Michelin Forecasts Higher Costs
Tire maker Michelin & Cie. said it will face tougher competition and higher raw materials costs this year, Bloomberg reported Friday.
May 11, 2007Midwest Sees Extensive Flooding
Heavy rains from an already deadly storm system caused extensive floods in Missouri as Midwest waterways rose to levels not seen in 14 years, the Associated Press reported Tuesday.
May 8, 2007Qualcomm, Maptuit Set Partnership for NaviGo System
ArvinMeritor Posts 2Q Loss
Components maker ArvinMeritor Inc. said Tuesday it lost $94 million or $1.34 per share for its fiscal second quarter, compared with earning $45 million or 65 cents a year ago.
May 1, 2007Accuride Takes 1Q Loss
Commercial vehicle component maker Accuride Corp. said Monday it lost $1.9 million or 5 cents a share in the first quarter, compared with a profit of $20 million or 58 cents a year ago.
April 30, 2007Cummins' 1Q Profits Improves
Diesel engine maker Cummins Inc. earned $143 million or $1.42 a share in the first quarter, up from $135 million or $1.35 a year earlier.
April 27, 2007Ryder’s First-Quarter Profit Rises
Ryder System said Wednesday its first-quarter profit rose 8% to $51.3 million or 84 cents a share, from $47.6 million or 77 cents a year ago.
April 25, 2007Michelin’s 1Q Sales Gain
Tire maker Michelin & Cie. said its first-quarter sales rose 5.5% on higher prices and demand from truck makers, Bloomberg reported.
April 24, 2007Class 8 Truck Sales Plunge in March
The collapse in heavy-duty U.S. truck sales accelerated in March, dropping nearly 38% from the same month in 2006.
April 23, 2007Landstar’s Quarterly Income Declines
Truckload carrier Landstar System said Thursday its first-quarter net income fell to $21.6 million or 38 cents a share, from $24.4 million or 41 cents a year ago.
April 19, 2007