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Dana Buys Engine-Parts Plants
Automotive supplier Dana Corp. of Toledo announced it has reached a definitive agreement to buy the engine-parts business of Federal-Mogul Corp. of Southfield, Mich., for $430 million.
October 28, 1998Durable-Goods Orders Post 4th Consecutive Increase
Orders to American factories for big-ticket durable goods rose 0.9 percent in September, pulled higher by demand for automobiles, communications equipment and military goods.
October 28, 1998Oregon Gov. Wants More Troopers
Gov. John Kitzhaber will ask the Oregon Legislature to hire 100 more state troopers to patrol highways.
October 28, 1998Engine Maker Says Agreement Cheaper than Fighting EPA
Volvo Truck Corp. agreed to pay a fine of $5 million and fund $9 million in environmental projects to settle claims by the Environmental Protection Agency that it violated clean-air rules only because the cost of challenging the federal agency in court would have been too expensive.
October 27, 1998Displaced Workers to Be Trained As Truck Drivers With Federal Grant
The U.S. Department of Labor will award a $1.2 million grant to the ATA Foundation to train workers who've lost their jobs in other industries to become long-haul truck drivers.
October 27, 1998Trucking Executives Lend New Orleans School a Helping Hand
Nearly 150 trucking executives joined community volunteers on a sunny Saturday in New Orleans to paint, plant and rejuvenate their industry image.
October 27, 1998New German Government Plans Diesel Fuel Tax Hike
Germany's new "red-green" coalition government has announced that it will raise diesel fuel taxes by the equivalent of 14 cents, bringing the total take to roughly $1.61 per gallon.
October 27, 1998Navistar Strike Keeping Police Busy
Clark County Sheriff Gene Kelly is caught in the middle of a three-week-old strike at Navistar International's truck-customizing plant, and it's clear he'd rather be doing something else.
October 27, 1998IBM Sells Hi-Tech Logistics Stake to Tibbett & Britten
IBM sold its 40% shareholding in Hi-Tech Logistics Ltd. to the Britain-based international transport and logistics firm Tibbett & Britten.
October 27, 1998EPA Fines Engine Makers
Diesel engine manufacturers have agreed to pay record fines of $185 million and make significant design modifications to settle Environmental Protection Agency claims that they broke clean-air standards.
October 26, 1998