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German Truck Maker MAN AG Reports Higher 4Q Profit
European truck maker MAN AG’s fourth-quarter profit rose 22% on higher demand for commercial vehicles in eastern Europe, where economies grew twice as fast as in the company’s domestic market in Germany, Bloomberg reported.
February 6, 2007Diesel Price Rises 2.2 Cents to $2.435 a Gallon
The average price of retail diesel fuel rose 2.2 cents to $2.435 a gallon, marking the first increase in eight weeks, the Department of Energy said late Monday.
February 6, 2007DOE Lowers 2007 Diesel Price Forecast to $2.59 a Gallon
Diesel prices will average $2.59 this year, down from $2.705 last year and 7 cents below an earlier forecast, the Department of Energy said Tuesday.
February 6, 2007ArvinMeritor Expects Loss From Emissions Unit Sale
ArvinMeritor Inc. said it would take a loss on the pending $310 million sale of its emissions technology business to a private equity firm, Bloomberg reported.
February 6, 2007Teamsters Oppose Allied’s Motion to Void Contract
Auto hauler Allied Holdings filed a motion Friday asking that an Atlanta bankruptcy court void the contract between the Teamsters union and Allied and allow the company to implement the wage, benefits and work-rule concessions it has been seeking, the Teamsters said.
February 5, 2007Technology Briefs — Jan. 30 - Feb. 5
Analyst Says More Ethanol Won’t Stem Consumption • Extol to Provide Software to C.R. England • J.B. Hunt Chooses PAR System for Reefer Tracking
February 5, 2007ISM Services Index Rises in January
The economy’s service sector growth improved last month, the Institute for Supply Management said Monday.
February 5, 2007SkyBitz, Stemco to Offer Mileage Readings for Trailer-Tracking System
Trailer-tracking technology maker SkyBitz Inc. and has teamed with Stemco LP to offer mileage readings in conjunction with real-time trailer tracking for commercial fleets and trailer leasing companies, the two said Monday.
February 5, 2007UPS Orders 27 Boeing Jets for Air Shipments
UPS Inc. said Monday it has ordered 27 new Boeing jets to support its growing package business while providing broad options for the management of its air fleet.
February 5, 2007EPA Boosts Enforcement of ULSD Labeling Rule
The Environmental Protection Agency said it has increased enforcement of its fuel-pump labeling rule after finding that the majority of retail diesel pumps it tested did not display ultra-low-sulfur-diesel labels, even though they were dispensing ULSD.
February 5, 2007