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Eaton Corp’s Board of Directors authorized the company to spend up to $500 million to buy shares of its common stock. The company said it will do this in the open market and, market conditions permitting, expects to complete the repurchases by year-end
Read More →The newly formed ArvinMeritor Inc. reported pro forma combined sales of $2.1 billion for the third fiscal quarter and profits of $84 million. Results included its two predecessor companies, Meritor Automotive and Arvin Industries
Read More →State and local governments would have broad authority to regulate tow truck operators under a bill introduced in the House of Representatives last week
Read More →Four less-than-truckload companies have agreed to participate in a five-year study of the relationship between diesel exhaust and possible health effects on truck drivers
Read More →Despite a dip in earnings caused by higher fuel costs, P.A.M. Transportation Services posted solid second quarter results with an 88.6% operating ratio, said President Robert Weaver
Read More →Paccar Inc. posted second quarter 2000 net income of $131.1 million on sales of $2.0 billion versus net income of $139.5 million on sales of $2.2 billion a year earlier. First half net income was a record $268 million, up 10% from the first half of 1999.
Read More →Consolidated Freightways Corp. is moving its Northern California headquarters to the Portland/Vancouver region
Read More →The U.S. Department of Transportation has announced a direct loan and loan guarantee program for railroads that will provide up to $3.5 billion in loans, including $1 billion for projects benefiting shortline and regional railroads. The Railroad
Read More →Transportation officials have given the Atlanta area the okay to move ahead with a revised transportation plan designed to clean up air pollution in the metro Atlanta area. The Federal Highway Administration and Federal Transit Administration, along
Read More →There’s nothing a trucker enjoys more than moving, preferably on something with a big motor and wheels ... and it really doesn’t matter how many wheels. About 20 truckers and their spouses jumped on 30 two-wheelers —
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