President Bush proposed a $3.1 trillion fiscal 2009 budget on Monday that would give the Department of Transportation $68 billion, a $1 billion increase over last year’s request.
February 4, 2008BusinessFuelEquipment
Volvo Extends Partnership with Cummins for 2010 Engines
Volvo Trucks North America said Monday it will offer a heavy-duty engine made by Cummins Inc. that is certified for 2010 emissions standards for its Volvo VN Class 8 trucks, extending an existing agreement between the two.
February 4, 2008GovernmentBusinessFuel
EPA Budget Would Boost ‘Clean Diesel’ Spending
The Environmental Protection Agency’s fiscal year 2009 budget request includes $49.2 million in clean diesel grants, EPA said Monday following the release of President Bush’s budget.
February 4, 2008BusinessSafetyGovernment
R.I. Checking Bridges in Inspections Program
Rhode Island transportation officials are checking the designs of 15 bridges in the state for a flaw that may have contributed to a fatal bridge collapse in Minneapolis last August, the Associated Press reported.
February 4, 2008BusinessGovernment
Ohio Eyes Higher Fines for Overweight Trucks
The Ohio State Patrol wants higher fines for trucks carrying overweight loads, the Associated Press reported Monday.
February 4, 2008Business
UPS, J.B. Hunt Boost Dividends
UPS Inc. and J.B. Hunt Transport Services each announced they would increase their upcoming dividend payments.
February 4, 2008GovernmentBusinessFuel
Oil Falls to Near $88 a Barrel
Crude oil prices fell for a third trading day in pre-market trading Monday, with futures falling almost $1 to $88.07 a barrel on the New York Mercantile Exchange, Bloomberg reported.
February 4, 2008BusinessLogistics
Express-1 Unit Buys Logistics Firm
Express-1 Expedited Solutions said it bought Concert Group Logistics for $9 million in cash and 4.8 million shares of stock.
February 4, 2008Business
Delphi’s Loss Increases; Bankruptcy Plan Approved
Parts maker Delphi Corp. reported a net loss in December of $964 million, more than double that of the same month a year earlier, Bloomberg reported.
February 4, 2008BusinessTechnologyEquipmentSafety
Karmak Updates Its Management System
Karmak Inc., a software supplier for the trucking industry, said it has released a major update of its Legend business management system, designed solely for the heavy-duty trucking industry.
February 4, 2008