Navistar International Corp. said Thursday that its fiscal third-quarter profit fell from a year ago and it was reviewing its noncore businesses. It also outlined a cost-reduction plan, including job cuts.
September 6, 2012Search
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New Truck Orders Fall 23.4%, But Still Hit 16,200 in August
New heavy-duty truck orders fell 23.4% to 16,200 in August from a year earlier, according to preliminary figures from ACT Research Co., and some truck makers said they plan more downtime at plants in order to trim production.
September 10, 2012EPA Raises Navistar Fines
Truck and engine maker Navistar Inc. can continue selling its noncompliant MaxxForce engines using exhaust gas recirculation, but the penalties will be nearly double what was originally proposed, according to an Environmental Protection Agency final rule that went into effect Sept. 5.
September 10, 2012Wright Express to Buy Fleet One for $369 Million
Payment processing and information management services provider Wright Express said it will buy fuel-card provider Fleet One for $369 million.
September 6, 2012Drivers Dreams Program Seeking Submissions
The Drivers Dreams program is seeking submissions from truck drivers for wishes the newly created program can make come true.
September 6, 2012ISM Services Index Improves in August
An index of the U.S. economy’s service sector improved in August, the Institute for Supply Management said Thursday.
September 6, 2012Colorado Chain Law Goes Into Effect for I-70
Vehicles weighing more than 26,000 pounds are required to carry snow chains while driving on Interstate 70 between Dotsero, Colo., and Morrison, Colo., according to the Colorado Department of Transportation.
September 6, 2012Initial Jobless Claims Drop for Week
Initial jobless claims dropped by 12,000 to 365,000 in the week ended Sept. 1, the Labor Department said Thursday.
September 6, 2012Intermodal Traffic Rose 6.5% for Week
U.S. intermodal traffic rose 6.5% last week over the same week last year, the Association of American Railroads reported.
September 7, 20123PL Wheels Group to Buy Broker, Forwarder MSM
Third-party logistics provider Wheels Group Inc. has signed an agreement to acquire freight broker and forwarder MSM Group of Cos. for $18.8 million in cash and stock.
September 7, 2012