Swift Lowers Fourth Quarter Earnings Expectations
Trucking company Swift Transportation has announced it expects adjusted earnings per share to range between 33 and 36 cents per share for the fourth quarter of 2013, compared to its previous expectation of 40 cents per share.
M&A Insights: Become a four-tool player to maximize company valuation
It’s said in baseball that you can be a five-tool player: throw, run, field, hit, and hit with power, and that gets you a reward: a higher salary.
Trailer orders stay strong in November
COLUMBUS, Ind. — Trailer orders in November were up 3% month-over-month, with strength concentrated in the dry van, flatbed and liquid tank segments, according to the most recent data from ACT Research.
Trucker won’t be charged in mid-Missouri bicyclist’s death
COLUMBIA, Mo. a Columbia police say no charges will be filed against a truck driver who hit and killed a bicyclist on Interstate 70 but drove away because he thought he had hit a deer.
PIT to conduct first-ever US Energotest trials
MONTREAL, Que. — FPInnovations’ Performance Innovation Transport (PIT) is bringing its popular Energotest concept to the US, with trials slated to take place Feb. 3-7 in Texas.
US truck tonnage posts record high in November
ARLINGTON, Va. — US for-hire truck tonnage jumped 2.7% in November, achieving a new record high.
New rules for truck drivers could mean higher prices
A popular restaurant in Newport closed very suddenly Wednesday night. Employees now left without a job just a week before Christmas.
Warranty costs dragging Navistar’s recovery, but order boards strengthening
LISLE, Ill. — In an earnings call today, Navistar CEO Troy Clarke said the company’s Q4 loss was in part due to “unanticipated pre-existing warranty adjustments” for its EGR-only engines, but that the company is halfway…
TransForce nears closing of Clarke deal, adds landfill capacity for waste division
MONTREAL, Que. — TransForce announced today it has met all the conditions required to close its deal to acquire Clarke Transport and Clarke Road Transport. The deal should conclude Jan. 1, 2014, the company announced.
Navistar loses $154M in fourth quarter
LISLE, Ill. — Navistar continues to be dogged by warranty issues related to its previous emissions strategy, and today announced a $154-million loss for the fourth quarter.