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In early July, a top Daimler Trucks official told reporters that fellow German company Volkswagen would make a bid to buy American truck maker Paccar. VW denied it the rumor at the time, and now Paccar has come out with a statement as well.
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YRC Worldwide Inc. cut it second quarter net loss to $4.9 million, or 16 cents per share, from $15.1 million, or $1.72 per share, from the same time a year ago.
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Congress is inching ever closer to the edge of insolvency for the Highway Trust Fund. On Thursday afternoon the House rejected the Senate’s bill to patch the Fund into December and sent its original bill back to the upper chamber.
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CRST International’s Board Chairman John Smith and President and CEO, Dave Rusch, broke ground on the former First Street Parkade site for the new $37 million world headquarters in downtown Cedar Rapids, Iowa.
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Accuride Corp. says its Fix and Grow strategy is working, reporting operating income for the second quarter doubled year over year. The first half of 2014 is the first time it's reported positive net income since 2007.
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Daniels Tired Service, a 14-location commercial, consumer and OTR tire dealership is celebrating 75 years as a Goodyear Tire and Rubber customer.
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The asset-light trucking and logistics service provider, Roadrunner Transportation Systems, has reported a small increase in its second quarter profit while revenue gained 36.6%.
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Sales were down slightly for Meritor in its third fiscal quarter, but partly thanks to a settlement of an antitrust suit with Eaton, it saw net income of $234 million, compared to a net loss of $38 million in the same period last year.
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“While continuing the work of implementing our turnaround plan, the progress we are making is evident in virtually every area of our business,” said President and CEO John Simone.
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A new study has confirmed that state enforcement disparities create uneven safety playing fields for motor carriers that have different operating patterns and mileage exposure in the lower 48 states.
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