Daimler AG said Friday its trucks division posted a 21% jump in first-quarter sales to 107,700 vehicles, as demand in North America and Asia more than made up for declines in Europe and Latin America.
April 27, 2012Business
U.S. Package Operations Help Boost UPS’ 1Q Earnings
UPS Inc. posted a 6% increase in first-quarter net income, boosted by the performance of its U.S. package operations.
April 30, 2012GovernmentBusinessSafetyLogisticsAutonomous
Swift Opposes Advocating Heavier Trucks on U.S. Interstates, CEO Moyes Says
MISSISSAUGA, Ontario — Swift Transportation Inc. opposes the trucking industry’s lobbying efforts toward allowing heavier trucks on interstate highways in the United States, the company’s CEO told a gathering of Canadian trucking executives.
April 30, 2012BusinessAutonomous
Many Fleets Report Gains on Higher Rates, Volumes
Eight of nine publicly traded trucking fleets reporting quarterly earnings last week achieved improved results, relying on either higher rates or volume increases, or both.
April 30, 2012BusinessFuel
Diesel Falls 4.2¢ to $4.085, Slips Below Year-Ago Level
Retail diesel prices dropped by 4.2 cents a gallon to $4.085 last week — the second straight decline — after hitting the high point for this year, the Department of Energy reported.
April 30, 2012BusinessSafetyGovernmentLogistics
TransForce Earnings, Revenue Improve
Canadian transportation firm TransForce Inc. said its first-quarter profit improved, boosted by acquisitions.
April 27, 2012BusinessGovernment
Arkansas Best’s 1Q Loss Widens
Arkansas Best Corp. on Friday said its first-quarter loss widened from a year ago, in part due to a low corporate tax benefit rate, high workers’ compensation costs and investments in sales, customer service and information technology.
April 27, 2012BusinessGovernmentLogistics
Consumer Confidence Reaches Highest in a Year
Consumer confidence rose in April to the highest level in a year, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
April 27, 2012BusinessLogistics
Intermodal Traffic Rises 6% for Week
U.S. intermodal traffic climbed 6% for the week ended Saturday from a year ago, the Association of American Railroads said.
April 27, 2012BusinessLogistics
Universal Truckload’s Profit Improves
Universal Truckload Services’ first-quarter net income rose to $3.6 million, or 23 cents a share, from $2.9 million, or 19 cents, a year ago.
April 27, 2012