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TRUCKMAKERS' NEWS * USA & Canada
* Paccar’s 2Q Income Dips on Lower Sales
USA -Transport Topics On Line -24 July 2007: -- Heavy-duty truck maker Paccar Inc. said Tuesday its second-quarter profit fell 19% as North American heavy-duty truck demand declined due to new U.S. clean air regulations... Paccar’s net income fell to $298.3 million or $1.19 a share, from $369.9 million or $1.47 a year ago... Paccar, the parent of U.S. truck makers Kenworth Truck Co. and Peterbilt Motors Co. and Europe-based DAF Trucks, said its net sales and financial services revenue dipped to $7.7 billion from $8.02 billion last year...
* Canada - Trucking's million-dollar club climbs slightly
Ottawa,Canada -Today's Trucking -13 July 2007: -- There were about 3,552 Canadian for-hire trucking companies with annual revenues of $1 million or more in the fourth quarter of 2006, up from 3,432 in the fourth quarter of 2005... Their operating revenues totaled $7.1 billion, down 1.5 percent from the same quarter in 2005, according to Stats Canada. Their operating expenses reached $6.7 billion, down 0.4 percent. These were the first decreases in year-over-year comparisons since the third quarter of 2002. The decrease was mainly driven by lower miscellaneous expenses combined with lower labor expenditures. The operating ratio (operating expenses divided by operating revenues) deteriorated from 0.93 to 0.94...
* USA Truck Announces Second Quarter Results
Van Buren,Ark,USA -Prime Newswire -July 19, 2007: -- USA Truck, Inc. today announced base revenue of $101.7 million for the second quarter ended June 30, 2007, an increase of 2.1% from $99.6 million for the same quarter of 2006. Net income decreased 62.8% from $4.4 million for the quarter ended June 30, 2006 to $1.6 million for the same quarter of 2007. Diluted earnings per share decreased 60.5% from $0.38 for the quarter ended June 30, 2006 to $0.15 for the same quarter of 2007...
Labels: truckmakers' news USA
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