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Navistar Eyes World Presence Through Caterpillar Network

Caterpillar Inc. and Navistar International Corp. said they will pursue business opportunities around the world together, as Caterpillar bowed out of the North American heavy-duty engine market last week.

June 16, 2008

Caterpillar Exits U.S. Truck Market

Caterpillar Inc., which lost its dominant position in heavy-duty engines last year because of persistent problems with 2007-compliant models, said it will pull out of the North American Class 8 market by 2010, except for a severe-duty truck and engine in partnership with Navistar International Corp.

June 16, 2008

Jobless Claims Jump 25,000 for Week

Initial jobless claims jumped 25,000 last week, the Labor Department said Thursday.

June 12, 2008

Volkswagen Gets EU Approval to Buy Scania

Volkswagen AG has gained antitrust approval from European regulators to buy a controlling stake in Swedish truck and bus maker Scania AB, Bloomberg reported Friday.

June 13, 2008

Rail, Intermodal Traffic Decline

Rail and intermodal traffic fell for the week ended Saturday compared with the same week a year ago, the Association of American Railroads said.

June 12, 2008

Caterpillar to Exit Class 8 Engine Market After 2010

Caterpillar Inc., which said Thursday it has signed an agreement to develop a heavy-duty truck with Navistar International Corp., said it would not develop and sell engines that meet 2010 emissions standards to other truck original equipment manufacturers.

June 13, 2008

Interstate 80 Reopens in Iowa Following Floods

Interstate 80 has reopened in Iowa, the Iowa Department of Transportation said.

June 17, 2008

IdleAire Can Proceed With Sale, Judge Rules

IdleAire Technologies Corp., which designs anti-idling systems for long-haul trucks at truck stops, can proceed with a proposed sale without an investigation, a judge ruled, Bloomberg reported Monday.

June 16, 2008

Several Class 8 Hybrids Being Developed, But Experts Say Many Obstacles Still Loom

WASHINGTON — Several prototype Class 8 hybrid trucks are currently under development, but the technical and economic obstacles in the way of placing reliable and fuel-efficient heavy hybrid over-the-road trucks in service remain daunting, experts told a House subcommittee.

June 16, 2008

Diesel Holds at $4.692; Gas Jumps 4.3¢ to $4.082

The national average price of diesel held at $4.692 a gallon from a week ago, while gasoline continued its string of increases in rising 4.3 cents to a record $4.082, the Department of Energy reported.

June 17, 2008