Trucking News Throughout the Day.


Knight Reports Lower 2Q Earnings
Truckload carrier Knight Transportation's second-quarter profit fell to $12.7 million, or 15 cents a share, from $18.2 million, or 21 cents, a year ago.

Volvo's Earnings Improve; Truck Orders Drop
Volvo AB said Wednesday its second-quarter earnings jumped 28%, as rising sales in Europe overcame a downturn in North America, Bloomberg reported.

Hurricane Dolly Bypasses Gulf Oil Rigs
Hurricane Dolly made landfall on the South Texas coast Wednesday as a Category 2 hurricane, but the storm bypassed most major oil installations in the Gulf of Mexico, news services reported.

House OKs Additional Highway Funding
The House approved a bill by a lopsided margin Wednesday that would restore $8 billion to the federal Highway Trust Fund to avert an expected revenue shortfall in the coming fiscal year.

Paccar Sets Executive Promotions
Truck maker Paccar Inc. said that the company's president, Tom Plimpton, will become vice chairman, and that Jim Cardillo will become its president, effective Sept. 1.

Fed 'Beige Book' Cites Difficult Economy
U.S. economic activity remained generally weak in June and early July, and several regions reported trucking companies were having a hard time recouping higher costs, the Federal Reserve said Wednesday.

Marten's Second-Quarter Income Dips
Refrigerated truckload carrier Marten Transport's second-quarter net income fell to $3.5 million, or 16 cents a share, from $4.3 million, or 20 cents, a year ago.

Arkansas Best's 2Q Income Declines
Arkansas Best Corp. said Wednesday its second-quarter profit fell 17% to $16.2 million, or 64 cents a share, from $19.6 million, or 78 cents, a year ago.

Ryder Reports Mixed 2Q Earnings

Ryder System Wednesday reported a second-quarter profit of $62.9 million, or $1.10 per share, compared with $65.1 million, or $1.07 per share, a year ago.

Vitran Reports Lower 2Q Income
Vitran Corp. said Wednesday its second-quarter profit fell 16% to $4.6 million, or 34 cents a share, from $5.5 million, or 41 cents, a year earlier.

Commuters Protest Proposed Delaware Bridge Toll Hikes
Commuters at a public hearing Tuesday protested proposed toll hikes for the Delaware River bridge, the Philadelphia Inquirer reported Wednesday.

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