TravelCenters of America said late Wednesday it has acquired fellow truck stop chain Petro Stopping Centers for about $700 million.
May 31, 2007BusinessTechnologyEquipmentSafetyAutonomous
TMW Acquires Software Firm
Trucking software firm TMW Systems said Thursday it acquired TMT Software, which makes fleet maintenance applications, for an undisclosed sum.
May 31, 2007GovernmentBusiness
Construction Spending Rises 0.1%
Construction spending rose 0.1% in April, for a third straight monthly increase, the Commerce Department said Thursday.
May 31, 2007BusinessLogisticsGovernment
Chicago Factory Index Rises in May
Manufacturing activity in the Chicago region accelerated in May, the National Association of Purchasing Management said Thursday.
May 31, 2007Business
Jobless Claims Fall 4,000 for Week
Initial jobless claims fell 4,000 last week, the Labor Department said Thursday.
May 31, 2007Business
European Mandates Push Biofuels Development
May 30, 2007
BusinessSafetyGovernment
April Truck Tonnage Declines
American Trucking Associations’ advanced for-hire truck tonnage index April’s was 2.7% below the same month last year, the group said.
May 30, 2007BusinessSafetyGovernmentAutonomous
Preliminary Report Shows Downturn in ’06 Large-Truck Crash Fatalities
Preliminary data released by the Department of Transportation show that fatalities from large truck crashes declined 3.7% last year compared with 2005.
May 30, 2007Business
Fed Minutes Cite Housing Slump, Inflation Concerns
Federal Reserve officials acknowledged they underestimated the length of the U.S. housing slump, and continued to view inflation as the biggest risk to the economy.
May 30, 2007BusinessGovernmentAutonomous
Bush Signs Mexican Trucks Restrictions Into Law
President Bush has signed a bill into law setting restrictions on the government’s pilot program to allow Mexican trucks access to U.S. highways, the Associated Press reported.
May 30, 2007