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Government, Business, Safety, Fuel

Volvo’s Second-Quarter Earnings Plunge

Bruce Harmon/Trans Pixs

Truck maker Volvo AB posted its biggest profit decline in 18 months after stricter emissions rules caused U.S. truck sales to plunge 54%, Bloomberg reported Wednesday.

July 25, 2007
Business, Government

Arkansas Best’s 2Q Profit Falls

Arkansas Best Corp. said Wednesday its second-quarter net income fell to $19.6 million or 78 cents a share, from $29 million or $1.13 a year ago.

July 25, 2007
Business, Government

House Vote Blocks Mexican Trucks Plan

DOT Secretary Mary Peters — James Kim for DOT

The House voted late Tuesday to block the Bush administration’s planned Mexican trucks program, limiting visiting trucks to the current border-area zone, Bloomberg reported.

July 25, 2007
Business, Safety, Government

Covenant Reports 2Q Loss

Covenant Transportation Group said Wednesday it lost $11.3 million or 80 cents a share, compared with a loss of $398,000 or 3 cents a year earlier.

July 25, 2007
Government, Business, Safety

Court Issues Split Ruling on Drivers’ Hours of Service Rule

TT File Photo

A federal court issued a split ruling Tuesday on the government’s rules governing truck driver hours of service, rejecting a petition by a group representing owner-operators but granting a separate request by a public safety advocate group.

July 25, 2007
Business, Safety, Government, Logistics

C.H. Robinson’s 2Q Income Jumps 24%

Transportation and logistics firm C.H. Robinson Worldwide’s second-quarter profit jumped 24% to $82.3 million or 47 cents a share, from $66.6 million or 38 cents a year ago.

July 25, 2007
Business, Fuel, Safety, Government

Paccar’s 2Q Income Dips on Lower Sales

Heavy-duty truck maker Paccar Inc. said Tuesday its second-quarter profit fell 19% as North American heavy-duty truck demand declined due to new U.S. clean air regulations.

July 24, 2007
Business, Fuel, Government, Safety

Forward Air’s Income Dips; Plans to Buy Indiana Carrier

Forward Air Corp., a contractor to the air cargo industry, reported its second-quarter profit declined, and the company said it would acquire an Indiana carrier.

July 24, 2007
Government, Business, Safety

Marten’s Second-Quarter Earnings Drop

Refrigerated truckload carrier Marten Transport’s second-quarter net income plunged 42% due to lower freight rates and reduced revenue per truckload.

July 24, 2007
Fuel, Business, Logistics, Government

Diesel Holds at $2.889; Gas Drops 9.1¢ to $2.958

Bruce Harmon/Trans Pixs

Diesel fuel’s national average pump price held at last week’s level of $2.889 a gallon, while gasoline plunged 9.1 cents to $2.958, the Department of Energy said Monday.

July 24, 2007

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