Earnings up for J.B. Hunt
Lowell, AR-based truckload operator J.B. Hunt Transport Services reported net profits of $47.9 million on revenues of $719 million in the third quarter. This marks a year-over-year increase from earnings of $32.7 million on revenues of $622 million....
Profits strong for Werner
Omaha, NE-based truckload operator Werner Enterprises said profits reached $24.3 million on revenues of $425.4 million in the third quarter. This is an increase of 18% and 16%, respectively, compared to the same period last year. ...
Retail truck sales up 17.8%
Franchised dealers of United States truck manufacturers sold 864,277 units in September -- a 17.8% increase over the same month a year ago, when 733,411 were sold --according to data published by Ward's Communications. ...
Hydraulic hybrid from Peterbilt, Eaton
Peterbilt Motors Co. and Eaton Corp. displayed a Peterbilt Model 320 spec’d for refuse applications using an Eaton Hydraulic Launch Assist (HLA) system at the Hybrid Truck Users Forum in Kalamazoo, MI. ...
Volvo shows off ’07 engine solution
Volvo Truck Corp. revealed how a newly designed diesel engine will meet upcoming EPA ’07 emissions regulations at a news conference held at its Gothenburg, Sweden, headquarters last week. ...
Landstar 3Q profits rise
Jacksonville, FL-based truckload carrier Landstar System reported strong third-quarter profits of $21.6 million on revenues of $527 million. This marks a year-over-year increase from earnings of $11.8 million on revenues of $407 million....
Hybrid work truck on the way
Eaton Corp. and International Truck and Engine Corp. are planning to build more than 20 pre-production diesel-electric hybrid medium-duty trucks earmarked for the utility industry, part of a three-year Department of Energy (DOE) project to speed up the commercial introduction of hybrid truck systems....
Freightliner offers HVAC option
Freightliner Trucks is offering an option that makes it easy to be green - Class 8 models can now be spec'd with an aftermarket HVAC system and auxiliary generator installed at the factory to cut idling....
Corporate tax bill to present opportunities, pitfalls
The House and Senate have passed a bill that would dole out huge corporate tax breaks for manufacturers in exchange for repealing a double-edged export subsidy. President George W. Bush is expected to sign the bill, dubbed the “American Jobs Creation Act of 2004.”...
Wabash files statement with SEC to sell 3.45 million shares of common stock
Wabash National Corporation announced today the filing of a registration statement with the Securities and Exchange Commission in connection with its plan to sell up to 3 million shares of common stock through an underwritten public offering to be managed by Merrill Lynch & Co., Bear, Stearns & Co. Inc. and BB&T Capital Markets. In addition, up to 450,000 shares may be sold by Wabash to cover an underwriters over-allotment option. ...
Record diesel prices: the sequel
The Energy Information Administration said today the national price for diesel rose another 3.9 cents last week to set a new record at $2.092 per gallon. Diesel price trends have lately been synchronous with the current string of all-time high crude prices, and there’s no major relief in the foreseeable future. ...
Mack, UAW finalize contract
Mack Trucks Inc. announced it has reached a three-year labor agreement with the United Auto Workers covering 2,500 employees at Mack facilities in three states. The contract is effective immediately. ...
WestStart-Calstart gets hybrid truck contract
The U.S. Army's National Automotive Center (NAC) has provided California-based consortium WestStart-Calstart with a $4.4-million contract to help develop a heavy-duty hybrid truck and dual-use technology for the military. ...
ATA forecasts 'bullish' volumes into ‘05
The American Trucking Assns. (ATA) remains bullish on freight volume prospects for the industry through 2005, despite the disappointing job growth reported recently by the Dept. of Labor (DOL). ...
Technician shortage looms
As the trucking industry copes with high fuel prices, rising insurance costs, and an ever-increasing shortage of drivers, there’s another potential problem looming in the near future: how to find qualified mechanics to staff their truck repair facilities....
Oshkosh to rebuild war-damaged trucks
Oshkosh Truck Corp. has been contracted to rebuild damaged and worn out Oshkosh-trucks and trailers returning from military use Iraq. ...
Covenant lowers 3Q earnings forecast
Chattanooga, TN-based truckload carrier Covenant Transport is lowering its third-quarter earnings projections to between 32 and 36 cents per share, down from previous estimates of 36 to 40 cents per share. The carrier cites sluggish freight demand resulting from the hurricanes that affected large areas of the Southeast this season. ...
Another diesel record at $2.053
Last week the national average price for diesel rose to a new record after rising another 4.1 cents to $2.053 per gallon over the previous week's chart-busting prices....
EENT introduces new AXP technology for long-haul trucking
Energy & Engine Technology Corporation announced that it introduced its new technology prototype for the long-haul trucking industry, the AXP InfiniGen, this week at the American Trucking Associations' Management Conference in Las Vegas, Nevada. ...
FFEX sells Compressor arm
Frozen Food Express Industries announced it has sold "certain assets and liabilities" of Compressors Plus, Inc. ...
CTA calls for harmonized North American approach to under-ride protection
In response to the recent announcement by Transport Canada that the Motor Vehicle Safety Regulations will be amended to require new manufacturing standards for trailer under-ride guards, the CEO of the Canadian Trucking Alliance (CTA), David Bradley, called for a harmonized approach in North America....
ArvinMeritor establishes SCR emissions systems production in The Netherlands
ArvinMeritor, Inc. announced that it has established a commercial vehicle Selective Catalytic Reduction/muffler system (SCR) production manufacturing cell at its Roermond facility in The Netherlands....
FleetPride announces new FleetCare facility in Atlanta market
FleetPride, Inc., the nation's largest independent aftermarket distributor of heavy-duty truck parts, announced the addition of a company-owned FleetCare Truck Service Center in the Atlanta suburb of Conley, Georgia. ...
Voluntary emissions reductions gains support
The Diesel Technology Forum (DTF), a diesel engine advocacy group, is swinging its support behind a public-private effort being launched along the West Coast to promote voluntary programs that reduce emissions from diesel-powered engines....
Wastequip purchases certain assets of Hi-Rise Recycling
Wastequip, Inc. today announced the completion of its purchase of certain assets of Hi-Rise Recycling Companies, Inc. ...
