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… Read More »Initial Jobless Claims Fall 24,000 for Week
“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… Read More »Carriers Looking at Acquisitions
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… Read More »Oshkosh's 3Q Income Declines
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… Read More »CRST Acquires Specialized Transportation
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… Read More »Pacer Triples Its Second-Quarter Profit
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%… Read More »Rush Enterprises Second Quarter Revenues Up Over 100%
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… Read More »Dana's 2Q Income Jumps; Company Boosts Outlook
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… Read More »FMCSA and DOT Schedule National Motorcoach Safety Summit and Regional Roundtables to Strengthen Motorcoach Safety
“All That’s Trucking” blog by Deborah Lockridge, Editor in Chief With the large number of reality-based TV programs out there, it seems trucking is getting a lot of exposure. “Ice Road Truckers” has been a… Read More »Truckin' TV
Updated: 7/27/2011 9:30:00 AM Celadon Group’s fiscal fourth-quarter net income more than doubled to $5.5 million, or 24 cents per share, from $2.7 million, or 12 cents, a year ago. Revenue for the quarter ended… Read More »Celadon's 4Q Profit Doubles; Full-Year Profit Jumps
Bendix Commercial Vehicle Systems is buying certain assets, including SafetyDirect software and the Lane Departure Warning System, from Iteris. Bendix and parent company Knorr-Bremse plan to incorporate the technologies and associated research, development, sales and… Read More »Bendix Buying Lane-Departure Warning From Iteris
Updated: 7/26/2011 11:00:00 AM Truck and engine manufacturer Paccar Inc. said Tuesday its second-quarter profit rose on higher truck sales, though it trimmed its overall sales outlook for the 2011 North American trucking market. Net… Read More »Paccar's 2Q Profit Rises on Higher Truck Sales