Bridgestone/Bandag Deal Gains EU Antitrust Clearance
Tire maker Bridgestone Corp. has secured European antitrust approval to buy Bandag Inc. for $1.05 billion, Bloomberg reported Tuesday.
May 29, 2007Class 8 Truck Sales Plunge in April
Sales of new Class 8 trucks plunged 45% in April, compared with a year earlier, the most severe decline in six years.
May 21, 2007Truckers Sue Wal-Mart
A federal judge in Arkansas granted class-action status to truck drivers accusing Wal-Mart Stores of using racially discriminatory practices in hiring over-the-road drivers, the Arkansas Democrat-Gazette reported Thursday.
May 17, 2007TMW Cites First-Quarter Upturns
Trucking software provider TMW Systems said it was “pleased” with its first-quarter financial performance and production output.
May 14, 2007Michelin 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, 2007