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Insurance industry must do better job of evolving with customer demands
TORONTO, Ont - Canada's trucking insurance industry, besieged by slumping underwriting margins and low investment yields while forced to cover the cost of rising cargo theft, needs to evolve by looking from the outside in rather than from...
Expect slower growth but no recession, BMO economist tells Transportation Conference
TORONTO, Ont. - Canadians worried about the darkening clouds on the economic horizon will have to live with modest growth of just 2% for 2011 and 2012 but we are not heading towards recession, Kenrick Jordan, senior economist with BMO Capital...
Bridgestone to invest more than $1.2 billion in manufacturing operations
NASHVILLE, Tenn. -- Bridgestone Americas Tire Operations (BATO) is investing $36.6 million in its Warren County, Tenn., plant to increase production capacity by an additional 900 truck and bus tires per day. The expansion is expected to be...
Volvo introduces ‘downspeeding’ concept, promises 3% fuel savings
GREENSBORO, N.C. -- Volvo Trucks has developed a new powertrain package for its VN series tractors that allows the engine to run about 200 rpm slower than usual, reducing fuel consumption by as much as 3% compared to traditional powertrains.
Commercial vehicle orders hold up in August despite economic reports
COLUMBUS, Ind. -- Commercial vehicle orders held up reasonably well in August despite a surge of bad news about the economy that led to a collapse in consumer confidence, according to ACT Reseach Co. (ACT). ACT's updated status of the...