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Business: Page 829
Business
Celadon posts higher 3Q profit
Celadon Group Inc. on Tuesday, April 24, announced that revenue for the third quarter ended March 31 increased 10.5 percent to $153.2 million from $138.7 million in the 2011 quarter. Freight revenue, which excludes fuel surcharges, increased 7.8 percent to $120.9 million from $112.2 million. Net income increased to $5.7 million from $2.3 million. For […]
April 24, 2012
Business
Vitran posts 1Q $5.8M net loss from ops
Vitran Corp. on Tuesday, April 24, reported a 12.1 percent increase in consolidated revenues to $207.7 million in the first quarter of 2012 compared to $185.4 million in the first quarter of 2011. The Toronto-based company recorded a net loss from operations of $5.8 million compared to a net loss of $0.2 million. “SCO and […]
April 24, 2012
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Business
C.H. Robinson says 1Q net income up 9.8%
C.H. Robinson Worldwide Inc. on Tuesday, April 24, said total revenue for the quarter ended March 31, the first quarter of the Minneapolis-based company’s fiscal year, was $2.55 billion, an increase of 7.9 percent from $2.37 billion during the same period a year ago. Truck transportation revenue was $315.4 million, a 7.1 percent increase from […]
April 24, 2012
Business
Ryder reports higher 1Q net earnings
Ryder System Inc. on Tuesday, April 24, announced net earnings for the three-month period ended March 31 were $34.3 million versus $25.1 million in the year-earlier period. The Miami-based company said the increase primarily reflects the benefit of a Fleet Management Solutions acquisition, stronger used vehicle sales results and organic growth in commercial rental and […]
April 24, 2012
Business
CVSA sets Roadcheck for June 5-7
The Commercial Vehicle Safety Alliance will hold Roadcheck, its annual vehicle inspection program, June 5-7. During a 72-hour period, an estimated 10,000 CVSA-certified federal, state and local enforcement inspectors conduct truck and bus inspections at 1,500 North America locations. In 2011, out-of-service rates from the program hit an all-time low. Last year’s overall vehicle compliance […]
April 24, 2012
Business
DOT selects 5 projects to apply for TIFIA loans
The U.S. Department of Transportation on Tuesday, April 24, announced the selection of five projects to apply for a Transportation Infrastructure Finance and Innovation Act loan: • Port of Long Beach to replace Gerald Desmond Bridge; • State Route 91 project in California; • Colorado’s U.S. 36 managed lanes and bus rapid transit project; • […]
April 24, 2012
Business
Nominations for California port Air Quality Awards due April 27
Nominations are due Friday, April 27, for the fifth annual San Pedro Bay Ports Clean Air Action Plan Air Quality Awards, in which the ports of Long Beach and Los Angeles will recognize the air pollution-fighting efforts of port-related businesses in the area. Nominations will be accepted for port tenants operating at either port as […]
April 24, 2012
Business
Cummins expanding campus in Seymour, Ind.
Cummins Inc. on Tuesday, April 24, announced a significant expansion of its campus in Seymour, Ind., that includes investing $219 million in new construction and the addition of 290 jobs to support the company’s global high horsepower engine business. Tom Linebarger, Cummins chairman and chief executive officer, was joined by Indiana Gov. Mitch Daniels, U.S. […]
April 24, 2012
Business
Phillips’ plug/socket combats corrosion
Phillips’ Sta-Dry QCMS2 plug/socket is designed to eliminate corrosion damage caused when road contaminants enter a truck’s electrical system. The plug/socket incorporates a Sta-Dry seal that semi-hardwires the electrical cable to the tractor to stop any debris from entering. The other end of the electrical cable features the company’s field-repairable QCP plug; if the plug […]
April 24, 2012
Business
Cadec to co-market PowerVue to fuel delivery market
Cadec Global Inc., which provides enterprise-class fleet management solutions, announced a strategic agreement with Energy Edge to co-market Cadec’s PowerVue in-cab mobile solution to the fuel delivery market. PowerVue fleet management solution is designed to deliver flexibility and configurability to meet each fleet’s unique business requirements for data capture. “We are very excited to partner […]
April 24, 2012
Business
Auto Truck Group names McGowan western region sales director
Auto Truck Group, a provider of custom upfitted vehicles, announced the promotion of Matt McGowan to the position of director sales, western region. Action plans developed and approved through the company’s recent strategic planning process led to the realignment of its sales team and this new position. Based at the company’s facility in Bartlett, Ill., […]
April 24, 2012
Business
Trailer maker Road Systems recognized for plant safety
Road Systems Inc., a trailer manufacturer and subsidiary of Con-way Inc., announced that it has been honored with the 2011 Plant Safety Award from the Truck Trailer Manufacturers Association. This is the third time that RSI has received this honor from TTMA; the company also was an award recipient in 2004 and 2010. RSI was […]
April 24, 2012
Business
Navistar uses Auto China 2012 to reinforce commitment to market
This week at the Beijing International Automotive Exhibition (Auto China 2012), Navistar Inc. demonstrated new product opportunities for the Chinese market. In addition, Navistar reinforced its commitment to the Chinese commercial vehicle market and its joint venture partnership with Chinese truck maker Anhui Jianghuai Automobile Co. Ltd. (JAC). “Our vision is to leverage JAC’s capability […]
April 24, 2012
Business
Average diesel price drops 4.2 cents
The national average retail price of on-highway diesel was lower during the week ended Monday, April 23, than it was during the same week the year before — the first time that’s happened since November 2009, according to data from the U.S. Department of Energy’s Energy Information Administration. The average diesel price dropped 4.2 cents […]
April 23, 2012
Business
EPA makes $20M available for clean diesel projects
The U.S. Environmental Protection Agency on Monday, April 23, announced the availability of up to $20 million in fiscal year 2012 grant funding to establish clean diesel projects aimed at reducing pollution from the nation’s existing fleet of diesel engines and improving air quality. In addition to these grants, about $9 million will be available […]
April 23, 2012
Business
EPA Administrator Jackson tours California ports
U.S. Environmental Protection Agency Administrator Lisa P. Jackson toured the Port of Long Beach and Port of Los Angeles last week to see firsthand the ports’ efforts to clean the air and harbor while building the port of the future. Jackson boarded a port pilot boat retrofitted with EPA grant-funded low-emissions engines to view the […]
April 23, 2012
Business
California, Colorado trucking groups recognize Reddaway
Reddaway has been honored by two trucking organizations – the California Trucking Association and the Colorado Motor Carriers Association – for outstanding safety performance in 2011. The California Trucking Association presented a Fleet Safety Award to Reddaway for placing second in the over-seven-million-miles linehaul/less-than-truckload category in its annual Safety Awards Program. CTA also honored Reddaway […]
April 23, 2012
Business
PEI updates electrical continuity document
The Petroleum Equipment Institute announced that the 2012 edition of Testing Electrical Continuity of Fuel-Dispensing Hanging Hardware (PEI/RP400-12) now is available for purchase. The newly revised and updated PEI/RP400-12 – based on the original document that first was published in 2002 and reaffirmed in 2007 – is a 20-page manual representing a synthesis of petroleum […]
April 23, 2012
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