Survey warns of poor IT security
A global survey by consulting firm Ernst & Young LLP finds that the financial risk to a variety of companies is increasing as expanding Information Technology...
Courts back diesel emission standards
A three-judge panel of the U.S. Court of Appeals has unanimously upheld the timetable for EPA regulations reducing the emissions from diesel trucks starting...
Mitsubishi truck spinoff still possible
Published reports say that DaimlerChrysler AG is inching closer to a deal that would see Mitsubishi Motors Corp. spin off its truck business. According...
Productivity up 8.6%, surprising analysts
The U.S. Dept. of Labor said today that worker output of goods and services per hour outside the farm sector grew at the fastest clip in the first three...
Judge denies Mexico border block
A federal appeals court denied an emergency request by environmental, consumer and labor organizations looking to stop Mexican truck border crossings...
Factory goods beat expectations
The Commerce Dept. said today that new orders for U.S. factory goods beat expectations in March and that February's numbers were better than previously...
Bridgestone/Firestone rolls out truck tire trio
The newest truck tires from Bridgestone/Firestone North American Tire LLC are a Firestone radial for high-scrub applications and two Dayton radials, one...
U.S. consumer spending posts solid rise in March
U.S. consumer spending and personal income posted solid gains in March, with both notching their fourth consecutive monthly rise, the government said...
Cummins reports 1Q loss
Truck engine maker Cummins reported a first-quarter loss of $29 million after taxes on sales of $1.33 billion. The company noted its losses have increased...
German truck manufacturers see March decline in foreign demand
German manufacturers reported an 8% decline for March 2002 over a year ago in demand from foreign customers for both of the vehicle segments -- up to...
Martin Marietta subsidiary aims to make trailers
Despite a sales falloff of nearly 50% in the North American trailer market, a subsidiary of defense contractor Martin Marietta is moving forward with...
Fed hopeful on economy, wary of risks
Federal Reserve officials signaled confidence the U.S. economy was improving after its first recession in a decade but remained guarded about the pace...
Demand for transport refrigeration systems falling
Ingersoll Rand (IR), the parent company of transport refrigeration system maker Thermo King and Hussmann, said demand for what it calls "climate control...
Cummins looks to generate cash to cover losses
Engine maker Cummins Inc. is looking to sell its Kuss Filtration subsidiary in order to generate cash in the face of rough economic waters. Kuss Filtration,...
Wabash names new president
Wabash National Corporation announced April 23 that William Greubel has been appointed president and chief executive officer of the Wabash, Indiana, trailer...
Volvo’s 1Q in red; tough business year seen
Truck maker Volvo posted a surprise loss and negative cash flow for the first quarter and said business would be weak this year, although the North American...
Retail truck sales down 6.7% over March 2001
Franchised dealers of U.S. truck manufacturers sold 706,440 units in March 2002, according to data published by Ward's Communications. Retail sales for...
"Black box" standards in the works
The Institute of Electrical and Electronics Engineers Standards Assn. (IEEE-SA) has begun working to create the first universal standard for motor vehicle...
Industrial output up
The government said industrial output increased 0.7% in March – marking the manufacturing sector's best showing in about two years. The Federal Reserve...
Caterpillar stays healthy in 1Q despite profit drop
Caterpillar Inc. said its first-quarter 2002 revenues topped $4.41 billion with profits totaling $80 million, a big drop from first-quarter 2001 revenues...
Eaton takes 1Q hit but stays profitable
A restructuring charge pushed down first-quarter 2002 earnings for truck component supplier Eaton Corp., but the company managed to be profitable nonetheless....
Inventories fall for 13th straight month
The Commerce Dept. said that inventories at U.S. businesses fell for the 13th straight month in February, sending mixed signals about the economy. The...
Wabash refinances loans, gets more credit
Trailer maker Wabash National Corp. has restructured its line of credit and debts, extending the term of a $125-million and $192-million loan until 2004....
Consumer sentiment is blue
U.S. consumer sentiment edged lower in early April due to the stock market, Mideast violence and a slight rise in unemployment, according to a study by...
Vehicle sales paint tough economic picture
Sales of heavy-duty vehicles, cars and light trucks are down almost across the board in the first quarter of this year, though analysts are predicting...
