reported first-quarter net income of $11.1 million or 27 cents a share, up from $7.2 million or 14 cents a year ago.
May 9, 2006GM Amends 1Q Earnings, Reporting a Profit
General Motors Corp. said late Monday it posted a first-quarter profit of $445 million — not a $323 million loss it reported earlier — because of a change in accounting procedures related to costs of a retiree health-care fund.
May 9, 2006DOT’s Transportation Services Index Rises 0.8%
The Transportation Department’s transportation services index rose 0.8% in March from February, and the index’s freight component also increased, DOT said Tuesday.
May 9, 2006Fuel Prices Squeezing Owner-Operators’ Purchasing Power
Independent owner-operators, squeezed by soaring fuel prices, are less likely than fleets to purchase new trucks this year because of rising fuel prices, news reports said.
May 8, 2006FedEx to Expand Indianapolis Air Hub
FedEx Corp.'s FedEx Express unit plans to spend $164 million to boost its parcel-processing capacity at Indianapolis International Airport to handle growth in international shipments, the company said late last week.
May 8, 2006Ryder Sets 2 Million Share Stock Repurchase Plan
Ryder System said Monday that its board authorized repurchase of up to two million shares of its stock.
May 8, 2006Intermodal Traffic Continues to Rise, AAR Reports
Rail intermodal traffic jumped 9.8% in the week ended April 29 over the same week last year, the Association of American Railroads reported.
May 8, 2006Products to Cut Drag Show Fuel Savings in Tests
The National Research Council of Canada said recent wind-tunnel tests showed that some aerodynamic products can help heavy-duty trucks save between two and three gallons of fuel per 100 miles by reducing drag.
May 8, 2006