Diesel rose for the third straight week, climbing 2.6 cents to $3.949 a gallon, while gasoline rose for a fourth week, the Department of Energy said Monday.
July 26, 2011Business
Ford’s Second-Quarter Profit Declines
Ford Motor Co.’s second-quarter profit declined $201 million from a year ago, the company said Tuesday.
July 26, 2011Business, Logistics
Chrysler Reports 2Q Profit Excluding Loan Paybacks
Chrysler Group LLC reported second-quarter net profit of $181 million, after excluding losses from paying off U.S. and Canadian government loans early, Bloomberg reported Tuesday.
July 26, 2011Business
Purchases of Classes 4-7 Vehicles Rise 23.8% in June
U.S. retail sales of Classes 4-7 trucks totaled 12,819 units in June, 23.8% more than the 10,356 units sold in June 2010, WardsAuto.com reported.
July 26, 2011Government, Business
NTSB Issues Cargo Tank Rollover Recommendations
The National Transportation Safety Board Tuesday issued a slate of regulatory recommendations aimed at reducing the number of cargo tank truck rollovers.
July 26, 2011Business, Technology, Equipment, Safety
Bendix to Buy Iteris’ Vehicle Sensors Business for $14 Million
Bendix Commercial Vehicle Systems said late Monday it will acquire Iteris Inc.’s vehicle sensors business, including Iteris’ lane departure warning system.
July 25, 2011Business
James Welch Named CEO of YRC Worldwide
YRC Worldwide said it has named transportation industry veteran James Welch its new CEO, effective immediately, following the company’s restructuring.
July 25, 2011Business
Eaton’s 2Q Profit Rises 47%; Truck Segment Posts Record Sales
Truck and auto components maker Eaton Corp. said Monday its second-quarter profit rose 47% as its truck unit’s sales rose to a quarterly record.
July 25, 2011Business
FAA Funding Stalemate Halts Airport Construction Projects, Furloughs Workers
Dozens of airport construction projects around the country are on hold and thousands of workers are furloughed because Congress has not passed legislation to keep the Federal Aviation Administration operating, the Associated Press reported Monday.
July 25, 2011Business
Pa. Turnpike’s Cash Fares to Rise; Commercial Hauler Discount Will End
Cash fares will rise 10% on the Pennsylvania turnpike in 2012, but tolls will remain the same for E-ZPass users.
July 25, 2011