Navistar International Corp. said Wednesday it set a plan to “deter coercive takeover tactics” and prevent hostile investors from taking control of the company.
June 20, 2012BusinessFuel
Oil Closes Below $82 Following Strong Supply Report
Oil fell to finish the trading day below $82 a barrel Wednesday for the first time since early October following a Department of Energy report that showed supplies near a 22-year high, Bloomberg reported.
June 20, 2012Business
ATA Seeks Nominations for 2013-2014 America’s Road Team
American Trucking Associations is seeking nominations for professional truck drivers to serve as Road Team Captains on the 2013-2014 America’s Road Team.
June 20, 2012Business
Medium-Duty Sales Rise 16% in May; Only Class 6 Slips
U.S. retail sales of Classes 4-7 medium-duty trucks increased 16.2% in May, with only Class 6 posting a decline for the month, WardsAuto.com reported.
June 20, 2012BusinessLogistics
Faster Recovery Has Fizzled, Says Logistics Study’s Author
WASHINGTON — The fast-paced recovery most had hoped for hasn’t materialized and economists believe the country will suffer slow growth for three years, according to a report on logistics from the Council of Supply Chain Management Professionals.
June 20, 2012Business
May Truck Tonnage Rises 4.1%
Truck tonnage rose 4.1 % in May from a year ago, the biggest year-over-year gain since February, American Trucking Associations said Tuesday.
June 19, 2012Business
FedEx Reports Higher Adjusted 4Q Profit
FedEx Corp. said Tuesday its fourth-quarter profit slipped to $550 million, or $1.73 per share, from $558 million, or $1.75, a year ago.
June 19, 2012BusinessFuel
Diesel Drops 5.2¢ to $3.729 a Gallon; Gasoline Falls Again
Diesel fell for a 10th straight week, dropping 5.2 cents to $3.729 a gallon, an eight-month low, while gasoline also continued to fall, Department of Energy said.
June 19, 2012Business
YRC Revamps Network to Cut Transit Times
YRC Freight, the national trucking unit of YRC Worldwide, said it has completed streamlining its less-than-truckload network to accelerate service on all major U.S. freight lanes, a move intended to enhance service.
June 19, 2012Business
Mack to Add Two Natural-Gas Models
Mack Trucks said it will add over-the-road and dump truck models to its lineup of heavy-duty vehicles powered by natural gas.
June 19, 2012