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The financially troubled parent of several trucking companies, including YRC Freight, hopes to borrow $1.15 billion to refinance its debt, according to Bloomberg News.
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Multi-regional, less-than-truckload carrier Saia has reported third-quarter revenue of $293 million, an increase of 5.4% from the same time in 2012.
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Westport Innovations Inc. reported financial results for the second quarter ended June 30, 2013 and provided an update on operations. Westport revenue, excluding joint ventures' revenues, for the quarter ended June 30, 2013 was $34.9 million compared with $49.1 million for the same period last year. The prior quarter period included $14.1 million of service and other revenue recognized under OEM development agreements, including a one-time license revenue of $8.0 million.
Read More →Con-way Inc. reported 2013 second-quarter net income of $42.9 million, or 75 cents per diluted share. The results compare to second-quarter 2012 net income of $41.8 million, or 74 cents per diluted share.
Read More →For the third quarter of fiscal year 2013, Meritor posted sales of $993 million, down 11% from the same period last year. This decrease was primarily due to lower sales in North America, the company's military business and China.
Read More →Rush Enterprises Inc., which operates the largest network of commercial vehicle dealerships in North America, announced that for the quarter ended June 30, 2013, the company's net income was $5.6 million, or $0.14 per diluted share, compared with net income of $17.4 million, or $0.44 per diluted share, in the quarter ended June 30, 2012.
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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.
Read More →Con-way Inc. reported 2013 first-quarter net income of $14 million, or 25 cents per diluted share. The results compare to first-quarter 2012 net income of $25.6 million, or 46 cents per diluted share.
Read More →Meritor Inc. reported financial results for its second fiscal quarter ended March 31, 2013, which included that its sales were $908 million, down $252 million or 22 percent, from the same period last year.
Read More →Arkansas Best Corp. reported a first quarter 2013 net loss despite continued encouraging trends in its emerging businesses. Year-over-year revenue and tonnage growth at LTL carrier ABF Freight System, Inc., were offset by higher wage and benefit costs for employees represented by the International Brotherhood of Teamsters.
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