![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
TRUCKING'S WORLD NEWS
* Trailer orders positive, but off pre-buy pace of trucks
NEW YORK,NY,USA -Today's Trucking -23 Feb 2006: Trailer orders were better than expected this January, despite lagging behind class-8 tractor sales, according to Bear Stearns, a leading global investment banking, securities trading and brokerage firm in the U.S... Demand is firm, but trailer OEs challenge is earnings... While the news is a positive signal for underlying trailer demand, the firm says total trailer orders were up 4.0 percent from last year's monthly mark compared to class 8, which is up 35.0 percent...
* Navistar Signs $1.5B Loan Agreement
WARRENVILLE, Ill. ,USA -Netscape News/AP -24 Feb 2006: Commercial truck manufacturer Navistar International Corp. said on Friday it has finalized a three-year, $1.5 billion definitive loan agreement... The loan agreement, announced earlier this month and signed on Wednesday, secures a commitment arranged by Credit Suisse. The lender group includes JP Morgan Chase Bank, Banc of America Securities and Citigroup Global Markets... Navistar also said on Friday it has launched a cash tender offer to buy back $220 million in 4.75 percent senior notes due 2009...
* ATA Board Agrees to Seek Increases In Size, Weight Limits
TAMPA, Fla.,USA -TTNews -22 Feb 2006: American Trucking Associations’ board of directors endorsed a new truck size and weight policy that backs larger and heavier commercial vehicles, a move association officials said was a first step toward getting the federal limits changed...
* Truck Repossessions High Again in Fourth Quarter
USA -TTNews -22 Feb 2006: Repossessions and liquidations of tractor-trailer trucks nationwide rose in the fourth quarter, Nassau Asset Management said Wednesday... In November, Nassau reported that overall equipment repossessions and liquidations during the first three quarters of 2005 had increased significantly for the first time since 2002... That trend continued in fourth quarter for tractor-trailers, rising 145%, and construction equipment, up 44%, Nassau said...
* New Penn, USF Reddaway to Provide Transcontinental Service
USA -TTNews -22 Feb 2006: Regional less-than-truckload carriers New Penn Motor Express and USF Reddaway said Tuesday they will offer a new transcontinental service, making it easier for customers to get coast-to-coast coverage...
* Velocity Express Takes Fourth-Quarter Loss
USA -TTNews -22 Feb 2006: Package-delivery and supply chain management firm Velocity Express said late Tuesday it lost $3.7 million in the fourth quarter, compared with a $9.2 million loss a year earlier...
* Nippon Express, Mitsubishi Corp to begin China trucking service
TOKYO,Japan -Kyodo News/MarketWatch -Feb 22, 2006: Nippon Express Co. and Mitsubishi Corp., said Wednesday they will jointly engage in trucking services linking 80 cities in China... The new service will be based on a trucking company set up by Mitsubishi in 1996. MC Nittsu China Holdings Co., which was jointly set up last September by Nippon Express and Mitsubishi, will invest in the Mitsubishi trucking service unit to expand its service network to 80 cities including Shanghai and Beijing...
* Transport sector declared industry: Trucking fleet to be upgraded
ISLAMABAD,Pakistan -DAWN -Feb 23, 2006: The government has decided to elevate the transport sector to the status of an industry and formulate an integrated trucking policy whereby ageing trucks would be replaced with new fuel-efficient vehicles and a minimum standard would be observed for loading purposes... It has also decided to revise downwards customs duty on the import of trucks...
posted by Unknown @ 1:52 PM
0 Comments:
Post a Comment
<< Home