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News Briefs - July 23

Arkansas Best Chairman Marquard Retires • Yellow Roadway Earns $46.9 Million in 2Q • USF Posts Loss on Red Star Expenses • Profits, Engine Sales Surge at Cummins • And more...

July 23, 2004

ArvinMeritor Names McClure as Chairman, CEO

Vehicle parts maker ArvinMeritor Inc. said Thursday it named Charles "Chip" McClure as its new chairman, chief executive officer and president effective Aug. 9..

July 22, 2004

Trucks Sales Rise 35.6%

U.S. retail sales of Class 8 trucks surged 35.6% in June to their highest level in almost four years, prompting truck makers to further increase their production rates.

July 22, 2004

News Briefs - July 22

UPS' 2Q Profits Rise 18% • Profits Fall at USA Truck Despite Record Revenues • Caterpillar's Profits Rise as Engine Sales Surge • LEI Falls for First Time Since March 2003 • And more...

July 22, 2004

IG Calls FMCSA Data 'Poor,' Questions Computer Funding

The Department of Transportation’s inspector general said that information the Federal Motor Carrier Safety Administration uses to track trucking companies was so “poor†that he questioned the agency’s request for funds to upgrade its computer system.

July 22, 2004

Economy’s Growth Benefits Most TT 100 Top For-Hire Carriers

A tentative business recovery that gathered steam in 2003 and now appears to be pushing the limits of freight-hauling capacity boosted revenue and profits for most, but not all, of the carriers on the 2004 edition of the Transport Topics 100 list of the largest U.S. and Canadian for-hire carriers.

July 21, 2004

Editorial: Mergers, Acquisitions Reshape TT 100 Rankings

Click here to write a Letter to the Editor. Mergers and acquisitions were the primary moving force behind the changes in the trucking industry last year, as reflected in our 2004 TT 100 ranking of for-hire carriers that is included in this issue of Transport Topics.

July 21, 2004

Trucking Group Cites 'Unreliability' of SafeStat's Carrier Information

American Trucking Associations urged businesses not to use data from SafeStat, the government’s system for tracking motor-carrier safety records, to make decisions or company comparisons because the data may be inaccurate.

July 21, 2004

Railroads Failed to Report Crossing Accidents, N.Y. Times Says

Railroads have failed to promptly and accurately report hundreds of accidents at grade crossings over the past eight years, the New York Times reported in a two-part series published July 11 and July 12.

July 21, 2004