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Kenworth, Peterbilt Introduce Refinements for 2006 Truck Models

LOUISVILLE, Ky. — Paccar Inc.’s two truck brands are both seeking to increase market share and profits in 2005, executives of Kenworth Truck Co. and Peterbilt Motors Co. said last week.

April 8, 2005

UPS Expanding Distribution, Logistics Services in Asia

UPS Inc. said Thursday it was adding new freight and logistics options to customers doing business within Asia.

April 7, 2005

UTi Worldwide Reports Increased 4Q Profit

Air and ocean freight forwarder UTi Worldwide Inc. reported net income of $189.6 million or 58 cents a share for its fiscal year 2005 fourth-quarter ended Jan. 31, compared with $12.2 million or 38 cents the previous year.

April 7, 2005

EIA Projects Gasoline Prices to Rise; Diesel May Drop Slightly

Diesel and gasoline prices this summer will remain high, with diesel at an average $2.24 a gallon and gasoline at $2.28, the Energy Department’s Energy Information Administration said in a report released Thursday.

April 7, 2005

February Wholesale Inventories Rise 0.6%

U.S. wholesale inventories rose 0.6% in February to $345.1 billion, the Commerce Department said Thursday.

April 7, 2005

J.B. Hunt Switches Accounting Firms

J.B. Hunt Transport Services Inc.’s audit committee decided to change accountants for the truckload carrier, hiring Ernst & Young and firing KPMG, the Springdale (Ark.) Morning News reported Thursday.

April 7, 2005

OPEC to Meet With European Officials; Saudis May Boost Output

OPEC oil producers may produce more oil to cope with surging world demand and the cartel’s ministers will meet in June with European Union officials, news reports said Thursday.

April 7, 2005

Stonepath Reports 4Q Loss; Files Amended 2004 Statements

Logistics firm Stonepath Group reported a net fourth-quarter loss of $6 million or 15 cents a share, compared with net earnings of $1.7 million or 4 cents a year earlier.

April 7, 2005

Initial Jobless Claims Drop 19,000, Labor Dept. Says

The number of U.S. workers filing for initial unemployment benefits fell by 19,000 in the week ended April 2, the Labor Department reported Thursday.

April 7, 2005