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Feb 28, 2007

* Canada - Trucking giant posts record result

Toronto,ONT,CAN -The Toronto Star -Feb 27, 2007: -- Acquisitions drove Canada's largest trucking company, TransForce Income Fund, to a record-setting financial performance in 2006... Full-year profit rose to $151 million from $147.3 million while revenue rose 21 per cent to $1.8 billion, from $1.5 billion in 2005, the company said yesterday...

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Feb 24, 2007

* Germany - DaimlerChrysler trucks business sees 2007 profit

Stuttgart,Germany -Reuters -Feb 23, 2007: -- DaimlerChrysler's market-leading trucks business will make an operating profit this year despite a sharp U.S. market contraction, division head Andreas Renschler told reporters on Friday... "Earnings before interest and tax will be positive, even in the United States," he told reporters, although he acknowledged his business would not be able to match the record 2.02 billion euros ($2.65 billion) in operating profit it made in 2006... He said his division would hit its target of generating an 11 percent pretax return on net assets this year...

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Feb 17, 2007

PROFITS, REVENUES & LOSSES

* USA - Goodyear Posts $358 Mln. 4Q Loss on Strike Impacts
USA -TTNews -16 Feb 2007: -- Goodyear Tire & Rubber Co. reported Friday it lost $358 million in the fourth quarter due to a strike at 16 of its plants that reduced sales... The world’s largest tire maker’s loss was $2.02 per share, on sales of $4.98 billion. It had taken a $51 million loss, or 29 cents a share, on sales of $4.94 billion in the previous fourth quarter...

* France - Michelin Reports Lower Profit in 2006
Paris,France -TTNews -15 Feb 2007: -- Tire maker Michelin said Thursday it earned about $750 million or $5.20 a share in 2006, down from $1.17 billion or $8.04 in 2005... Michelin cited higher costs to close plants and to purchase raw materials as the main reasons for the drop in profits...

* USA - Carterpillar to Buy Back $7.5 Bln. in Stock Over Five Years
USA -TTNews/Bloomberg -15 Feb 2007: -- Diesel engine manufacturer Caterpillar Inc. plans to repurchase $7.5 billion of its stock in the five years, its fourth buyback since 1995, the company said Thursday... Caterpillar said it had returned $8.5 billion to stockholders through stock repurchases in the past 12 years...

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Feb 7, 2007

Company News * Canada - Westport to focus on heavy truck business in North America and Australia

Vancouver,BC,Canada -CBC News/Canadian Press, by CRAIG WONG -Feb 6, 2007: -- Engine maker Westport Innovations Inc. will be focused on building its heavy truck business in North America and Australia this year as climate change and air quality take centre stage for governments and the public, the company said Monday...Westport reported Tuesday a bigger third-quarter loss of $5.8 million despite higher revenue, after a drop in government funding and government-funded projects... (Picture: City of Vancouver)

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Feb 6, 2007

Income * Germany - MAN AG Reports Higher 4Q Profit

Germany -TTNews (USA)/Bloomberg -6 Feb 2007: -- German truck maker MAN AG’s fourth-quarter profit rose 22% on higher demand for commercial vehicles in eastern Europe, where economies grew twice as fast as in the company’s domestic market in Germany... Net income increased to about $320 million or $2 a share, from $263 million or $1.40 a year earlier. Sales and profit will rise this year from 2006’s record levels, Chief Executive Officer Hakan Samuelsson said Tuesday... MAN abandoned plans for a hostile takeover of Swedish truck maker Scania last month...

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Feb 1, 2007

PROFIT & REVENUES

* USA - C.H. Robinson’s Fourth-Quarter, Full-Year Income Show Gains
USA -TTNews -30 Jan 2007: -- Transportation and logistics firm C.H. Robinson Worldwide's 2006 net income rose to $266.9 million or $1.53 a share, up from $203.4 million or $1.16 in 2005... Net income for the fourth-quarter rose to $71.8 million or 41 cents a share, up from $58.1 million or 33 cents a year earlier, the company said late Tuesday... Total transportation gross profit for the year increased 24.1% from 2005 to $946 million, while fourth-quarter transportation gross profit rose 19.5% to $246.2 million...

* Japan - Hino Motors’ Fiscal Third-Quarter Profit Falls 45% - Company Seen Targeting North American Markets
USA -TTNews /Bloomberg-31 Jan 2007: -- Hino Motors Ltd., Japan’s largest maker of heavy-duty trucks, saw its fiscal third-quarter profit drop 45% as the company spent more to develop new models and expand production... Net income fell to about $32.4 million for the period ended Dec. 31, from about $58.7 million a year earlier, while sales rose 4.3% to about $2.5 billion. The third-quarter figures were derived by subtracting first-half earnings from nine-month results released by the company Tuesday... The Japanese domestic truck market is expected to shrink this year as fleet operators finish replacing their trucks to meet new emissions rules...

* USA - Earnings - Paccar posts record 2006 profit
Seattle,WASH,USA -The Seattle Times, by Drew DeSilver -31 Jan 2007: -- A rush by trucking firms to beat tough new engine-emissions rules translated into a record 2006 profit for Bellevue-based Paccar... The company, which builds heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates, earned nearly $1.5 billion last year, 32 percent more than the $1.13 billion it made in 2005. Truck sales, lease income and other revenue rose 17 percent to nearly $16.5 billion...

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Jan 31, 2007

PROFIT & REVENUES * USA - Cummins: Third Consecutive Year of Record Sales

Columbus,IN,USA -Inside INdiana Business (press release - Indianapolis,IN,USA ) -29 Jan 2007: -- Columbus-based Cummins, Inc. is reporting record fourth quarter and full-year 2006 sales and earnings, marking the company's third consecutive year of record financial results. The company says in the fourth quarter earnings were $189 million, or $3.75 per share and for the full-year, earnings rose 30 percent to $715 million, or $14.21 per share...

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