The Federal Reserve Tuesday cutĀ the key U.S. interest rate to a ātarget rangeā of zero to 0.25%, a record low.
December 16, 2008Search
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MAN Buys Volkswagenās Brazilian Truck Operations
German truck maker MAN AG will acquire the Brazilian truck and bus operations of Volkswagen AG, which is MANās largest shareholder, for an undisclosed sum, Bloomberg reported Monday.
December 15, 2008EPA to Require Sensors For Emissions in 2010
The U.S. Environmental Protection Agency has issued its final rule requiring heavy-truck manufacturers to install onboard diagnostic systems starting in 2010 to alert drivers when engine emission systems are malfunctioning or deteriorating.
December 15, 2008Wabash Suspends Dividend Payments
Trailer maker Wabash National Corp. said Monday it is suspending its quarterly dividend, ādue to the impact of continued weak economic conditions and the uncertainty regarding the timing of a recovery.ā
December 15, 2008New York Manufacturing Index Reaches All-Time Low
Manufacturing growth in New York state continued to show contraction this month, hitting the lowest level on record, the Federal Reserve Bank of New York said Monday.
December 15, 2008Industrial Production Falls in November
U.S. industrial production fell 0.6% in November, the Federal Reserve said Monday.
December 15, 2008Used Truck Association Names New President
The Used Truck Association has named Marty Crawford, an Atlanta-based dealer for Arrow Truck Sales, as its president.
December 15, 2008Calif. Sets Strict Diesel Emissions Rule
The California Air Resources Board Friday adopted the strictest diesel emission standards in the nation, requiring expensive diesel particulate filters on rigs on a timetable, over objections the rule could hurt or shut down smaller trucking companies, the Associated Press reported.
December 15, 2008UPS Speeds Some LTL Shipments
UPS Freight said Monday it has set faster less-than-truckloadĀ shipping times between central Illinois and points throughout the country.
December 15, 2008Daimler Delivers LNG Trucks To Port, Intermodal Carrier
LONG BEACH, Calif. ā Executives of Daimler Trucks North America celebrated the official delivery of its first production-model heavy-duty trucks powered by liquefied natural gas here last week at the busiest port complex in North America.
December 15, 2008