The Federal Trade Commission has removed one of the last hurdles facing the proposed merger of Pilot Corp. and Flying J by ordering the two truck-stop chains to sell certain locations to rival rest stop operator Loves Travel Stops and Country Stores.
July 1, 2010Business
Daimler Boosting Production at N.C. Truck Plants
Daimler Trucks North America said Wednesday it will ramp up production next month at two North Carolina truck factories and a third logistics plant, recalling about 540 workers to the facilities.
June 30, 2010Business
Chicago Manufacturing Index Shows Continued Expansion
Manufacturing activity in the Chicago region fell slightly in June but showed expansion for a ninth straight month, the Institute for Supply Chain Management-Chicago said Wednesday.
June 30, 2010Business
TransCore Sees Its Busiest May in 10 Years
TransCore Holdings, a major electronic load board operator, reported a tripling of activity across its U.S.-Canadian network in May, calling it the busiest May the company has seen in 10 years.
June 30, 2010Business
Eaton Forms Alliance with German Hydraulics Firm
Vehicle parts manufacturer Eaton Corp. said Wednesday it has formed an alliance with German firm Linde Hydraulics.
June 30, 2010Business
Ford to Make $4 Billion Debt Payment
Ford Motor Co. will make a $4 billion payment on its outstanding debt, paying into a United Auto Workers trust fund that pays retiree health care bills, the Associated Press reported Wednesday.
June 30, 2010Business, Safety, Logistics
Opinion: Out of the Lab, Into the Cab
June is National Safety Month, a particularly relevant observance this year as the Federal Motor Carrier Safety Administration makes final revisions to its operational model for the Comprehensive Safety Analysis 2010 program, with implementation expected as early as December.
June 30, 2010Government, Business
NAFTA Surface Trade Jumps in April
Surface transportation trade among the United States, Canada and Mexico rose 32.4% in April, the third straight jump of at least 24%, the Department of Transportation said.
June 29, 2010Government, Business
More Road Projects Planned During Busy Summer Season
President Obama marked the 10,000th road project funded by last years stimulus law in Columbus, Ohio, earlier this month, marking the beginning of what is being dubbed Recovery Summer, a six-week surge of infrastructure projects funded by the stimulus.
June 29, 2010Business, Fuel
Oil Falls Below $76 a Barrel
Oil fell more than $2 Tuesday to below $76 a barrel, following reports that the Chinese economy was expanding less than forecast, Bloomberg reported.
June 29, 2010