Monthly Archives: July 2011

Truckstop Electrification Program Opens First Location on I-84 in Oregon

The Baker Truck Corral on I-84 will provide electric shore power starting August 12. It is the first electrified truckstop parking location to become operational as part of the national Shorepower Truck Electrification Project program funded by the US Dept. of Energy. It is the first of 50 truckstops across the country that will be [...]

Initial Jobless Claims Fall 24,000 for Week

 Updated: 7/28/2011 8:45:00 AM Initial jobless claims dropped last week by 24,000 to 398,000, the lowest level since April, the Labor Department said Thursday. Economists had called for a rate of 415,000, Bloomberg reported. The prior week’s claims, initially reported at 418,000, were revised to 422,000. The four-week moving average, a less volatile measure, fell [...]

Carriers Looking at Acquisitions

"Carriers are looking for partners to 'tango' with as volume and rate expectations are very positive." That's the comment of Richard Mikes, partner at Transport Capital Partners, about what the group's most recent Business Expectations Survey says about attitudes toward buying or selling trucking companies. Looking ahead, over half of the motor carriers said they [...]

Oshkosh’s 3Q Income Declines

 Updated: 7/28/2011 9:00:00 AM Specialty truck maker Oshkosh Corp. said Thursday its fiscal third-quarter profit dropped from a year ago as sales of military vehicles declined. Net income fell to $68.4 million, or 75 cents per share, from $211.2 million, or $2.31, a year before. Net sales for the quarter ended June 30 fell to [...]

CRST Acquires Specialized Transportation

CRST International acquired Specialized Transportation, a provider of customized supply chain solutions for products that require high touch support, special handling and equipment, and value added on-site services. Both companies are privately held. STI, an independent company since 2004, was formerly the High Value Products/Logistics Division of North American Van Lines. Headquartered in Ft. Wayne, [...]

Pacer Triples Its Second-Quarter Profit

 Updated: 7/28/2011 2:30:00 PM Pacer International on Thursday reported second-quarter earnings that were three times higher than the same quarter a year ago. Pacer earned $4.2 million, or 12 cents a share, up from $1.4 million, or 4 cents, a year ago. Revenue slipped to $386.3 million, from $401 million. Income from operations rose to [...]

Rush Enterprises Second Quarter Revenues Up Over 100%

Rush Enterprises, which operates the largest network of commercial vehicle dealerships in North America, announced results for the second quarter of 2011. In the second quarter, the company's gross revenues totaled $662 million, a 100.7% increase from gross revenues of $329.8 million reported for Q2 2010. Income from continuing operations for the quarter was $12.5 [...]

Dana’s 2Q Income Jumps; Company Boosts Outlook

 Updated: 7/28/2011 10:00:00 AM Component maker Dana Holding Corp. said Thursday its second-quarter income jumped from a year ago and the company raised its earnings outlook for the year.   The truck axle and frame maker earned $61 million, or 32 cents per share, compared with $1 million, or zero cents, a year ago. Adjusted [...]

FMCSA and DOT Schedule National Motorcoach Safety Summit and Regional Roundtables to Strengthen Motorcoach Safety

In an effort to strengthen motorcoach safety, the Federal Motor Carrier Safety Administration (FMCSA) is coordinating the Department of Transportation’s National Motorcoach Safety Summit this September. The strategic objectives for the National Summit are: Increase awareness of the importance of safety and enforcement among all stakeholders - industry, law enforcement, consumer groups, and safety advocates [...]

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