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Cummins Earnings Increase 56%

Diesel engine maker Cummins Inc. said Thursday it earned $220 million or $4.38 a share in the second quarter, up 56% from $141 million or $2.83 a year earlier.

July 27, 2006

Universal Reports Record Net Income, Revenue

Universal Truckload Services said late Wednesday its net income for the second quarter increased 23.1% to a record $5.4 million or 33 cents a share, up from $4.4 million or 27 cents in 2005. Revenue rose 19.9% to $95.8 million.

July 27, 2006

Second-Quarter Operating Income for DaimlerChrysler's Truck Group Rises

DaimlerChrysler, the parent company of truck maker Freightliner LLC, said its Truck Group division posted a second-quarter operating profit of 704 million euros, up 34% from 524 million euros in 2005.

July 27, 2006

GM Reports Net Loss Of $3.2 Billion on Charges, Restructuring Costs

General Motors Corp. reported Wednesday a net loss of $3.2 billion or $5.62 a share, compared with a loss of $987 million or $1.75 a year ago.

July 27, 2006

Jobless Claims Fall by 7,000 for Week

First-time jobless claims fell by 7,000 to 298,000 last week, the Labor Department reported Thursday.

July 27, 2006

June Durable Goods Orders Rise 3.1%

Durable goods orders rose more than forecast in June on demand for computers and commercial aircraft, the Commerce Department reported Friday.

July 27, 2006

YRC Reports Increased Earnings, Revenue

Less-than-truckload carrier YRC Worldwide late Thursday reported its second-quarter earnings rose to $92.3 million or $1.58 a share, from $76.1 million or $1.38 cents in the same quarter last year.

July 27, 2006

Navistar Amends $1.5 Billion Term Loan Facility

Navistar International, the parent company of truck and engine manufacturer International Truck and Engine Corp., amended a $1.5 billion term loan facility to borrow the remaining balance, the Associated Press reported Wednesday.

July 26, 2006

P.A.M. Reports Higher 2Q Earnings, Revenue

Truckload carrier P.A.M. Transportation Services Wednesday reported its second-quarter net earnings jumped to $5.2 million or 51 cents a share, from $3.7 million or 33 cents a year ago.

July 26, 2006

Security & Safety Briefs — July 20 - July 26

Panel Sends FMCSA Nominee Hill to Senate • Department of Agriculture to Reduce Mad Cow Tests • Teen Confesses to Ind. Highway Shootings

July 26, 2006