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Brake manufacturer Haldex said it signed a license and manufacturing agreement with a subsidiary of Chinese manufacturer Asimco Technologies to manufacture a new Haldex-designed twin-cylinder air-brake compressor for commercial vehicles.

Click here to write a Letter to the Editor. he fatality rate on the nation’s highways in 2004 was the lowest since record-keeping began 30 years ago, and while passenger vehicle deaths dropped, fatalities from large truck crashes increased slightly, the National Highway Traffic Safety Administration said Monday.

Click here to write a Letter to the Editor. rude oil prices soared to a record $62.20 a barrel Monday following reports of U.S. refinery capacity concerns and the death of Saudi Arabia's King Fahd, news services reported.

Auto hauler Allied Holdings said Monday it has filed for Chapter 11 bankruptcy protection.

Click here to write a Letter to the Editor. conomists predicted U.S. economic growth would be higher than previously expected in the second half of this year, the Wall Street Journal reported Monday.

Truckload carrier P.A.M. Transportation Services said late Thursday its second-quarter net income rose to $3.67 million or 33 cents a share, compared with $3.65 million or 32 cents for the same period last year.

Landstar System late Thursday said its board of directors declared a quarterly dividend of 2.5 cents per share and authorized the purchase of up to 2 million shares of its stock in open-market and privately negotiated transactions.

Manufacturing activity in the Chicago area surged in July, the National Association of Purchasing Management-Chicago said in its monthly report issued Friday.

The U.S. economy grew at an annual rate of 3.4% in the second quarter, down from 3.8% in the first quarter, the Commerce Department reported Friday.