Oshkosh’s Fiscal First-Quarter Earnings Slip; Sales Rise
Specialty truck maker Oshkosh Truck Corp.’s fiscal first-quarter profit fell to $41.2 million or 55 cents a share, from $53.1 million or 72 cents a year earlier, the company said Friday.
February 2, 2007Daily Briefings from Transport Topics
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Canadian For-Hire Companies’ Revenue Rose in 2Q ’06
There were an estimated 3,336 for-hire trucking companies based in Canada with annual revenues of $1 million or more in the second quarter of 2006, almost unchanged from the same quarter in 2005, Statistics Canada said Thursday.
February 1, 2007Truck Suppliers See Obstacles in Push for ‘World’ Vehicle
LAS VEGAS — Leading heavy-duty truck components manufacturers said technology exists today to build a safer, environmentally friendly and low-cost heavy-duty “world truck,” but major obstacles are consumer acceptance and the lack of a single global standard for emissions and safety technology.
February 1, 2007Scania’s Fourth-Quarter Income Rises as MAN Drops Hostile Bid
Swedish truck maker Scania AB posted a fifth straight gain in quarterly income and German rival MAN AG dropped a hostile takeover bid in favor of friendly negotiations, Bloomberg reported.
February 1, 2007Japan’s Hino Motors’ Fiscal Third-Quarter Profit Falls 45%
Hino Motors Ltd., Japan’s largest maker of heavy-duty trucks, saw its fiscal third-quarter profit drop 45% as the company spent more to develop new models and expand production, Bloomberg reported.
January 31, 2007Shippers Back Increasing Weight Limit for Trucks
Click here to write a Letter to the Editor.WASHINGTON — Shippers would like to see a switch to larger trucks, and U.S. safety inspectors monitoring size-and-weight rules could have more technology at their disposal in the coming years, according to a Transportation Research Board panel discussion here.
January 31, 2007Crude Oil Price Posts Biggest Gain Since September 2005
Crude oil futures posted their biggest one-day gain Tuesday since September 2005, rising on forecasts of continuing cold weather and expectations of a stronger U.S. economy, Bloomberg reported.
January 30, 2007Paccar Reports Higher Income, Revenue for 4Q, 2006
Heavy-duty truck maker Paccar said Tuesday its fourth-quarter profit rose 22% to $380.5 million or $1.52 a share, from $312.9 million or $1.22 a year earlier.
January 30, 2007ArvinMeritor’s Fiscal First-Quarter Earnings Decline
Components maker ArvinMeritor Inc. said its fiscal first-quarter earnings fell to $7 million or 10 cents a share, from $34 million or 49 cents a year earlier, as it said it faced challenges from the automotive, light-duty and heavy-duty truck segments.
January 30, 2007Freightliner to Cut About 2,000 Jobs in Oregon, North Carolina
Truck manufacturer Freightliner LLC plans to lay off about 800 of its 1,700 workers in Portland, Ore., and stop making Freightliner trucks in that city, the Associated Press reported.
January 29, 2007