Tire maker Bridgestone Corp. has secured European antitrust approval to buy Bandag Inc. for $1.05 billion, Bloomberg reported Tuesday.
May 29, 2007Search
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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, 2007
Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Feds Push Coal-Liquid Technologies
Federal officials and the coal industry are making a push for big subsidies to develop technologies to turn coal into liquid fuel, the New York Times reported Tuesday.
May 29, 2007DAF 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, 2007FedEx 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, 2007Preliminary 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, 2007Knight Raises Quarterly Dividend
Truckload carrier Knight Transportation said Tuesday its board raised the company’s quarterly cash dividend, declaring a dividend of 3 cents per share, an increase of 50%.
May 29, 2007PSE&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, 2007Diesel Climbs 1.4¢ to $2.817
Diesel fuel’s national average pump price rose for a second straight week, gaining 1.4 cents to $2.817 a gallon, the Department of Energy said Monday.
May 30, 2007AirIq Posts Small 1Q Profit
Canadian technology firm AirIq Inc., which provides wireless location services to the trucking industry, said it earned C$671,000, or less than 1 Canadian cent per share, in the first quarter, comp
May 29, 2007