Komatsu Profit Rises on Construction Equipment Sales

Komatsu Ltd., the world’s second-biggest maker of construction equipment, said third-quarter profit rose 5.5 percent, aided by sales in North America and a weaker yen. Net income rose to 38.5 billion yen ($326 million) in the three months ended Dec. 31 from 36.5 billion yen a year earlier, the Tokyo-based company said today in a […]

Driverless trucks debut in Japan

A fleet of driverless trucks made its debut in Japan, staying in formation on the road and demonstrating they can save fuel while they do it. The New Energy and Industrial Technology Development Organization (NEDO), a public research and development group, rolled out four trucks, and only the lead vehicle had a driver. Driverless Cars […]

Strong truck demand in March drove U.S. auto sales to their highest monthly total.

DETROIT (AP) — America is getting back to work, and it needs pickup trucks. Strong truck demand in March drove U.S. auto sales to their highest monthly total since August 2007, as everyone from oil and gas producers to local home builders raced to replace the aging trucks they held onto during the recession. Overall […]

Trucking Industry’s Resurgence Continues in 2013

NEW YORK, NY–(Marketwire – Feb 21, 2013) – The Trucking Industry has experienced a resurgence over the past few months. The American Trucking Associations’ advanced seasonally adjusted (SA -1.45%, news) For-Hire Truck Tonnage Index increased 2.9 percent to 125.2 in January, the highest on record. Five Star Equities examines the outlook for companies in the […]