Soaring gasoline prices, pushed by record crude oil prices, are causing U.S. consumers to reduce consumption of gasoline, the Wall Street Journal reported Monday.
March 3, 2008Business, Safety, Government
Coalition Presses Congress for Action on Safety Technology Tax Incentives
WASHINGTON — A coalition of law enforcement and equipment manufacturers pressed Congress to act on a bill that would give fleets a tax incentive for purchasing safety technology.
March 3, 2008Business
Volkswagen Takes Control of Scania
German auto and truck maker Volkswagen AG has taken control of Swedish truck maker Scania AB, buying the Wallenberg family’s stake in Scania for about $4.4 billion, Bloomberg reported Monday.
March 3, 2008Business, Safety, Government
ISM Factory Index Shows Contraction in February
The Institute for Supply Management’s manufacturing index contracted last month, ISM said Monday.
March 3, 2008Government, Business
Construction Spending Falls 1.7%
Construction spending fell 1.7% in January, the Commerce Department said Monday.
March 3, 2008Business, Government, Fuel
Gasoline Consumption Falling
Business, Safety, Technology, Equipment
Volvo Invests in Anti-Theft System Based on Radio Technology
Volvo AB, parent company of Volvo Trucks North America and Mack Trucks Inc., said it was working on a new tractor-trailer anti-theft system based on intelligent radio technology and sensors.
March 3, 2008Business, Logistics
Wright Express Completes Pacific Pride Acquisition
Wright Express Corp., which provides payment processing and information management services to fleets, said Monday it completed its $32 million acquisition of privately held Pacific Pride Services.
March 3, 2008Government, Business, Safety, Equipment
CMV to Update Cadec’s Customers
Cadec Global, provider of fleet management software, and CMV Safety Consulting Inc. said they formed a partnership to keep Cadec customers up-to-date on North American trucking regulation changes.
March 3, 2008Business, Technology, Equipment, Safety
Coca-Cola Buys 120 Eaton Hybrid Trucks
Component manufacturer Eaton Corp. said that Coca-Cola Enterprises has purchased 120 new trucks for 2008 delivery, powered by Eaton’s hybrid electric drivetrain system, Bloomberg reported.
March 3, 2008Business, Safety, Government
January Truck Tonnage Grows 5.3%
Truck tonnage in January posted its biggest gain since the beginning of 2005, climbing 5.3% above year-ago levels and marking the third consecutive increase for the monthly index, American Trucking Associations reported Feb. 26.
March 3, 2008