Truck maker Volvo AB鈥檚 first-quarter profit dipped 5.8% as North American sales declined, but the company鈥檚 European sales increased, Bloomberg reported Friday.
May 11, 2007Trucking Industry Safety News
Transportation businesses face a host of dynamic risk issues that can significantly impact their financial and operational health. The news in this category focuses on the latest safety and security initiatives, resources and regulations and addresses topics that include fleet safety, claims administration, driver hiring and retention, risk management and compliance.
Innovative Computing Adds Features
Innovative Computing Corp. added several features to its main transportation package, called Innovative Enterprise Software, the company said.
May 14, 2007Fla. Reopens Roads Following Fire
Florida officials reopened parts of two interstates near the Georgia border that were closed over the weekend, but said intermittent closures could continue as wildfire smoke poses a safety hazard, the Associated Press reported.
May 14, 2007Court OKs Allied鈥檚 Plan
Auto carrier Allied Holdings said Saturday that a bankruptcy court has approved its reorganization plan.
May 14, 2007Trimac鈥檚 Earnings Dip in 1Q
Canada-based transportation firm Trimac Income Fund said its first-quarter net earnings fell to C$1.5 million or 5 cents per unit, from C$3.7 million or 7 cents a year earlier.
May 14, 2007Fleets Grow as Freight Falls
NEW YORK 鈥 The decline in freight volume this year and the number of heavy-duty trucks purchased last year during the 鈥減re-buy鈥 were both markedly bigger than analysts thought, leading to too many trucks chasing too little business.
May 14, 2007STB Ends Antitrust Immunity for Trucking Rate Bureaus
The Surface Transportation Board has revoked the authority of motor carriers to engage in collective ratemaking and freight classification.
May 14, 2007Firms Seek to Replace Pension Funds
NEW YORK 鈥 The top executive at Arkansas Best Corp. said he expects to offer his fleet鈥檚 unionized employees a less-costly pension benefit plan and withdraw from the current Teamsters multi-employer funds.
May 14, 2007Fleets Eye Safety Gains to Cut Insurance Costs
Risk management has taken on a new urgency for many carriers as trucking companies attempt to reduce operating costs and minimize insurance premiums, often by including safety improvements.
May 14, 2007Moyes Completes Swift Buyout Deal
Swift Transportation Co. founder Jerry Moyes said Thursday he has completed his $2.5 billion takeover of the truckload carrier.
May 11, 2007Trending
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