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Navistar International Corp. announced a second quarter net loss of $374 million, or $4.65 per diluted share, compared to a second quarter 2012 net loss of $172 million, or $2.50 per diluted share. At the same time, it said it has seen a strong increase in May Class 8 orders and announced it will start adding SCR aftertreatment to its medium-duty trucks.
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Double Coin Tires and CMA announced that construction is to start on the company’s newest distribution center.
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FedEx Freight, a subsidiary of FedEx Corp., will increase shipping rates by an average of 4.5%, effective July 1.
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Yesterday, the U.S. Congress introduced bipartisan legislation to equitably tax liquefied natural gas as a transportation fuel. Senators Michael Bennet (D-CO) and Richard Burr (R-NC) introduced the legislation, titled the “LNG Excise Tax Equalization Act of 2013” (S.1103).
Read More →A National Highway Traffic Safety Administration notice says an internal defect in the ignition switch causes the starter to engage when a key is partially inserted before the key is turned, and could cause injury to a person working in the engine compartment. Vehicles with standard transmissions may experience unexpected movement, which may result in personal injury or a crash.
Read More →Alcoa's new $21 million Alcoa Wheel and Transportation Products cast house expansion at its Barberton, Ohio, plant is expected to cut in half the total amount of energy used to recycle aluminum for forged wheels.
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The 2013 Fleet Safety Conference, scheduled for June 25-27 at the Renaissance Schaumburg Convention Center Hotel, in Schaumburg, Ill., will feature a session on what fleets should know about the federal government's increased scrutiny of the health and wellness of commercial drivers, from tougher medical card requirements to sleep disorders.
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Less-than-truckload carrier Old Dominion expects growth in tonnage per day to increase in a range of 5.0% to 5.5% compared to the second quarter of 2012, versus its previous expectation of an increase in a range of 4.5% to 5.0%.
Read More →Despite a drop in trucking jobs in May, employment in the for-hire trucking segment is up greatly from earlier levels, with about 40,000 jobs being added in the past 12 months and around 152,000 added from three years ago.
Read More →Major Canadian carrier Vitran Corp. will close seven terminals in the western part of the U.S. and focus on its core East Coast business, signing interline agreements with two U.S. carriers to handle its Western U.S. routes.
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