Volvo AB signed an agreement with China’s Dongfeng Motor Group Co. to acquire 45% of a new commercial-vehicles subsidiary of the Chinese company for about $900 million.
January 28, 2013Search
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XRS Launches Fleet Optimization Platform for Mobile Devices
XRS Corp. said it has released a platform for fleet optimization and compliance that can run on more than 50 types of mobile devices.
January 29, 2013Caterpillar’s Fourth-Quarter Profit Drops
Heavy equipment maker Caterpillar Inc.’s fourth-quarter profit fell to $697 million, or $1.04 a share, from $1.55 billion, or $2.32, a year ago, on lower production and acquisition costs.
January 28, 2013Caterpillar’s Fourth-Quarter Profit Drops 55%
Heavy equipment maker Caterpillar Inc. reported its fourth-quarter profit fell 55% to $697 million, or $1.04 a share, from $1.55 billion, or $2.32, a year ago, on lower production.
January 28, 2012Durable Goods Orders Rise 4.6%
Durable goods orders rose 4.6% in December, the Commerce Department reported Monday.
January 28, 2013Gasoline Rises 2¢ to $3.344, Lundberg Survey Reports
Gasoline rose 2 cents in the past two weeks to $3.344 a gallon, according to the latest Lundberg survey of filling stations released Sunday.
January 28, 2013ATA Asks for Delay in HOS Rule
American Trucking Associations has asked the Federal Motor Carrier Safety Administration for a delay in the effective date of FMCSA’s new hours-of-service rule of three months following a court’s decision on the rule.
January 28, 2013Werner’s 4Q Net Income Falls
Werner Enterprises said its fourth-quarter net income fell 12% from a year ago because of softer freight demand.
January 29, 2013Diesel Rises for Second Straight Week, Increasing 2.5¢ to $3.927 a Gallon
Diesel rose 2.5 cents to $3.927 a gallon, the second straight increase following two months of declines, while gasoline rose for a sixth week, the Department of Energy said.
January 29, 2013BX Solutions Expands Logistics Network
BX Solutions, a Toledo, Ohio-based third-party logistics provider, has launched an expanded “time-definite” transportation network connecting 31 cities in the Midwest and Southeast.
January 29, 2013