The average price of diesel fuel rose for the second straight week, gaining 2.2 cents to $2.55 a gallon, the Department of Energy said Monday.
August 4, 2009Business
Commercial Vehicle Group Reports 2Q Loss
Parts maker Commercial Vehicle Group reported it lost $22.5 million, or $1.04 per share, in the second quarter, compared with earning $3.1 million, or 14 cents, a year ago.
August 5, 2009Business, Logistics
Wabash Completes $35 Million Capital Infusion
Trailer maker Wabash National Corp. said it has completed a $35 million investment in the company by a private equity firm.
August 4, 2009Business
Pepsi Units to Merge in $7.8 Billion Deal
Soft drink giant PepsiCo said Tuesday it has entered into a $7.8 billion merger deal with its its two largest anchor bottlers.
August 4, 2009Business, Safety, Government
DOT to Host September Summit on Texting and Driving
The Department of Transportation will convene a September summit to come up with a plan to deal with the issue of texting while driving, DOT said Tuesday.
August 4, 2009Business, Logistics
Expeditors’ Second-Quarter Income Declines
Logistics firm Expeditors International of Washington said Tuesday its second-quarter net income fell 24% to $54.1 million, or 25 cents a share, from $71.3 million, or 32 cents, a year ago.
August 4, 2009Fuel, Business, Government
Diesel Rises 2.2¢ to $2.55
Business, Equipment
ArvinMeritor Reports 3Q Loss; Will Sell Wheels Business
Truck components maker ArvinMeritor said Tuesday it lost $162 million, or $2.23 per share, in its fiscal third quarter, compared with a profit of $44 million, or 60 cents per share, a year ago.
August 4, 2009Business, Government
Personal Spending Rises; Incomes Take Biggest Plunge in Four Years
Consumer personal spending rose modestly in June, while incomes fell by the most in four years, the Commerce Department said Tuesday.
August 4, 2009Business
Tyson Foods, Pilgrim’s Pride Earnings Improve
Two poultry producers who operate private truck fleets reported improved profits in the most recent quarter.
August 4, 2009Business, Safety, Government
ISM Manufacturing Index Gains in July
Manufacturing activity improved in July and shrank at the slowest pace in nearly a year, the Institute for Supply Management said Monday.
August 3, 2009