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Business, Technology, Equipment, Safety

Ryder Reports Mixed 2Q Earnings

Ryder System Wednesday reported a second-quarter profit of $62.9 million, or $1.10 per share, compared with $65.1 million, or $1.07 per share, a year ago.

July 23, 2008
Business, Equipment

Cummins to Acquire N.C. Engine Company

Diesel engine maker Cummins Inc. said Friday it concluded joint ventures with two companies and that it will purchase a stake in a North Carolina engine company, which will become a Cummins unit.

July 18, 2008
Business, Technology, Equipment, Safety

Landstar’s 2Q Profit, Revenue Rise

Larry Smith/Trans Pixs

Truckload carrier Landstar System said late Wednesday its second-quarter profit rose slightly, while revenue jumped 10%.

July 17, 2008
Business, Equipment

Eaton Reports Higher 2Q Income, Trims Forecast

Vehicle parts manufacturer Eaton Corp. said Tuesday its second-quarter net earnings jumped 35% led by more acquisitions, but the company trimmed its earnings forecast for the year.

July 15, 2008
Business, Equipment

Cummins Boosting Dividend by 40%

Bloomberg News

Diesel engine maker Cummins Inc. said Tuesday it will boost its quarterly cash dividend by 40%, to 17.5 cents per share, from 12.5 cents per share.

July 8, 2008
Business, Safety, Government, Technology, Equipment

Bendix to Offer Automatic Braking for Heavy-Duty Trucks in 4Q

WASHINGTON — Bendix Commercial Vehicle Systems LLC demonstrated here the automatic braking system for heavy-duty trucks it will offer starting in the fourth quarter.

July 7, 2008
Business, Government, Technology, Equipment, Safety

Nokia Gets Antitrust Approval for Navteq Acquisition

Finnish mobile phone maker Nokia received European antitrust approval to complete its $8.1 billion purchase of Navteq Corp., a Chicago-based provider of digital maps for in-vehicle navigation systems.

July 3, 2008
Business, Equipment, Safety

ArvinMeritor to Acquire European Remanufacturer

Heavy-duty components maker ArvinMeritor Inc. said it will buy Trucktechnic, a Belgium-based remanufacturer and distributor of commercial vehicle disc and foundation brakes and components.

July 3, 2008
Business, Government, Equipment

Michelin Boosting U.S. Tire Prices

Tire maker Michelin & Cie. is boosting commercial truck replacement tire prices by as much as 8% in North America, Bloomberg reported.

July 2, 2008
Business, Equipment

Eaton Names Palchak Automotive Group CEO

Heavy-duty truck and auto components maker Eaton Corp. said Thursday it named Joseph Palchak chief executive officer of its automotive group.

June 26, 2008