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Technology Briefs — July 25 - July 31
Navteq Signs Deal With LandSonar on Traffic Data • TransCore Acquires Rail Logistics Provider • Pennsylvania Using Sensors to Improve Roads • AtRoad Takes $2.9 Million Second-Quarter Loss • And more...
July 31, 2006Oshkosh Truck Buys Iowa Company
Specialty truck maker Oshkosh Truck Corp. said late Friday it signed an agreement to buy Iowa Mold Tooling Co. for $131 million.
July 31, 2006Editorial: ULSD and Interesting Times
We doubt that anyone expected the national conversion to ultra-low-sulfur diesel as the primary motor fuel for the trucking industry would be completely smooth. But we also doubt that most folks thought the switchover would fulfill that old and often-quoted curse: May you live in interesting times.
July 31, 2006UPS Freight President Leo Suggs Steps Down
UPS Inc. said Monday that Leo Suggs has stepped down as president of the company’s UPS Freight less-than-truckload unit. He has been succeeded by long-time colleague Gordon Mackenzie.
July 31, 2006Consumer Sentiment Index Falls in July
The University of Michigan’s consumer sentiment index for July declined to 84.7 from an 84.9 reading in June as conflict in the Middle East added to worries of higher gasoline prices and a cooling economy, Bloomberg reported.
July 28, 2006Michelin Earnings Down in First-Half
Tire maker Michelin’s net income for the first half of 2006 fell 29% to 276 million euros, down from 389 million euros a year ago, Bloomberg reported.
July 28, 2006June Truck Tonnage Down 0.7%, ATA Says
American Trucking Associations said Tuesday its preliminary June for-hire truck tonnage index decreased for the first time in three months, falling 0.7% following gains of 2% and 0.4% in April and May, respectively.
July 28, 2006YRC Eyes Early Start for Teamsters Talks
Less-than-truckload company YRC Worldwide Inc. said it is prepared to begin contract talks with the Teamsters Union early, Bloomberg reported Friday.
July 28, 2006Celadon Reports Earnings, Revenue for 4Q and Full Year
Truckload carrier Celadon Group reported late Thursday earnings and revenue for its fourth quarter and fiscal year ended June 30.
July 28, 2006GDP Growth Slows to 2.5% in Second Quarter
The U.S. economy grew at a 2.5% annual rate in the second quarter, the Commerce Department said Thursday.
July 28, 2006