Oil prices rose to their highest level in almost two weeks near $65 a barrel, pushed higher by strong equity markets and signs that energy demand in China is rebounding, Bloomberg reported Monday.
July 20, 2009Business
Volvo Completes First 2010 Truck
Volvo Trucks North America said Monday that its first 2010-compliant truck has been driven off the assembly line.
July 20, 2009Business
Dynamex USA President to Resign
Dynamex Inc. said that Catherine Taylor, president of Dynamex USA, will resign Aug. 15.
July 20, 2009Business
Oklahoma to Raise Tolls 16% in August
Tolls on Oklahoma's turnpikes will increase by 16% beginning Aug. 4, the Associated Press reported.
July 20, 2009Business, Equipment
Eaton鈥檚 2Q Profit Declines
Vehicle parts manufacturer Eaton Corp. said Monday its second-quarter profit fell 91% and that its full-year earnings would be less than previously forecast due to slowing demand in Europe.
July 20, 2009Business, Government
Leading Indicators Rise for Third Month
An index of leading economic indicators rose 0.7% in June, the third consecutive increase, the New York-based Conference Board said Monday.
July 20, 2009Business, Technology, Equipment, Safety
Ericsson to Receive $5 Bln. to Run Sprint鈥檚 Networks
Sprint Nextel Corp., the third-largest U.S. wireless carrier, plans to pay Ericsson AB as much as $5 billion to manage its networks, offloading the expense of running its own systems.
July 20, 2009Business, Safety, Government
I-75 Near Detroit Expected to Reopen Monday
A two-mile stretch of Interstate 75 damaged by a fiery explosion last week is expected to reopen Monday, the Detroit Free Press reported.
July 20, 2009Business, Government, Fuel
Oil Rises to Two-Week High Near $65 a Barrel
Business, Government, Safety, Fuel
Navistar Finishes Field Tests On 2010 Engines After 18 Mos.
Navistar Inc. said it has completed 18 months of laboratory and field tests of its 鈥渁dvanced鈥 version of exhaust gas recirculation engine technology that will be used to meet 2010 federal emission requirements.
July 20, 2009Editorial, Business, Government
Let the Good Times Roll
Now that we鈥檝e had a week to digest the Transport Topics 100 ranking of the largest for-hire carriers in the United States and Canada, it鈥檚 clear that our coverage focused as much on the coming silver lining as on the bleak economic reality of 2008 and the first half of 2009.
July 20, 2009