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Business: Page 937
Business
ATA leaders question LaHood’s argument for hours rule rewrite
American Trucking Associations President and Chief Executive Officer Bill Graves and Chairman Dan England have questioned U.S. Transportation Secretary Ray LaHood’s contention in a letter to Congress that the administration is drafting a new hours-of-service proposal based on the “most comprehensive and up-to-date data and analysis.” Sen. Kelly Ayotte (R-N.H.) last week proposed to add […]
October 24, 2011
Business
Landstar reports higher 3Q net income
Landstar System Inc. on Monday, Oct. 24, reported 2011 third-quarter net income of $30.2 million compared to $21.8 million for the 2010 third quarter. Operating margin was 44.7 percent compared to 35.6 percent. Revenue was $684.0 million compared to $622.8 million, which included a one-time charge of $3.8 million related to the buyout by the […]
October 24, 2011
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Business
Hub Group says 3Q income up 29%
Hub Group Inc. on Monday, Oct. 24, reported income of $16.3 million for the third quarter, an increase of 29 percent compared to the third quarter of 2010. Revenue increased 17 percent to $561 million. Intermodal revenue increased 19 percent to $402 million, which the Downers Grove, Ill.-based company attributed to a 10 percent volume […]
October 24, 2011
Business
Penske’s major U.S. fuel facilities ready with bulk DEF by 2012
Penske Truck Leasing announced that it will have fully equipped 370 of its major U.S. fueling locations with bulk diesel exhaust fluid by early 2012 to accommodate an increasing number of trucks within its fleet using selective catalytic reduction technology. Currently, the work has been completed at more than 100 locations. “We’ve made this investment […]
October 24, 2011
Business
Saddle Creek orders 40 Freightliner M2 112 CNG tractors
Freightliner Trucks on Monday, Oct. 24, announced that Saddle Creek Corp. has ordered 40 Freightliner Business Class M2 112 compressed natural gas tractors as part of the company’s commitment to sustainability. The company has plans to add an additional 40 Freightliner CNG tractors to its for-hire fleet in early 2012. Headquartered in Lakeland, Fla., Saddle […]
October 24, 2011
Business
PEI executive optimistic about petroleum equipment industry
Speaking to members and officers of the Petroleum Equipment Institute, Robert Renkes, executive vice president of the organization, expressed optimism in the immediate future of the petroleum equipment industry and presented a positive retrospective overview of 2010 for PEI member companies. Renkes’ remarks were delivered during a speech to more than 300 PEI members at […]
October 24, 2011
Business
FedEx predicts Dec. 12 will be company’s busiest day ever
FedEx Corp. on Monday, Oct. 24, said it expects to move more than 17 million shipments – almost double its daily average volume – through its global networks on Dec. 12, the projected busiest day in company history. The 10 percent year-over-year increase will be driven by FedEx SmartPost, a residential shipping service designed for […]
October 24, 2011
Business
Denver’s new I-70/Central Park Boulevard Interchange now open
Federal Highway Administrator Victor Mendez joined Denver Mayor Michael Hancock on Monday, Oct. 24, to officially open Denver’s Interstate 70/Central Park Boulevard Interchange designed to improve safety for this area’s many pedestrians and cyclists. “This is the kind of long-term investment we need to strengthen our economy,” said U.S. Transportation Secretary Ray LaHood. “The American […]
October 24, 2011
Business
Kenworth expands medium-duty lineup with cabovers
Kenworth Truck Co. on Monday, Oct. 21, announced an medium-duty product line with the introduction of the new K270 Class 6 and K370 Class 7 cabovers targeted at urban delivery companies. “We’re excited to bring Kenworth quality to the cabover market,” says Gary Moore, Kenworth general manager. “Kenworth’s new K270 and K370 cabovers offer excellent […]
October 24, 2011
Business
Nextran purchases Alabama’s Premier Truck Centers
Nextran Corp. has purchased Premier Truck Centers, with locations in Birmingham, Tuscumbia and Madison, Ala. The Nextran Truck Center Birmingham business has been moved to the former Premier Birmingham location, which now provides truck sales, parts and service support for Volvo, Mack, Mitsubishi and UD Trucks, as well as being a service provider for GMC […]
October 24, 2011
Business
Peterbilt dealer invests $1M in tornado-affected Georgia location
Five months after a destructive F4 tornado struck Ringgold, Ga., a local Peterbilt dealership is announcing a $1 million investment toward the renovation of its location. The Peterbilt Store – North Georgia sustained significant damage to its facility on April 21 during one of the most active tornado seasons in recent history. The company kicked […]
October 24, 2011
Business
Bendix Spicer earns award for expansion
Job growth at the Bendix Spicer Foundation Brake wheel-end production facility in Bowling Green, Ky., has earned the company a 2011 Business Expansion Award from the Bowling Green Area Chamber of Commerce. A joint venture between Bendix Commercial Vehicle Systems and Dana Commercial Vehicle Products, Bendix Spicer Foundation Brake added 221 full-time positions this year […]
October 24, 2011
Business
Heri Automotive to unveil value proposition
Heri Automotive will hold a briefing to unveil its value proposition and commitment to the aftermarket at 3 p.m. on Nov. 2 at the Sands Expo Center Room 102 during the AAPEX 2011 meeting in Las Vegas. Dick Adams, the company’s president, and Tim Phillips, executive vice president and general manager, will host the event […]
October 24, 2011
Business
Jost to appear on ‘Motorhead Garage’
Fox Sports Network (is featuring Jost International on its “Motorhead Garage” television series. The segment was filmed Oct. 18 at the Jost U.S. manufacturing site located in Greeneville, Tenn., and will air on FSN Sunday, Oct. 30, at 11:30 a.m. and Monday, Oct. 31 at 4:30 p.m., all time zones. During the segment, Greg Laarman, […]
October 24, 2011
Business
USA Truck posts 3Q net loss, declines Celadon meeting
USA Truck Inc. on Friday, Oct. 21, announced base revenue of $102.6 million for the 2011 third quarter ended Sept. 30, an increase of 1.9 percent from $100.8 million for the same quarter of 2010. Net loss was $4.3 million compared to net income of $0.6 million. For the nine months ended Sept. 30, base […]
October 21, 2011
Business
ATA, president/CEO Graves agree on new contract
The American Trucking Associations announced last week at its annual Management Conference and Exhibition it had reached an agreement on a new three-year contract with Bill Graves, the association’s president and chief executive officer. “By retaining Governor Graves, the members of ATA are sending a strong message – that despite the challenges we face in […]
October 21, 2011
Business
BTS releases State Transportation Statistics 2010
The U.S. Department of Transportation’s Bureau of Transportation Statistics, a part of the Research and Innovative Technology Administration, has released “State Transportation Statistics 2010,” a Web-only reference guide to transportation data by state. The eighth annual STS consists of 112 tables of state data on infrastructure, safety, freight transportation, passenger travel, registered vehicles and vehicle-miles […]
October 21, 2011
Business
CARB reminds truck owners of looming DPF mandate
The California Air Resources Board on Friday, Oct. 21, issued a reminder to owners of heavier diesel trucks that they need to act now in order to comply with California’s Truck and Bus regulation, which has its first diesel filter deadlines in January 2012. “Fleet owners need to plan now to equip their trucks with […]
October 21, 2011
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