Tire maker Bridgestone Corp. has secured European antitrust approval to buy Bandag Inc. for $1.05 billion, Bloomberg reported Tuesday.
May 29, 2007GovernmentBusinessSafety
ATA Encourages EPA to ‘Harmonize’ Federal, California OBD Requirements
American Trucking Associations has urged the Environmental Protection Agency to harmonize pending federal and California onboard diagnostics rules.
May 29, 2007BusinessGovernmentAutonomous
Bush Signs Mexican Trucks Restrictions Into Law
President Bush signed a bill Friday that would set restrictions on the government’s pilot program to allow Mexican trucks access to U.S. highways, the Associated Press reported.
May 29, 2007GovernmentBusiness
Consumer Confidence Gains in May
Consumer confidence improved in May, the New York-based Conference Board said Tuesday.
May 29, 2007Business
DAF to Boost Truck Output To Meet High European Demand
DAF Trucks NV, a unit of U.S. truck maker Paccar Inc., plans to increase production at its main plant by about 5% to 192 vehicles per day starting in June to meet high European freight transport demand, Bloomberg reported Tuesday.
May 29, 2007Business
AirIq Posts Small 1Q Profit
May 29, 2007
Business
FedEx to Increase Quarterly Dividend
FedEx Corp. said it will raise its quarterly dividend to 10 cents a share, from 9 cents, on July 2.
May 29, 2007Business
PSE&G to Buy Hybrid Trucks
New Jersey utility company Public Service Electric and Gas Co. Tuesday unveiled plans Tuesday to replace 1,300 vehicles with hybrids and making changes in other areas of its corporate fleet.
May 29, 2007BusinessGovernmentSafety
Union Fund Exit Would Cost UPS Up to $4 Billion
UPS Inc. would have to pay about up to $4 billion to cover its share of a Teamsters pension fund’s obligations, industry sources said.
May 28, 2007BusinessGovernmentSafetyLogisticsAutonomous
STB Asked to Delay New Limits On Freight Rate-Setting Bureaus
The National Motor Freight Traffic Association has asked the Surface Transportation Board to delay a decision to end antitrust immunity for trucking rate bureaus.
May 28, 2007