Arkansas Best Reports First-Quarter Loss
Arkansas Best Corp. reported a first-quarter loss, as higher revenue and tonnage at its less-than-truckload unit ABF Freight System were offset by higher wage and benefit costs.
April 30, 2013Infographic: Ryder’s Foundation for a Successful Freight Brokerage
Globally, supply chains are facing unprecedented levels of disruption. As a result, shippers and carriers are challenged more than ever to keep goods moving while remaining profitable. While most brokerages point to technology as the key to achieving success, today’s setbacks have proven that technology alone isn’t enough.
Cummins’ 1Q Income Declines
Engine maker Cummins Inc. said Tuesday its first-quarter earnings slipped from a year ago on “weaker demand in most major geographies and end markets.”
April 30, 2013Navistar Starts Shipping ProStars with MaxxForce Engines
Navistar International Corp. said it has begun shipping International ProStar truck models powered by its MaxxForce 13-liter engine ahead of schedule.
April 30, 2013Diesel Declines for Ninth Week, Falling 3.6¢ to $3.851; Gas Dips 1.6¢
Diesel fell for the ninth straight week, dropping 3.6 cents to $3.851 per gallon, the Department of Energy reported.
April 30, 2013Allison’s First-Quarter Income Declines
Allison Transmission Holdings said its first-quarter income and revenue declined from a year ago, on lower demand from the North American hydraulic-fracturing market.
April 30, 2013Consumer Confidence Improves in April
Consumer confidence rebounded in April from a decline in March, the New York-based Conference Board said Tuesday.
April 30, 2013Chicago Manufacturing Activity Contracts in April
Manufacturing activity in the Chicago area contracted in April, the Institute for Supply Management-Chicago said Tuesday.
April 30, 2013Obama Names Charlotte Mayor Anthony Foxx to Succeed LaHood at DOT
President Obama said Monday he will nominate Charlotte, N.C., Mayor Anthony Foxx to be the next secretary of transportation, succeeding Ray LaHood, who is stepping down.
April 29, 2013Daimler Begins Production of New Transmissions
GAGGENAU, Germany — Full production of Daimler Trucks’ first automated manual transmission for the North American market began here Monday at the company’s machining and assembly plants around this city as officials and journalists toured the facilities.
April 29, 2013Frozen Food Express’ 1Q Loss Narrows
Frozen Food Express Industries said late Monday its first-quarter loss narrowed from a year ago and its less-than-truckload operations improved.
April 29, 2013