DaimlerChrysler will sell its Chrysler unit to a private-equity firm for $7.4 billion, abandoning a nine-year effort to make the division profitable, Bloomberg reported Monday.
May 14, 2007Search
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Paccar Says Engine Plant Will Be Sited in Mississippi
Truck maker Paccar Inc. will site a new $400 million engine facility and technology center in Columbus, Miss.
May 14, 2007Opinion: Certified Techs: An Endangered Species
This Opinion piece appears in the May 14 print edition of Transport Topics. Click here to subscribe today.
May 14, 2007Fla. Reopens Roads Following Fire
Florida officials reopened parts of two interstates near the Georgia border that were closed over the weekend, but said intermittent closures could continue as wildfire smoke poses a safety hazard, the Associated Press reported.
May 14, 2007Court OKs Allied鈥檚 Reorg. Plan
Auto carrier Allied Holdings said Saturday that a bankruptcy court has approved its reorganization plan.
May 14, 2007Court OKs Allied鈥檚 Plan
Auto carrier Allied Holdings said Saturday that a bankruptcy court has approved its reorganization plan.
May 14, 2007Fleets Eye Safety Gains to Cut Insurance Costs
Risk management has taken on a new urgency for many carriers as trucking companies attempt to reduce operating costs and minimize insurance premiums, often by including safety improvements.
May 14, 2007STB Ends Antitrust Immunity for Trucking Rate Bureaus
The Surface Transportation Board has revoked the authority of motor carriers to engage in collective ratemaking and freight classification.
May 14, 2007Firms Seek to Replace Pension Funds
NEW YORK 鈥 The top executive at Arkansas Best Corp. said he expects to offer his fleet鈥檚 unionized employees a less-costly pension benefit plan and withdraw from the current Teamsters multi-employer funds.
May 14, 2007Fleets Grow as Freight Falls
NEW YORK 鈥 The decline in freight volume this year and the number of heavy-duty trucks purchased last year during the 鈥減re-buy鈥 were both markedly bigger than analysts thought, leading to too many trucks chasing too little business.
May 14, 2007