DaimlerChrysler, which last week agreed to sell its U.S. Chrysler division, will keep its heavy-duty truck and luxury car units, Chief Executive Officer Dieter Zetsche told Bloomberg News.
May 21, 2007Search
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Xata Reports Fiscal 2Q Loss
Transportation technology firm Xata Corp. said it lost $921,000 or 12 cents a share in its fiscal second quarter, compared with earning $19,000 or zero cents a year ago.
May 21, 2007Ceva Boosts EGL Offer to $2 Billion
Ceva Logistics said Monday it has made a new offer to buy EGL Inc., raising its per-share offer to $47.50 a share, or about $2 billion total.
May 21, 2007Truck Makers Oppose Legislation Imposing Fuel-Economy Standards
A Senate proposal that would set fuel-economy standards for heavy- and medium-duty trucks conflicts with a current push to reduce engine emissions and would not work without additional research, representatives of the truck manufacturing industry said.
May 21, 2007Class 8 Truck Sales Plunge in April
Sales of new Class 8 trucks plunged 45% in April, compared with a year earlier, the most severe decline in six years.
May 21, 2007Fleets Offer Expanded Storage Options
With demand for freight-hauling services relatively slack, some trucking companies are branching out beyond logistics to offer more warehousing services.
May 21, 2007House Limits Plan Granting Mexican Trucks Access
The House voted last week to impose more restrictions on the DOT’s plans to grant Mexican trucks access to U.S. highways, in a move aimed at significantly slowing a proposed pilot program.
May 21, 2007Diesel Slips 1.9¢; Gas Hits Record
The U.S. average price paid for retail diesel fuel fell another 1.9 cents last week to $2.773 a gallon, while the average gasoline price rose 4.9 cents to an all-time record of $3.103.
May 21, 2007FMCSA’s Hill Takes Questions in TT Chat Session
John Hill, administrator of the Federal Motor Carrier Safety Administration, took questions Tuesday from Transport Topics readers in a 90-minute online chat session.
May 22, 2007Diesel Price Rises 3¢ to $2.803; Gas Jumps to Another Record
Diesel fuel’s national average price climbed 3 cents to $2.803 a gallon and gasoline continued to soar, setting an all-time record for the second straight week with an 11.5-cent spike to $3.218, the Department of Energy said Monday.
May 22, 2007