Diesel engine maker Cummins Inc. on Thursday said its fourth-quarter profit rose from a year ago as sales climbed to a quarterly record.
February 3, 2012Business
Philadelphia Manufacturing Index Rises to Four-Month High
Manufacturing activity in the Philadelphia region expanded at a faster pace in January, reaching a four-month high, the Federal Reserve Bank of Philadelphia said Thursday.
February 16, 2012Business, Government
New York Manufacturing Index Jumps
Manufacturing activity in the New York region expanded in February at the fastest rate since June 2010, the Federal Reserve Bank of New York said Wednesday.
February 15, 2012Business
Daimler Trucks’ 4Q Earnings Rise
Daimler Trucks’ fourth-quarter earnings before interest and taxes rose 5% to 422 million euros ($569.7 million), reflecting a 22% increase in worldwide truck sales, parent company Daimler AG said.
February 9, 2012Business
Cummins’ Profit Rises for 4Q, Year
Business
Meritor’s Fiscal 1Q Loss Widens
Truck components maker Meritor Inc. said Thursday it lost $22 million, or 23 cents per share, in its fiscal first quarter, compared with a net loss of $2 million, or 3 cents, a year ago.
February 2, 2012Business, Government
ISM Manufacturing Index Hits 7-Month High
January U.S. manufacturing activity rose to the highest level since June, the Institute for Supply Management said Wednesday.
February 1, 2012Business
Daimler to Add 1,200 Jobs at N.C. Plants in Recovery
MIAMI BEACH, Fla. — With its Class 8 truck order book overflowing and all signs pointing to a continuing market recovery, Daimler Trucks North America said it will add a second shift to its primary U.S. production facility, creating 1,200 new jobs.
January 16, 2012Business
ISM Manufacturing Index Hits 6-Month High
December U.S. manufacturing activity rose to the highest level since June, the Institute for Supply Management said Tuesday.
January 3, 2012Business
Meritor Sells French Axle Operation to Renault Trucks
Truck components maker Meritor Inc. said Monday it sold the assets of its axle manufacturing operation in Saint Priest, France, to Renault Trucks SAS. Terms were not disclosed.
January 3, 2012Business
Navistar's 4Q Profit Jumps; OEM Reports Shortage of Castings
Profit surged at truck and engine maker Navistar International Corp. during the fiscal fourth quarter as its three main divisions — trucks, engines and parts — all posted stronger results.
January 2, 2012