Truck components maker Meritor Inc. said Thursday it lost $22 million, or 23 cents per share, in its fiscal first quarter, compared with a net loss of $2 million, or 3 cents, a year ago.
February 2, 2012Business
Meritor’s Fiscal 1Q Loss Widens
Business, Government
ISM Manufacturing Index Hits 7-Month High
January U.S. manufacturing activity rose to the highest level since June, the Institute for Supply Management said Wednesday.
February 1, 2012Business
Regulations Rile Heavy-Duty Manufacturers
LAS VEGAS — Manufacturers of truck components and parts meeting here bristled at the Obama administration’s regulatory policies, calling them onerous and difficult to comply with, while the president of American Trucking Associations said his industry probably will not get what it craves most this year, a new, comprehensive federal transportation plan.
January 30, 2012Business
Daimler to Add 1,200 Jobs at N.C. Plants in Recovery
MIAMI BEACH, Fla. — With its Class 8 truck order book overflowing and all signs pointing to a continuing market recovery, Daimler Trucks North America said it will add a second shift to its primary U.S. production facility, creating 1,200 new jobs.
January 16, 2012Business
Factory Orders Rise in November
Factory orders increased 1.8% in November, the biggest gain in four months, the Commerce Department said Wednesday.
January 4, 2012Business
ISM Manufacturing Index Hits 6-Month High
December U.S. manufacturing activity rose to the highest level since June, the Institute for Supply Management said Tuesday.
January 3, 2012Business
Meritor Sells French Axle Operation to Renault Trucks
Truck components maker Meritor Inc. said Monday it sold the assets of its axle manufacturing operation in Saint Priest, France, to Renault Trucks SAS. Terms were not disclosed.
January 3, 2012Business
Navistar's 4Q Profit Jumps; OEM Reports Shortage of Castings
Profit surged at truck and engine maker Navistar International Corp. during the fiscal fourth quarter as its three main divisions — trucks, engines and parts — all posted stronger results.
January 2, 2012Business
Chicago Manufacturing Index Slips
An index of manufacturing activity in the Chicago area dipped in December but showed continued expansion, the Institute for Supply Management-Chicago said Thursday.
December 29, 2011Business, Safety
DOT Won’t Back Total Cellphone Ban
The Department of Transportation will not back a proposal to prohibit drivers from talking on cellphones, including hands-free devices, the Wall Street Journal reported Thursday.
December 22, 2011