Western Express, which is planning to purchase Smithway Motor Xpress Corp. said late Thursday it would delay the deal’s closing to October because of recent volatility in U.S. credit markets.
August 31, 2007Business
Karlsten to Head Volvo’s Global Powertrain Unit
Peter Karlsten, the head of Volvo Trucks North America, has been appointed president of Volvo Powertrain, a unit of the Sweden-based Volvo AB, the company said Thursday.
August 31, 2007Business, Logistics, Government
Chicago Manufacturing Index Improves
Manufacturing activity in the Chicago region saw a modest gain in August, the National Association of Purchasing Management said Friday.
August 31, 2007Business, Government
Consumer Sentiment Index Drops in August
U.S. consumer confidence fell to a one-year low this month, according to the University of Michigan’s monthly consumer sentiment index released Friday.
August 31, 2007Government, Business
Personal Spending Rises 0.4%
Consumer personal spending rose 0.4% in July, the Commerce Department said Friday.
August 31, 2007Business
Western, Smithway Delay Closing
Business, Safety
Rail, Intermodal Traffic Drop
Rail carload and intermodal freight traffic declined from a year ago for the week ended Saturday, continuing a trend this year, the Association of American Railroads said Thursday.
August 30, 2007Business, Safety
Volvo’s North American Deliveries Drop 60%
Volvo AB’s North American units’ deliveries fell more than 60% from a year ago from January through July, the company said Wednesday.
August 30, 2007Business, Safety, Government, Autonomous
NAFTA Trade Gains 5.2%; Truck Trade Dips
Surface trade among the United States, Canada and Mexico was 3.9% higher in June than a year earlier, though truck trade declined, the Department of Transportation said Thursday.
August 30, 2007Business, Logistics, Technology, Equipment, Safety
Ryder to Buy Canadian Leasing Firm
Ryder System said it has reached agreement to buy a privately held Canadian truck leasing company for an undisclosed sum.
August 30, 2007Government, Business, Safety
Groups Sue to Block Mexican-Trucks Plan
Five groups filed suit Wednesday in attempt to block a Department of Transportation pilot program set to allow some Mexican trucks full access to U.S. roads.
August 30, 2007