Business

Universal Truckload Services said its net income plunged 95.8% to $100,000, or 1 cent per share, from $3.3 million, 21 cents, a year ago.

Navistar International Corp. said Monday that it has received total hybrid vehicle certification from the California Air Resources Board, becoming the first truck and bus manufacturer to do so.

The California Air Resources Board has adopted a low-carbon fuel regulation that targets cutting greenhouse gas emissions from the state’s transportation fuels by 10% by the year 2020.

Swedish truck maker Scania AB’s first-quarter net income fell 93% on lower demand, the Associated Press reported Monday.

General Motors Corp. could be majority owned by the federal government under a restructuring plan that will cut 21,000 U.S. factory jobs by next year and phase out the company’s Pontiac line, the Associated Press reported Monday.

Ocean shipper Horizon Lines lost $10 million, or 33 cents a share, in the first quarter, compared with a profit of $700,000, or 7 cents a share, a year earlier.

I agree with the letter writer’s arguments concerning the liability aspects of drivers on top of trailers unless proper fall safety equipment is used.

Legislation introduced by two prominent members of the Senate Finance Committee could go a long way toward taking the air out of some politicians’ stampede to raise short-term revenue by leasing out or selling public highways and other public assets.

Union Pacific Corp.’s petition seeking Surface Transportation Board permission to limit the railroad’s common carrier freight-hauling responsibilities has elicited a common response from nearly all other interested parties: Absolutely not.